Freshworks (NASDAQ:FRSH) Director Sells 6,618 Shares of Stock

Freshworks Inc. (NASDAQ:FRSH) Director Barry Padgett sold 6,618 shares of Freshworks stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total transaction of $69,422.82. Following the transaction, the director directly owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Freshworks Trading Down 0.7%

FRSH traded down $0.07 on Thursday, reaching $10.34. The stock had a trading volume of 26,375,457 shares, compared to its average volume of 10,638,896. Freshworks Inc. has a 12-month low of $6.79 and a 12-month high of $15.47. The company has a market cap of $2.86 billion, a P/E ratio of 16.68 and a beta of 0.88. The business’s 50-day moving average price is $9.13 and its two-hundred day moving average price is $9.43.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The company had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.63 million. During the same quarter in the prior year, the firm posted $0.18 EPS. Freshworks’s quarterly revenue was up 16.5% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, analysts predict that Freshworks Inc. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Freshworks

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clark Capital Management Group Inc. grew its holdings in Freshworks by 82.3% during the 3rd quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock worth $8,788,000 after acquiring an additional 337,138 shares in the last quarter. Newlands Management Operations LLC acquired a new stake in shares of Freshworks in the 3rd quarter valued at about $5,410,000. Tudor Investment Corp ET AL purchased a new position in shares of Freshworks during the third quarter worth approximately $1,984,000. Topline Capital Management LLC increased its stake in Freshworks by 43.0% in the third quarter. Topline Capital Management LLC now owns 2,765,000 shares of the company’s stock valued at $32,544,000 after purchasing an additional 831,787 shares during the period. Finally, Quantbot Technologies LP raised its stake in Freshworks by 166.3% during the 3rd quarter. Quantbot Technologies LP now owns 222,291 shares of the company’s stock valued at $2,616,000 after acquiring an additional 138,802 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on FRSH. Weiss Ratings lowered Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley reduced their target price on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Oppenheimer lowered shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Finally, Zacks Research upgraded Freshworks from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.18.

About Freshworks

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.