Freshworks (NASDAQ:FRSH) Sees Large Volume Increase – Here’s What Happened

Shares of Freshworks Inc. (NASDAQ:FRSH) saw an uptick in trading volume on Wednesday . Approximately 27,078,604 shares changed hands during trading, an increase of 149% from the previous session’s volume of 10,858,627 shares.The stock last traded at $10.3050 and had previously closed at $10.38.

Analysts Set New Price Targets

Several brokerages have weighed in on FRSH. Wall Street Zen cut Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Freshworks from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Oppenheimer lowered shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Morgan Stanley cut their price target on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.18.

Freshworks Trading Down 2.1%

The company has a market capitalization of $2.82 billion, a PE ratio of 16.43 and a beta of 0.88. The stock’s fifty day moving average is $9.35 and its two-hundred day moving average is $9.33.

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

Insider Buying and Selling at Freshworks

In other news, Director Jennifer H. Taylor sold 6,618 shares of Freshworks stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total value of $69,091.92. Following the completion of the transaction, the director owned 62,673 shares in the company, valued at $654,306.12. This trade represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 3,470 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $10.13, for a total transaction of $35,151.10. Following the completion of the sale, the chief accounting officer directly owned 456,144 shares in the company, valued at approximately $4,620,738.72. This trade represents a 0.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 27,236 shares of company stock valued at $270,331 over the last three months. 8.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Freshworks

Several institutional investors have recently made changes to their positions in the stock. Summit Securities Group LLC purchased a new position in shares of Freshworks in the fourth quarter valued at $26,000. IFP Advisors Inc grew its stake in Freshworks by 954.9% in the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after buying an additional 1,948 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Freshworks in the fourth quarter worth $36,000. Allworth Financial LP increased its stake in Freshworks by 479.9% in the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock valued at $39,000 after acquiring an additional 2,649 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Freshworks by 427.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock valued at $67,000 after acquiring an additional 3,630 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

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.