Freshworks (NASDAQ:FRSH) Stock: Insider Philippa Lawrence Sells 3,492 Shares

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 3,492 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $12.98, for a total value of $45,326.16. Following the transaction, the chief accounting officer owned 379,639 shares of the company’s stock, valued at approximately $4,927,714.22. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Philippa Lawrence also recently made the following trade(s):

• On Wednesday, September 2nd, Philippa Lawrence sold 52,767 shares of Freshworks stock. The shares were sold at an average price of $13.25, for a total transaction of $699,162.75.

Freshworks Stock Performance

Shares of FRSH traded up $0.44 during mid-day trading on Monday, reaching $13.22. The stock had a trading volume of 3,567,055 shares, compared to its average volume of 9,998,310. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 8.52 and a beta of 0.90. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $13.99. The business has a fifty day moving average of $12.47 and a 200 day moving average of $10.29.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $237.38 million for the quarter, compared to analysts’ expectations of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. Freshworks’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, research analysts forecast that Freshworks Inc. will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FRSH. Generation Investment Management LLP purchased a new position in Freshworks during the 2nd quarter valued at approximately $6,392,000. Assenagon Asset Management S.A. purchased a new stake in shares of Freshworks during the 2nd quarter worth approximately $2,565,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Freshworks by 403.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock valued at $11,596,000 after acquiring an additional 1,157,277 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Freshworks by 209.6% during the 1st quarter. First Trust Advisors LP now owns 262,849 shares of the company’s stock valued at $2,111,000 after acquiring an additional 177,963 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Freshworks by 80.7% in the first quarter. Principal Financial Group Inc. now owns 765,475 shares of the company’s stock valued at $6,147,000 after purchasing an additional 341,947 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Guggenheim began coverage on Freshworks in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Robert W. Baird set a $13.00 target price on Freshworks in a research note on Wednesday, August 5th. UBS Group upped their price target on Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. KeyCorp assumed coverage on shares of Freshworks in a report on Monday, September 14th. They set an “overweight” rating and a $18.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.46.

About Freshworks

Freshworks Inc (NASDAQ:FRSH) develops cloud-based software designed to help businesses manage customer and employee experiences. Its products are intended for organizations of various sizes and emphasize ease of use, rapid deployment and integration with other business applications.

The company’s product portfolio includes Freshdesk for customer support and service management, Freshservice for IT service management, Freshsales for customer relationship management, Freshchat for messaging and conversational engagement, and Freshmarketer for marketing automation and optimization.