Freshworks Inc. $FRSH Shares Sold by Gagnon Securities LLC

Gagnon Securities LLC lowered its position in shares of Freshworks Inc. (NASDAQ:FRSH) by 34.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,230,011 shares of the company’s stock after selling 635,807 shares during the quarter. Freshworks makes up about 3.1% of Gagnon Securities LLC’s portfolio, making the stock its 11th largest holding. Gagnon Securities LLC’s holdings in Freshworks were worth $15,068,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Cibc World Markets Corp acquired a new stake in shares of Freshworks in the 4th quarter valued at about $163,000. Federated Hermes Inc. boosted its position in shares of Freshworks by 31.7% in the 4th quarter. Federated Hermes Inc. now owns 674,354 shares of the company’s stock valued at $8,261,000 after purchasing an additional 162,150 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Freshworks by 11.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,748,985 shares of the company’s stock valued at $58,175,000 after purchasing an additional 478,473 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Freshworks in the 4th quarter valued at about $539,000. Finally, Principal Securities Inc. boosted its position in shares of Freshworks by 174.8% in the 4th quarter. Principal Securities Inc. now owns 11,867 shares of the company’s stock valued at $145,000 after purchasing an additional 7,549 shares during the period. 75.58% of the stock is owned by institutional investors and hedge funds.

Freshworks Stock Up 2.4%

Shares of FRSH stock opened at $9.44 on Friday. The stock has a market capitalization of $2.61 billion, a PE ratio of 15.23 and a beta of 0.89. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $15.54. The stock’s 50-day moving average price is $8.80 and its 200 day moving average price is $9.73.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $228.63 million for the quarter, compared to analysts’ expectations of $223.64 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Analysts expect that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen cut Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Oppenheimer cut Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Weiss Ratings cut Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Morgan Stanley decreased their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Finally, Citigroup restated a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Freshworks currently has a consensus rating of “Hold” and a consensus target price of $12.18.

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.