Federated Hermes Inc. Boosts Position in Freshworks Inc. $FRSH

Federated Hermes Inc. boosted its position in Freshworks Inc. (NASDAQ:FRSH) by 777.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 512,204 shares of the company’s stock after purchasing an additional 453,827 shares during the period. Federated Hermes Inc. owned about 0.18% of Freshworks worth $6,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eminence Capital LP grew its position in Freshworks by 39.4% during the second quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock valued at $109,359,000 after buying an additional 2,074,641 shares during the period. Norges Bank purchased a new position in shares of Freshworks during the 2nd quarter worth $25,113,000. Squarepoint Ops LLC grew its position in shares of Freshworks by 345.1% during the 2nd quarter. Squarepoint Ops LLC now owns 1,835,798 shares of the company’s stock valued at $27,372,000 after acquiring an additional 1,423,391 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Freshworks in the 2nd quarter worth $9,489,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Freshworks by 35.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock worth $31,396,000 after purchasing an additional 578,628 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Insider Activity at Freshworks

In other news, CEO Dennis Woodside purchased 176,100 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average cost of $11.31 per share, with a total value of $1,991,691.00. Following the completion of the purchase, the chief executive officer owned 2,111,517 shares in the company, valued at approximately $23,881,257.27. This represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mika Yamamoto sold 15,012 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $13.00, for a total value of $195,156.00. Following the transaction, the insider owned 490,350 shares of the company’s stock, valued at $6,374,550. This represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,267 shares of company stock worth $282,301 over the last 90 days. Company insiders own 11.17% of the company’s stock.

Freshworks Price Performance

Shares of FRSH opened at $10.66 on Tuesday. Freshworks Inc. has a 1 year low of $10.45 and a 1 year high of $18.78. The company has a 50 day simple moving average of $12.04 and a two-hundred day simple moving average of $12.29. The firm has a market cap of $3.01 billion, a P/E ratio of -106.59 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last released its earnings results on Wednesday, November 5th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $215.12 million for the quarter, compared to the consensus estimate of $208.80 million. Freshworks had a negative net margin of 3.65% and a negative return on equity of 0.37%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. On average, sell-side analysts anticipate that Freshworks Inc. will post -0.19 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Piper Sandler downgraded Freshworks from an “overweight” rating to a “neutral” rating in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating on shares of Freshworks in a research report on Monday, December 15th. UBS Group reissued a “buy” rating and issued a $17.00 target price on shares of Freshworks in a report on Friday, November 14th. BTIG Research initiated coverage on shares of Freshworks in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Freshworks in a research report on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.54.

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.