Freshworks Inc. $FRSH Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in shares of Freshworks Inc. (NASDAQ:FRSH) by 123.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,060 shares of the company’s stock after purchasing an additional 84,061 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.05% of Freshworks worth $1,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FRSH. Eminence Capital LP boosted its holdings in shares of 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 acquiring an additional 2,074,641 shares in the last quarter. Norges Bank bought a new position in Freshworks during the 2nd quarter valued at $25,113,000. Squarepoint Ops LLC increased its position in shares of Freshworks by 345.1% during the 2nd quarter. Squarepoint Ops LLC now owns 1,835,798 shares of the company’s stock valued at $27,372,000 after purchasing an additional 1,423,391 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Freshworks in the second quarter valued at $9,489,000. Finally, Goldman Sachs Group Inc. boosted its stake in Freshworks by 35.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock valued at $31,396,000 after buying an additional 578,628 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.

Freshworks Stock Performance

Shares of FRSH opened at $10.64 on Friday. The firm has a market cap of $3.00 billion, a PE ratio of -106.39 and a beta of 0.89. Freshworks Inc. has a twelve month low of $10.45 and a twelve month high of $19.48. The firm’s 50 day moving average price is $12.09 and its 200 day moving average price is $12.36.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $215.12 million for the quarter, compared to the consensus estimate of $208.80 million. Freshworks had a negative return on equity of 0.37% and a negative net margin of 3.65%.The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. On average, sell-side analysts anticipate that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

Insider Transactions at Freshworks

In other news, insider Mika Yamamoto sold 15,012 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $13.00, for a total transaction of $195,156.00. Following the sale, the insider directly owned 490,350 shares in the company, valued at approximately $6,374,550. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dennis Woodside bought 176,100 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of $11.31 per share, for a total transaction of $1,991,691.00. Following the purchase, the chief executive officer owned 2,111,517 shares of the company’s stock, valued at $23,881,257.27. This trade represents a 9.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 22,267 shares of company stock valued at $282,301 in the last ninety days. 11.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FRSH shares. Oppenheimer cut their price target on shares of Freshworks from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. BTIG Research started coverage on shares of Freshworks in a report on Tuesday, December 16th. They set a “neutral” rating for the company. UBS Group reaffirmed a “buy” rating and issued a $17.00 price target on shares of Freshworks in a report on Friday, November 14th. Canaccord Genuity Group reduced their price objective on Freshworks from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Freshworks in a research report on Monday, December 15th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.15.

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.