Freshworks Inc. $FRSH is WestBridge Capital Management LLC’s Largest Position

WestBridge Capital Management LLC decreased its stake in Freshworks Inc. (NASDAQ:FRSH) by 41.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,856,660 shares of the company’s stock after selling 5,522,600 shares during the quarter. Freshworks makes up 100.0% of WestBridge Capital Management LLC’s holdings, making the stock its largest position. WestBridge Capital Management LLC’s holdings in Freshworks were worth $79,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Freshworks by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock valued at $333,696,000 after acquiring an additional 922,549 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Freshworks by 9.2% during the 4th quarter. Wellington Management Group LLP now owns 5,359,784 shares of the company’s stock worth $65,657,000 after purchasing an additional 453,627 shares during the period. Geode Capital Management LLC grew its stake in shares of Freshworks by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,126,112 shares of the company’s stock worth $62,805,000 after purchasing an additional 95,720 shares during the period. State Street Corp raised its position in shares of Freshworks by 1.2% in the fourth quarter. State Street Corp now owns 4,904,684 shares of the company’s stock worth $60,082,000 after acquiring an additional 56,935 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Freshworks by 11.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,748,985 shares of the company’s stock worth $58,175,000 after acquiring an additional 478,473 shares in the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

Freshworks Trading Down 2.0%

FRSH stock opened at $13.19 on Thursday. The business’s 50-day moving average is $11.49 and its 200 day moving average is $9.55. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 11.22 and a beta of 0.89. Freshworks Inc. has a 12-month low of $6.79 and a 12-month high of $13.99.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $237.38 million during the quarter, compared to analysts’ expectations of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. Freshworks’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. As a group, equities analysts forecast that Freshworks Inc. will post 0.04 EPS for the current fiscal year.

Insider Activity

In other Freshworks news, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total transaction of $69,422.82. Following the transaction, the director owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total value of $69,091.92. Following the completion of the sale, the director owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. The trade was a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,236 shares of company stock worth $270,331 over the last ninety days. Corporate insiders own 8.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Robert W. Baird set a $13.00 price target on Freshworks in a research report on Wednesday, August 5th. Weiss Ratings raised Freshworks from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Morgan Stanley decreased their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Guggenheim began coverage on shares of Freshworks in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

Freshworks Profile

Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company’s integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks’ platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.

The company’s flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.