Freshworks Inc. (NASDAQ:FRSH) Short Interest Update

Freshworks Inc. (NASDAQ:FRSH) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 18,445,573 shares, an increase of 24.4% from the December 31st total of 14,822,021 shares. Currently, 7.4% of the shares of the stock are sold short. Based on an average trading volume of 3,948,815 shares, the short-interest ratio is presently 4.7 days. Based on an average trading volume of 3,948,815 shares, the short-interest ratio is presently 4.7 days. Currently, 7.4% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FRSH shares. UBS Group reaffirmed a “buy” rating and set a $17.00 target price on shares of Freshworks in a research report on Friday, November 14th. Cantor Fitzgerald restated an “overweight” rating on shares of Freshworks in a report on Tuesday, January 20th. Piper Sandler cut shares of Freshworks from an “overweight” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research report on Monday. Canaccord Genuity Group lowered their price target on Freshworks from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Freshworks in a research note on Monday, December 15th. Six 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 stock currently has an average rating of “Hold” and a consensus price target of $18.54.

Freshworks Stock Performance

Shares of Freshworks stock traded down $1.13 during midday trading on Tuesday, reaching $9.53. 7,888,617 shares of the company’s stock traded hands, compared to its average volume of 4,055,498. Freshworks has a 52 week low of $9.45 and a 52 week high of $18.78. The company’s 50 day simple moving average is $11.99 and its 200 day simple moving average is $12.25. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -95.29 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last posted 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. Freshworks had a negative net margin of 3.65% and a negative return on equity of 0.37%. The firm had revenue of $215.12 million for the quarter, compared to the consensus estimate of $208.80 million. During the same period in the prior year, the business posted $0.11 earnings per share. The business’s quarterly revenue was up 15.3% on a year-over-year basis. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. As a group, equities research analysts predict that Freshworks will post -0.19 earnings per share for the current year.

Insider Activity at Freshworks

In other Freshworks news, insider Tyler Sloat purchased 171,615 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were purchased at an average cost of $11.62 per share, for a total transaction of $1,994,166.30. Following the completion of the transaction, the insider owned 1,149,244 shares in the company, valued at $13,354,215.28. The trade was a 17.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mika Yamamoto sold 15,012 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $13.00, for a total transaction of $195,156.00. Following the completion of the sale, the insider owned 490,350 shares in the company, valued at $6,374,550. The trade was a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 22,267 shares of company stock valued at $282,301. Insiders own 11.17% of the company’s stock.

Hedge Funds Weigh In On Freshworks

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Freshworks by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock worth $333,696,000 after buying an additional 922,549 shares during the period. Eminence Capital LP boosted its holdings 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 acquiring an additional 2,074,641 shares during the period. Wellington Management Group LLP grew its position in shares of Freshworks by 9.5% in the third quarter. Wellington Management Group LLP now owns 4,906,157 shares of the company’s stock valued at $57,745,000 after purchasing an additional 424,866 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Freshworks by 1.6% in the second quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock worth $72,414,000 after purchasing an additional 75,688 shares during the period. Finally, State Street Corp increased its stake in shares of Freshworks by 2.1% in the second quarter. State Street Corp now owns 4,850,487 shares of the company’s stock worth $72,321,000 after purchasing an additional 101,132 shares during the period. 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.