Magnetar Financial LLC Takes $1.34 Million Position in Freshworks Inc. $FRSH

Magnetar Financial LLC purchased a new stake in shares of Freshworks Inc. (NASDAQ:FRSH) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 113,750 shares of the company’s stock, valued at approximately $1,339,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank raised its stake in shares of Freshworks by 5.4% in the third quarter. Swiss National Bank now owns 374,700 shares of the company’s stock valued at $4,410,000 after acquiring an additional 19,200 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Freshworks by 11.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 59,416 shares of the company’s stock worth $699,000 after purchasing an additional 6,295 shares during the period. Inceptionr LLC grew its holdings in Freshworks by 3.6% during the 3rd quarter. Inceptionr LLC now owns 33,583 shares of the company’s stock valued at $395,000 after purchasing an additional 1,174 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in Freshworks by 3.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 106,848 shares of the company’s stock worth $1,258,000 after purchasing an additional 3,775 shares during the period. Finally, First Trust Advisors LP lifted its stake in Freshworks by 43.8% in the third quarter. First Trust Advisors LP now owns 207,047 shares of the company’s stock worth $2,437,000 after purchasing an additional 63,051 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Freshworks

In related news, insider Mika Yamamoto sold 32,577 shares of Freshworks stock in a transaction dated 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 directly owned 1,127,723 shares in the company, valued at $9,529,259.35. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 11.17% of the company’s stock.

Freshworks Stock Performance

Freshworks stock opened at $7.95 on Friday. The company has a market capitalization of $2.24 billion, a PE ratio of 12.42 and a beta of 0.93. The company has a 50 day moving average price of $9.53 and a 200-day moving average price of $11.24. Freshworks Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $16.48.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $222.74 million for the quarter, compared to analysts’ expectations of $218.76 million. Freshworks had a return on equity of 4.69% and a net margin of 21.90%.Freshworks’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. On average, analysts forecast that Freshworks Inc. will post -0.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on FRSH. Jefferies Financial Group cut Freshworks from a “buy” rating to a “hold” rating and cut their target price for the company from $20.00 to $8.00 in a research note on Monday, February 23rd. Piper Sandler dropped their price objective on Freshworks from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Citizens Jmp cut their price objective on Freshworks from $27.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 11th. Citigroup reiterated an “outperform” rating on shares of Freshworks in a research note on Wednesday, February 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of Freshworks in a research report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.92.

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.