Freshworks Inc. $FRSH Holdings Raised by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its stake in shares of Freshworks Inc. (NASDAQ:FRSH) by 33.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 487,170 shares of the company’s stock after purchasing an additional 121,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in Freshworks were worth $5,734,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FRSH. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Freshworks during the second quarter worth $25,000. Rothschild Investment LLC increased its position in Freshworks by 560.0% in the 3rd quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock worth $27,000 after purchasing an additional 1,932 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Freshworks in the 3rd quarter worth about $27,000. SBI Securities Co. Ltd. raised its stake in shares of Freshworks by 136.2% during the 3rd 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 in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Freshworks by 427.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock valued at $67,000 after buying an additional 3,630 shares during the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on FRSH. Piper Sandler cut their price objective on shares of Freshworks from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Oppenheimer set a $15.00 price target on shares of Freshworks in a research note on Wednesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th. Wall Street Zen cut shares of Freshworks from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Finally, Citizens Jmp lowered their target price on shares of Freshworks from $27.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.92.

Insider Activity at Freshworks

In related news, insider Mika Yamamoto sold 15,012 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $13.00, for a total transaction of $195,156.00. Following the completion of the sale, the insider owned 490,350 shares in the company, valued at $6,374,550. This represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Philippa Lawrence sold 5,846 shares of Freshworks stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $12.06, for a total value of $70,502.76. Following the completion of the transaction, the chief accounting officer directly owned 392,711 shares in the company, valued at approximately $4,736,094.66. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 21,623 shares of company stock valued at $274,540. 11.17% of the stock is owned by corporate insiders.

Freshworks Trading Down 2.2%

NASDAQ:FRSH opened at $7.46 on Friday. The firm has a market capitalization of $2.10 billion, a PE ratio of 11.66 and a beta of 0.89. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $18.02. The firm’s fifty day simple moving average is $10.77 and its 200 day simple moving average is $11.73.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results 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. The company had revenue of $222.74 million during the quarter, compared to analysts’ expectations of $218.76 million. Freshworks had a net margin of 21.90% and a return on equity of 4.77%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. 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, analysts anticipate that Freshworks Inc. will post -0.19 EPS for the current fiscal year.

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.