Freshworks (NASDAQ:FRSH) CAO Sells 10,530 Shares of Stock

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 10,530 shares of Freshworks stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $9.18, for a total value of $96,665.40. Following the transaction, the chief accounting officer owned 465,823 shares of the company’s stock, valued at $4,276,255.14. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Freshworks Stock Down 1.3%

Shares of FRSH traded down $0.12 during trading hours on Thursday, hitting $8.86. The company had a trading volume of 22,109,670 shares, compared to its average volume of 8,726,180. The business has a fifty day moving average of $8.86 and a 200-day moving average of $9.65. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 14.29 and a beta of 0.89. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $15.47.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $223.63 million. During the same period 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, equities analysts expect that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FRSH has been the subject of several research analyst reports. Morgan Stanley lowered 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 lowered Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group cut Freshworks from a “buy” rating to a “hold” rating and lowered their price target for the stock from $20.00 to $8.00 in a report on Monday, February 23rd. Oppenheimer downgraded Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Finally, Zacks Research upgraded Freshworks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Freshworks has an average rating of “Hold” and an average price target of $12.18.

Hedge Funds Weigh In On Freshworks

Several institutional investors and hedge funds have recently added to or reduced their stakes in FRSH. Amundi grew its stake in shares of Freshworks by 1.3% in the 1st quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after acquiring an additional 1,040 shares in the last quarter. Inceptionr LLC boosted its holdings in Freshworks by 3.6% during the third quarter. Inceptionr LLC now owns 33,583 shares of the company’s stock worth $395,000 after purchasing an additional 1,174 shares during the last quarter. Moody National Bank Trust Division grew its position in Freshworks by 4.1% in the 4th quarter. Moody National Bank Trust Division now owns 46,695 shares of the company’s stock worth $572,000 after purchasing an additional 1,823 shares in the last quarter. Rothschild Investment LLC grew its position in Freshworks by 560.0% in the 3rd quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock worth $27,000 after purchasing an additional 1,932 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Freshworks by 954.9% in the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after buying an additional 1,948 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

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.