Freshworks Inc. $FRSH Shares Bought by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. raised its position in Freshworks Inc. (NASDAQ:FRSH) by 82.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 746,671 shares of the company’s stock after purchasing an additional 337,138 shares during the quarter. Clark Capital Management Group Inc. owned 0.26% of Freshworks worth $8,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eminence Capital LP raised its holdings in Freshworks by 39.4% in the second quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock valued at $109,359,000 after buying an additional 2,074,641 shares during the period. Wellington Management Group LLP grew its stake in Freshworks by 9.5% during the third quarter. Wellington Management Group LLP now owns 4,906,157 shares of the company’s stock worth $57,745,000 after buying an additional 424,866 shares during the period. Geode Capital Management LLC grew its stake in Freshworks by 1.6% during the second quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock worth $72,414,000 after buying an additional 75,688 shares during the period. State Street Corp increased its position in shares of Freshworks by 2.1% in the second quarter. State Street Corp now owns 4,850,487 shares of the company’s stock worth $72,321,000 after acquiring an additional 101,132 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Freshworks by 8.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,316,920 shares of the company’s stock worth $39,052,000 after acquiring an additional 260,078 shares in the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

Freshworks Stock Up 2.3%

Shares of NASDAQ FRSH opened at $8.13 on Monday. Freshworks Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $16.48. The business has a 50 day moving average price of $9.46 and a two-hundred day moving average price of $11.17. The firm has a market cap of $2.29 billion, a PE ratio of 12.70 and a beta of 0.93.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $222.74 million for the quarter, compared to analyst estimates of $218.76 million. Freshworks had a return on equity of 4.69% and a net margin of 21.90%.Freshworks’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. On average, analysts anticipate that Freshworks Inc. will post -0.19 earnings per share for the current year.

Insider Transactions at Freshworks

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the transaction, the insider directly owned 1,127,723 shares in the company, valued at $9,529,259.35. This represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price 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. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Freshworks in a report on Wednesday, February 11th. Jefferies Financial Group lowered Freshworks from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.00 to $8.00 in a research report on Monday, February 23rd. Robert W. Baird set a $10.00 price objective on Freshworks in a research note on Wednesday, February 11th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Freshworks in a research report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Freshworks presently has an average rating of “Hold” and an average price target of $12.92.

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.