Topline Capital Management LLC Buys 831,787 Shares of Freshworks Inc. $FRSH

Topline Capital Management LLC boosted its position in shares of Freshworks Inc. (NASDAQ:FRSH) by 43.0% in the third quarter, Holdings Channel.com reports. The firm owned 2,765,000 shares of the company’s stock after purchasing an additional 831,787 shares during the period. Freshworks comprises 5.6% of Topline Capital Management LLC’s holdings, making the stock its 7th largest holding. Topline Capital Management LLC’s holdings in Freshworks were worth $32,544,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Freshworks during the 3rd quarter worth about $27,000. Rothschild Investment LLC increased its holdings in Freshworks by 560.0% in the third quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock worth $27,000 after buying an additional 1,932 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Freshworks by 136.2% during the third quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after acquiring an additional 1,583 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Freshworks in the third quarter valued at approximately $67,000. Finally, EverSource Wealth Advisors LLC grew its position in Freshworks by 427.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock worth $67,000 after acquiring an additional 3,630 shares in the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Mika Yamamoto sold 32,577 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the transaction, the insider directly owned 1,127,723 shares of the company’s stock, valued at approximately $9,529,259.35. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.17% of the company’s stock.

Freshworks Trading Up 2.3%

FRSH opened at $8.13 on Friday. The stock has a market cap of $2.29 billion, a PE ratio of 12.70 and a beta of 0.93. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $16.48. The stock’s 50 day simple moving average is $9.46 and its 200-day simple moving average is $11.20.

Freshworks (NASDAQ:FRSH) last issued its earnings results on Tuesday, February 10th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. Freshworks had a return on equity of 4.69% and a net margin of 21.90%.The firm had revenue of $222.74 million during the quarter, compared to analysts’ expectations of $218.76 million. During the same period last year, the business earned $0.14 earnings per share. Freshworks’s quarterly revenue was up 14.5% compared to the same quarter last year. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. Equities analysts forecast that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FRSH. Wells Fargo & Company cut their price target on shares of Freshworks from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. UBS Group set a $11.00 target price on Freshworks in a research report on Wednesday, February 11th. Jefferies Financial Group lowered shares of Freshworks from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.00 to $8.00 in a research report on Monday, February 23rd. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Robert W. Baird set a $10.00 target price on shares of Freshworks in a report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.92.

Freshworks Company 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.