Generation Investment Management LLP Buys Shares of 631,598 Freshworks Inc. $FRSH

Generation Investment Management LLP acquired a new stake in Freshworks Inc. (NASDAQ:FRSH) during the 2nd quarter, HoldingsChannel reports. The firm acquired 631,598 shares of the company’s stock, valued at approximately $6,392,000. Freshworks makes up 0.1% of Generation Investment Management LLP’s investment portfolio, making the stock its 28th biggest holding.

Several other hedge funds also recently bought and sold shares of FRSH. Handelsbanken Fonder AB increased its holdings in Freshworks by 38.2% in the second quarter. Handelsbanken Fonder AB now owns 60,000 shares of the company’s stock worth $607,000 after buying an additional 16,600 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Freshworks in the 2nd quarter worth $228,000. Assenagon Asset Management S.A. acquired a new position in shares of Freshworks during the 2nd quarter worth about $2,565,000. Pacer Advisors Inc. acquired a new position in shares of Freshworks during the first quarter worth approximately $8,561,000. Finally, Optiver Holding B.V. raised its stake in Freshworks by 277.1% during the 1st quarter. Optiver Holding B.V. now owns 6,211 shares of the company’s stock valued at $50,000 after purchasing an additional 4,564 shares during the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Freshworks

In other Freshworks news, Director Barry L. Padgett sold 6,618 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total value of $69,422.82. Following the transaction, the director directly owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. This trade represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 10,530 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $9.18, for a total value of $96,665.40. Following the completion of the transaction, the chief accounting officer owned 465,823 shares in the company, valued at $4,276,255.14. This represents a 2.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,236 shares of company stock worth $270,331 over the last ninety days. Company insiders own 8.54% of the company’s stock.

Freshworks Stock Up 2.7%

Freshworks stock opened at $13.07 on Thursday. The business’s 50-day simple moving average is $10.67 and its 200 day simple moving average is $9.25. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 10.61 and a beta of 0.86. Freshworks Inc. has a 12-month low of $6.79 and a 12-month high of $14.06.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The firm had revenue of $237.38 million during the quarter, compared to analyst estimates of $233.62 million. During the same period last year, the company earned $0.18 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. As a group, sell-side analysts expect that Freshworks Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on FRSH. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Freshworks in a report on Tuesday, August 4th. Robert W. Baird set a $13.00 price target on shares of Freshworks in a report on Wednesday, August 5th. Piper Sandler boosted their price objective on Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald upped their target price on shares of Freshworks from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Freshworks currently has an average rating of “Hold” and an average target price of $14.17.

Freshworks 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.