Peak XV Partners Operations LLC Cuts Holdings in Freshworks Inc. $FRSH

Peak XV Partners Operations LLC reduced its stake in shares of Freshworks Inc. (NASDAQ:FRSH) by 7.4% during the third quarter, Holdings Channel reports. The firm owned 10,832,963 shares of the company’s stock after selling 871,590 shares during the quarter. Freshworks makes up approximately 100.0% of Peak XV Partners Operations LLC’s portfolio, making the stock its biggest position. Peak XV Partners Operations LLC’s holdings in Freshworks were worth $127,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Freshworks during the 3rd quarter valued at approximately $27,000. Rothschild Investment LLC boosted its holdings in shares of Freshworks by 560.0% during the 3rd 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 in the last quarter. SBI Securities Co. Ltd. grew its holdings in Freshworks by 136.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock worth $32,000 after purchasing an additional 1,583 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Freshworks during the 3rd quarter valued at approximately $67,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Freshworks by 427.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock worth $67,000 after purchasing an additional 3,630 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Insider Activity 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 transaction, the insider owned 1,127,723 shares of the company’s stock, valued at approximately $9,529,259.35. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.17% of the stock is owned by insiders.

Freshworks Stock Down 1.7%

Shares of Freshworks stock opened at $8.01 on Wednesday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 12.52 and a beta of 0.93. The company’s 50 day moving average is $9.32 and its 200 day moving average is $11.10. Freshworks Inc. has a twelve month low of $6.79 and a twelve month high of $16.48.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BTIG Research began coverage on shares of Freshworks in a report on Tuesday, December 16th. They set a “neutral” rating on the stock. Wells Fargo & Company lowered their price objective on Freshworks from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Citizens Jmp cut their target price on Freshworks from $27.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Wednesday, February 11th. Piper Sandler reduced their target price on Freshworks from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Finally, Canaccord Genuity Group set a $14.00 price target on Freshworks in a research note on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average 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.