Jupiter Asset Management Ltd. Boosts Stock Holdings in Freshworks Inc. $FRSH

Jupiter Asset Management Ltd. grew its position in shares of Freshworks Inc. (NASDAQ:FRSH) by 1,528.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,708,811 shares of the company’s stock after purchasing an additional 1,603,887 shares during the period. Jupiter Asset Management Ltd.’s holdings in Freshworks were worth $20,933,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in shares of Freshworks by 954.9% during the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after buying an additional 1,948 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Freshworks by 560.0% during the third quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock valued at $27,000 after buying an additional 1,932 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of 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 buying an additional 1,583 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Freshworks during the fourth quarter valued at approximately $36,000. Finally, Allworth Financial LP grew its holdings in shares of Freshworks by 479.9% during the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock valued at $39,000 after buying an additional 2,649 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Freshworks Trading Up 7.9%

Shares of FRSH stock opened at $9.71 on Friday. Freshworks Inc. has a 12-month low of $6.79 and a 12-month high of $16.05. The firm’s 50 day moving average is $8.48 and its 200 day moving average is $9.87. The stock has a market capitalization of $2.68 billion, a P/E ratio of 15.66 and a beta of 0.83.

Freshworks (NASDAQ:FRSH) last issued its earnings results 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 net margin of 20.69% and a return on equity of 4.27%. The company had revenue of $228.63 million for the quarter, compared to analysts’ expectations of $223.64 million. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. 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, equities analysts predict that Freshworks Inc. will post -0.02 earnings per share for the current year.

Insider Transactions at Freshworks

In related news, insider Mika Yamamoto sold 32,577 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total value of $275,275.65. Following the sale, the insider 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FRSH shares. Piper Sandler cut their price target on shares of Freshworks from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Zacks Research upgraded shares of Freshworks from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Cantor Fitzgerald cut their price target on shares of Freshworks from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Freshworks in a report on Wednesday, February 11th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.18.

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.