Healthcare of Ontario Pension Plan Trust Fund Grows Holdings in Freshworks Inc. $FRSH

Healthcare of Ontario Pension Plan Trust Fund raised its position in Freshworks Inc. (NASDAQ:FRSH) by 403.4% during the first quarter, Holdings Channel reports. The firm owned 1,444,124 shares of the company’s stock after buying an additional 1,157,277 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Freshworks were worth $11,596,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FRSH. Amundi boosted its holdings in Freshworks by 1.3% in the first quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after purchasing an additional 1,040 shares during the period. IFP Advisors Inc grew its stake in Freshworks by 954.9% during the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after purchasing an additional 1,948 shares in the last quarter. Focus Partners Wealth increased its holdings in Freshworks by 20.2% during the 1st quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock worth $175,000 after purchasing an additional 2,086 shares during the period. Canada Pension Plan Investment Board raised its position in Freshworks by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 267,900 shares of the company’s stock valued at $3,994,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Freshworks in the 4th quarter valued at about $26,000. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Freshworks Price Performance

Shares of NASDAQ FRSH opened at $11.18 on Wednesday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 18.03 and a beta of 0.88. The business has a 50-day moving average of $9.84 and a two-hundred day moving average of $9.19. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $14.29.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The business had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.63 million. During the same period in the prior year, the firm posted $0.18 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, equities research analysts expect that Freshworks Inc. will post -0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FRSH shares. Weiss Ratings downgraded Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Morgan Stanley reduced their target price on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Guggenheim assumed coverage on shares of Freshworks in a report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price target for the company. Finally, Citigroup reissued 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, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.25.

Insider Buying and Selling

In other Freshworks news, CAO Philippa Lawrence sold 3,470 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $10.13, for a total value of $35,151.10. Following the transaction, the chief accounting officer directly owned 456,144 shares in the company, valued at $4,620,738.72. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Barry L. Padgett sold 6,618 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total transaction of $69,422.82. Following the sale, the director directly owned 47,270 shares in the company, valued at approximately $495,862.30. The trade was a 12.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,236 shares of company stock worth $270,331 over the last 90 days. 8.54% of the stock is owned by insiders.

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.