Freshworks (NASDAQ:FRSH) CAO Sells $35,151.10 in Stock

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 3,470 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $10.13, for a total value of $35,151.10. Following the sale, the chief accounting officer owned 456,144 shares of the company’s stock, valued at approximately $4,620,738.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 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 Price Performance

Shares of NASDAQ:FRSH opened at $10.17 on Thursday. The business’s 50 day moving average price is $9.31 and its 200-day moving average price is $9.35. The firm has a market capitalization of $2.81 billion, a PE ratio of 16.40 and a beta of 0.88. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $15.47.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.63 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, analysts expect that Freshworks Inc. will post -0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Oppenheimer lowered shares of Freshworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 19th. Morgan Stanley lowered their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings lowered Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.18.

Institutional Investors Weigh In On Freshworks

Several hedge funds and other institutional investors have recently bought and sold shares of FRSH. IFP Advisors Inc boosted its holdings in Freshworks by 954.9% in the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after purchasing an additional 1,948 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Freshworks during the 4th quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Freshworks during the 4th quarter valued at approximately $36,000. Allworth Financial LP lifted its holdings in Freshworks by 479.9% in the fourth 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 last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Freshworks by 164.0% in the first quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock valued at $49,000 after acquiring an additional 3,824 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

About Freshworks

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.