Freshworks (NASDAQ:FRSH) CAO Philippa Lawrence Sells 52,767 Shares

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 52,767 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $13.25, for a total value of $699,162.75. Following the completion of the sale, the chief accounting officer owned 389,296 shares in the company, valued at $5,158,172. This trade represents a 11.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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.

Philippa Lawrence also recently made the following trade(s):

• On Monday, July 6th, Philippa Lawrence sold 3,470 shares of Freshworks stock. The stock was sold at an average price of $10.13, for a total value of $35,151.10.
• On Wednesday, June 17th, Philippa Lawrence sold 10,530 shares of Freshworks stock. The shares were sold at an average price of $9.18, for a total value of $96,665.40.

Freshworks Stock Up 1.3%

Shares of FRSH stock traded up $0.17 during trading on Thursday, hitting $13.36. The company had a trading volume of 3,522,022 shares, compared to its average volume of 10,703,688. The stock’s 50-day moving average is $11.49 and its two-hundred day moving average is $9.55. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 11.22 and a beta of 0.89. Freshworks Inc. has a 52 week low of $6.79 and a 52 week high of $13.99.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $237.38 million during the quarter, compared to analyst estimates of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. Freshworks’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, research analysts predict that Freshworks Inc. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FRSH shares. Morgan Stanley lowered their price target on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. UBS Group upped their price objective on Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Robert W. Baird set a $13.00 price objective on Freshworks in a research report on Wednesday, August 5th. Cantor Fitzgerald raised their price objective on Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Freshworks from a “sell (d)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.17.

Hedge Funds Weigh In On Freshworks

A number of large investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new stake in Freshworks during the fourth quarter valued at about $26,000. IFP Advisors Inc increased its holdings in shares of Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after buying an additional 1,948 shares during the period. Nykredit A S purchased a new position in shares of Freshworks in the second quarter worth about $28,000. Cullen Frost Bankers Inc. bought a new stake in shares of Freshworks in the 4th quarter valued at about $36,000. Finally, Allworth Financial LP boosted its holdings in Freshworks by 479.9% during the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock valued at $39,000 after acquiring an additional 2,649 shares during the period. Hedge funds and other 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.