Freshworks Inc. $FRSH Shares Sold by Neo Ivy Capital Management

Neo Ivy Capital Management reduced its position in shares of Freshworks Inc. (NASDAQ:FRSH) by 55.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,918 shares of the company’s stock after selling 89,883 shares during the quarter. Neo Ivy Capital Management’s holdings in Freshworks were worth $846,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Freshworks by 34.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 110,654 shares of the company’s stock valued at $1,650,000 after purchasing an additional 28,152 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Freshworks by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock worth $72,414,000 after purchasing an additional 75,688 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Freshworks in the 3rd quarter worth approximately $5,083,000. Pier 88 Investment Partners LLC lifted its stake in Freshworks by 68.6% during the second quarter. Pier 88 Investment Partners LLC now owns 80,680 shares of the company’s stock valued at $1,203,000 after purchasing an additional 32,830 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in Freshworks by 744.6% during the second quarter. Edgestream Partners L.P. now owns 367,873 shares of the company’s stock worth $5,485,000 after buying an additional 324,319 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup restated an “outperform” rating on shares of Freshworks in a research report on Wednesday, February 11th. Cantor Fitzgerald reduced their price objective on Freshworks from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. BTIG Research assumed coverage on Freshworks in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Robert W. Baird set a $10.00 target price on Freshworks in a research report on Wednesday, February 11th. Finally, Citizens Jmp reduced their target price on Freshworks from $27.00 to $16.00 and set a “market outperform” rating for the company in a report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.92.

Freshworks Price Performance

FRSH stock opened at $8.63 on Friday. The firm has a market capitalization of $2.43 billion, a P/E ratio of 13.48 and a beta of 0.93. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $16.48. The company’s 50 day simple moving average is $9.87 and its 200-day simple moving average is $11.38.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Freshworks had a net margin of 21.90% and a return on equity of 4.69%. The firm had revenue of $222.74 million during the quarter, compared to analyst estimates of $218.76 million. During the same quarter last year, the business posted $0.14 EPS. The company’s revenue was up 14.5% on a year-over-year basis. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. Sell-side analysts predict that Freshworks Inc. will post -0.19 EPS for the current fiscal year.

Insider Activity

In other news, insider Mika Yamamoto sold 32,577 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total value of $275,275.65. Following the completion of the sale, the insider owned 1,127,723 shares in the company, valued at $9,529,259.35. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.17% of the stock is owned by insiders.

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.