Freshworks (NASDAQ:FRSH) CAO Philippa Lawrence Sells 10,530 Shares

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 10,530 shares of Freshworks stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total transaction of $96,665.40. Following the sale, the chief accounting officer owned 465,823 shares of the company’s stock, valued at $4,276,255.14. The trade was a 2.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Freshworks Stock Performance

Shares of NASDAQ:FRSH opened at $8.86 on Friday. The firm’s 50 day simple moving average is $8.88 and its 200-day simple moving average is $9.63. Freshworks Inc. has a one year low of $6.79 and a one year high of $15.47. The firm has a market cap of $2.45 billion, a PE ratio of 14.29 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The company had revenue of $228.63 million for the quarter, compared to analysts’ expectations of $223.63 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Freshworks’s revenue was up 16.5% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. Equities research analysts predict that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Freshworks

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Clark Capital Management Group Inc. lifted its holdings in Freshworks by 82.3% in the third quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock valued at $8,788,000 after acquiring an additional 337,138 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Freshworks during the 3rd quarter worth approximately $1,984,000. Newlands Management Operations LLC purchased a new position in shares of Freshworks during the 3rd quarter valued at approximately $5,410,000. Topline Capital Management LLC increased its holdings in shares of Freshworks by 43.0% during the 3rd quarter. Topline Capital Management LLC now owns 2,765,000 shares of the company’s stock valued at $32,544,000 after purchasing an additional 831,787 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of Freshworks by 166.3% in the 3rd quarter. Quantbot Technologies LP now owns 222,291 shares of the company’s stock valued at $2,616,000 after purchasing an additional 138,802 shares during the period. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on FRSH. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Oppenheimer cut Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Zacks Research upgraded Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group lowered Freshworks from a “buy” rating to a “hold” rating and reduced their target price for the company from $20.00 to $8.00 in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.18.

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.