Newlands Management Operations LLC Buys Shares of 459,619 Freshworks Inc. $FRSH

Newlands Management Operations LLC bought a new stake in Freshworks Inc. (NASDAQ:FRSH) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 459,619 shares of the company’s stock, valued at approximately $5,410,000. Freshworks makes up approximately 0.0% of Newlands Management Operations LLC’s investment portfolio, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC boosted its position in shares of Freshworks by 560.0% during the 3rd quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock worth $27,000 after acquiring an additional 1,932 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Freshworks during the third quarter valued at approximately $27,000. SBI Securities Co. Ltd. raised its position in Freshworks by 136.2% during the third quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after purchasing an additional 1,583 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Freshworks by 427.6% during the second quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock worth $67,000 after purchasing an additional 3,630 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Freshworks during the third quarter worth $67,000. Institutional investors own 75.58% of the company’s stock.

Insider Transactions at Freshworks

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the 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 transaction, the insider directly owned 1,127,723 shares in the company, valued at approximately $9,529,259.35. This trade 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 can be accessed through this link. 11.17% of the stock is currently owned by insiders.

Freshworks Stock Performance

NASDAQ FRSH opened at $8.13 on Friday. The firm’s fifty day moving average price is $9.46 and its two-hundred day moving average price is $11.20. The stock has a market cap of $2.29 billion, a PE ratio of 12.70 and a beta of 0.93. 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 results on Tuesday, February 10th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Freshworks had a return on equity of 4.69% and a net margin of 21.90%.The company had revenue of $222.74 million during the quarter, compared to analysts’ expectations of $218.76 million. During the same period in the prior year, the company earned $0.14 EPS. Freshworks’s revenue was up 14.5% compared to the same quarter last year. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. As a group, sell-side analysts predict that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FRSH. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Piper Sandler dropped their price objective on Freshworks from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. UBS Group set a $11.00 price objective on Freshworks in a research note on Wednesday, February 11th. Wells Fargo & Company decreased their target price on Freshworks from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Finally, BTIG Research started coverage on Freshworks in a research note on Tuesday, December 16th. They set a “neutral” rating for the company. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.92.

Freshworks Company 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.