Pacer Advisors Inc. Purchases New Shares in Freshworks Inc. $FRSH

Pacer Advisors Inc. acquired a new stake in Freshworks Inc. (NASDAQ:FRSH) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 1,066,148 shares of the company’s stock, valued at approximately $8,561,000.

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

Insider Buying and Selling at Freshworks

In other Freshworks news, CAO Philippa Lawrence sold 10,530 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total value of $96,665.40. Following the transaction, the chief accounting officer directly owned 465,823 shares of the company’s stock, valued at approximately $4,276,255.14. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $69,091.92. Following the sale, the director owned 62,673 shares of the company’s stock, valued at $654,306.12. The trade was a 9.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 27,236 shares of company stock valued at $270,331. 8.54% of the stock is currently owned by insiders.

Freshworks News Summary

Here are the key news stories impacting Freshworks this week:

• Positive Sentiment: Quarterly earnings and revenue beat estimates. Freshworks reported adjusted EPS of $0.17, exceeding the $0.13 consensus estimate, while revenue reached $237.4 million versus expectations of $233.6 million. Revenue increased 16% year over year. Freshworks Inc. Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Freshworks achieved GAAP profitability. The company generated $3.2 million in GAAP net income, its first GAAP-profitable quarter of 2026, and reported an 8th consecutive quarter meeting the Rule of 40 growth-and-profitability benchmark. Freshworks Reports Record Second Quarter 2026 Results
• Positive Sentiment: Full-year earnings guidance was raised above analyst expectations. Freshworks now expects fiscal 2026 EPS of $0.66-$0.68, compared with the $0.50 consensus estimate, and revenue of $963.5 million-$966.5 million versus the $961.2 million consensus. Third-quarter EPS guidance of $0.18 also exceeded the $0.15 estimate, while revenue guidance was broadly in line with expectations.
• Neutral Sentiment: Profit growth remains mixed year over year. Second-quarter EPS declined from $0.18 a year earlier to $0.17, but the decline was more than offset by the earnings beat, accelerating revenue and improved GAAP profitability.

Freshworks Trading Up 2.3%

Shares of NASDAQ:FRSH opened at $12.04 on Wednesday. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $14.06. The stock has a market capitalization of $3.33 billion, a P/E ratio of 19.42 and a beta of 0.86. The business has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $9.18.

Freshworks (NASDAQ:FRSH) last issued its earnings results 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. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. During the same quarter last year, the firm earned $0.18 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. 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 predict that Freshworks Inc. will post -0.02 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FRSH. Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research cut shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Morgan Stanley lowered their price target on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Finally, Guggenheim assumed coverage on shares of Freshworks in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Freshworks currently has an average rating of “Hold” and an average price target 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.