Y Intercept Hong Kong Ltd Sells 93,008 Shares of Freshworks Inc. $FRSH

Y Intercept Hong Kong Ltd lowered its position in Freshworks Inc. (NASDAQ:FRSH) by 50.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,323 shares of the company’s stock after selling 93,008 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Freshworks were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Clark Capital Management Group Inc. lifted its holdings in Freshworks by 82.3% during the 3rd quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock worth $8,788,000 after buying an additional 337,138 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Freshworks in the third quarter valued at about $1,984,000. Vanguard Group Inc. increased its stake in shares of Freshworks by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock valued at $333,696,000 after buying an additional 922,549 shares during the period. SG Americas Securities LLC raised its position in shares of Freshworks by 136.7% during the fourth quarter. SG Americas Securities LLC now owns 110,351 shares of the company’s stock worth $1,352,000 after acquiring an additional 63,731 shares during the last quarter. Finally, Inlight Wealth Management LLC raised its position in shares of Freshworks by 77.6% during the fourth quarter. Inlight Wealth Management LLC now owns 211,247 shares of the company’s stock worth $2,588,000 after acquiring an additional 92,317 shares during the last quarter. Institutional investors own 75.58% of the company’s stock.

Insider Buying and Selling

In other Freshworks news, CAO Philippa Lawrence sold 3,470 shares of Freshworks stock in a transaction 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 transaction, the chief accounting officer directly owned 456,144 shares of the company’s stock, valued at $4,620,738.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, Director Barry L. Padgett sold 6,618 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total transaction of $69,422.82. Following the completion of the sale, the director owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. The trade was a 12.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 27,236 shares of company stock worth $270,331. 8.54% of the stock is owned by corporate insiders.

Freshworks Stock Performance

Shares of NASDAQ FRSH opened at $10.36 on Monday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 16.71 and a beta of 0.88. Freshworks Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $15.06. The firm’s 50-day simple moving average is $9.39 and its 200 day simple moving average is $9.32.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $228.63 million during the quarter, compared to analyst estimates of $223.63 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. On average, sell-side analysts predict that Freshworks Inc. will post -0.02 EPS for the current year.

Wall Street Analyst Weigh In

FRSH has been the subject of several recent analyst reports. Oppenheimer cut shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Finally, Zacks Research raised Freshworks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.