Entropy Technologies LP Invests $511,000 in Freshworks Inc. $FRSH

Entropy Technologies LP purchased a new stake in Freshworks Inc. (NASDAQ:FRSH) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 63,674 shares of the company’s stock, valued at approximately $511,000.

Several other institutional investors have also recently added to or reduced their stakes in FRSH. Summit Securities Group LLC acquired a new stake in Freshworks during the 4th quarter worth approximately $26,000. IFP Advisors Inc increased its holdings in shares of Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after purchasing an additional 1,948 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Freshworks in the fourth quarter valued at approximately $36,000. Allworth Financial LP raised its stake in shares of Freshworks by 479.9% during the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after purchasing an additional 2,649 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Freshworks by 427.6% during the second quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock worth $67,000 after purchasing an additional 3,630 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Insider Transactions at Freshworks

In related news, CAO Philippa Lawrence sold 10,530 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total value of $96,665.40. Following the completion of the sale, the chief accounting officer owned 465,823 shares in the company, valued at $4,276,255.14. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jennifer H. Taylor sold 6,618 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the sale, the director directly owned 62,673 shares in the company, valued at approximately $654,306.12. This represents a 9.55% 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. Insiders have sold a total of 27,236 shares of company stock valued at $270,331 in the last ninety days. 8.54% of the stock is currently owned by company insiders.

Freshworks Price Performance

Freshworks stock opened at $11.61 on Thursday. The stock’s 50 day moving average price is $9.89 and its 200 day moving average price is $9.19. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $14.29. The company has a market cap of $3.21 billion, a PE ratio of 18.73 and a beta of 0.88.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The firm 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 business posted $0.18 earnings per share. Freshworks’s 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. On average, equities research analysts anticipate that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FRSH shares. Zacks Research lowered shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Guggenheim began coverage on shares of Freshworks in a research report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price objective for the company. Morgan Stanley cut their price objective 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. Wall Street Zen downgraded shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.25.

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.