Ceera Investments LLC Has $2.95 Million Stock Position in Freshworks Inc. $FRSH

Ceera Investments LLC reduced its position in shares of Freshworks Inc. (NASDAQ:FRSH) by 12.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 367,198 shares of the company’s stock after selling 51,865 shares during the quarter. Freshworks comprises 1.3% of Ceera Investments LLC’s holdings, making the stock its 25th biggest position. Ceera Investments LLC owned 0.13% of Freshworks worth $2,949,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of Freshworks by 120.8% during the 1st quarter. Royal Bank of Canada now owns 21,388 shares of the company’s stock worth $302,000 after buying an additional 11,703 shares during the period. Amundi boosted its stake in Freshworks by 1.3% in the first quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after acquiring an additional 1,040 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Freshworks by 35.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock valued at $31,396,000 after acquiring an additional 578,628 shares during the last quarter. Woodline Partners LP grew its holdings in Freshworks by 13.5% during the 1st quarter. Woodline Partners LP now owns 21,569 shares of the company’s stock worth $304,000 after acquiring an additional 2,571 shares during the period. Finally, Focus Partners Wealth grew its holdings in Freshworks by 20.2% during the 1st quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock worth $175,000 after acquiring an additional 2,086 shares during the period. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FRSH shares. Weiss Ratings downgraded Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Morgan Stanley cut their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Zacks Research lowered Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Freshworks has a consensus rating of “Hold” and a consensus target price of $12.18.

Insider Buying and Selling

In other Freshworks news, CAO Philippa Lawrence sold 3,470 shares of Freshworks stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $10.13, for a total value of $35,151.10. Following the transaction, the chief accounting officer owned 456,144 shares of the company’s stock, valued at approximately $4,620,738.72. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Barry L. Padgett sold 6,618 shares of the company’s 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 completion of the transaction, the director owned 47,270 shares of the company’s stock, valued at $495,862.30. This trade represents a 12.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 27,236 shares of company stock valued at $270,331. 8.54% of the stock is owned by corporate insiders.

Freshworks Stock Down 0.5%

FRSH opened at $10.89 on Friday. The stock has a market cap of $3.01 billion, a P/E ratio of 17.56 and a beta of 0.88. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $15.06. The company has a fifty day simple moving average of $9.58 and a 200 day simple moving average of $9.28.

Freshworks (NASDAQ:FRSH) last posted its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.63 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. On average, equities research analysts expect that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.

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.