2,601,917 Shares in Freshworks Inc. $FRSH Acquired by Norges Bank

Norges Bank acquired a new stake in Freshworks Inc. (NASDAQ:FRSH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,601,917 shares of the company’s stock, valued at approximately $31,873,000. Norges Bank owned about 0.92% of Freshworks at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc lifted its stake in shares of Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after buying an additional 1,948 shares during the last quarter. Rothschild Investment LLC grew its position in shares of Freshworks by 560.0% in the third quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock valued at $27,000 after purchasing an additional 1,932 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of Freshworks by 136.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after purchasing an additional 1,583 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Freshworks in the fourth quarter valued at about $36,000. Finally, Allworth Financial LP grew its position in shares of Freshworks by 479.9% in the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock valued at $39,000 after purchasing an additional 2,649 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Oppenheimer downgraded Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Cantor Fitzgerald cut their price target on Freshworks from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Freshworks in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.18.

Freshworks Stock Down 0.3%

Freshworks stock opened at $9.38 on Wednesday. The business has a 50 day moving average price of $8.72 and a two-hundred day moving average price of $9.76. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 15.13 and a beta of 0.89. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $16.05.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, meeting 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 $223.64 million. During the same quarter in the prior year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. 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, 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.