Insider Selling: Freshworks (NASDAQ:FRSH) Insider Sells $275,275.65 in Stock

Freshworks Inc. (NASDAQ:FRSH) insider Mika Yamamoto sold 32,577 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the sale, the insider directly owned 1,127,723 shares of the company’s stock, valued at $9,529,259.35. The trade was a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mika Yamamoto also recently made the following trade(s):

• On Friday, December 5th, Mika Yamamoto sold 15,012 shares of Freshworks stock. The shares were sold at an average price of $13.00, for a total transaction of $195,156.00.

Freshworks Trading Up 1.8%

FRSH stock traded up $0.15 during midday trading on Thursday, reaching $8.62. 6,253,204 shares of the company’s stock traded hands, compared to its average volume of 6,205,707. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $16.57. The stock has a market cap of $2.43 billion, a P/E ratio of 13.47 and a beta of 0.93. The stock’s 50-day moving average is $10.02 and its 200 day moving average is $11.44.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Freshworks had a net margin of 21.90% and a return on equity of 4.69%. The firm had revenue of $222.74 million during the quarter, compared to the consensus estimate of $218.76 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. As a group, research analysts expect that Freshworks Inc. will post -0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Freshworks

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in shares of Freshworks by 34.1% in the second quarter. Envestnet Asset Management Inc. now owns 110,654 shares of the company’s stock worth $1,650,000 after buying an additional 28,152 shares in the last quarter. Geode Capital Management LLC grew its holdings in Freshworks by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock valued at $72,414,000 after buying an additional 75,688 shares in the last quarter. Nordea Investment Management AB bought a new stake in Freshworks in the 3rd quarter worth approximately $5,083,000. Pier 88 Investment Partners LLC raised its holdings in shares of Freshworks by 68.6% during the 2nd quarter. Pier 88 Investment Partners LLC now owns 80,680 shares of the company’s stock worth $1,203,000 after acquiring an additional 32,830 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its position in shares of Freshworks by 744.6% during the 2nd quarter. Edgestream Partners L.P. now owns 367,873 shares of the company’s stock valued at $5,485,000 after acquiring an additional 324,319 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FRSH shares. Citizens Jmp cut their price objective on Freshworks from $27.00 to $16.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 11th. Wells Fargo & Company dropped their price target on shares of Freshworks from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Citigroup reissued an “outperform” rating on shares of Freshworks in a research note on Wednesday, February 11th. Piper Sandler lowered their target price on shares of Freshworks from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Finally, BTIG Research began coverage on shares of Freshworks in a report on Tuesday, December 16th. They issued a “neutral” rating for the company. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Freshworks presently has a consensus rating of “Hold” and a consensus target price of $12.92.

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.