Inlight Wealth Management LLC Makes New Investment in Freshworks Inc. $FRSH

Inlight Wealth Management LLC acquired a new stake in shares of Freshworks Inc. (NASDAQ:FRSH) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 118,886 shares of the company’s stock, valued at approximately $1,773,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP purchased a new position in Freshworks during the 1st quarter valued at about $48,813,000. Nuveen LLC bought a new position in shares of Freshworks during the first quarter valued at approximately $35,129,000. Driehaus Capital Management LLC purchased a new position in shares of Freshworks during the first quarter valued at approximately $34,231,000. Vanguard Group Inc. boosted its position in shares of Freshworks by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 26,189,892 shares of the company’s stock worth $369,539,000 after purchasing an additional 1,126,013 shares in the last quarter. Finally, WCM Investment Management LLC bought a new stake in shares of Freshworks in the 1st quarter worth approximately $13,426,000. 75.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FRSH has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Freshworks in a research report on Friday, September 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Freshworks in a report on Saturday, September 27th. Wells Fargo & Company began coverage on Freshworks in a research report on Tuesday, September 30th. They issued an “equal weight” rating and a $13.00 price target for the company. JMP Securities reissued a “market outperform” rating and set a $27.00 price objective on shares of Freshworks in a research report on Friday, September 12th. Finally, Zacks Research raised shares of Freshworks from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.07.

Freshworks Stock Performance

Shares of Freshworks stock opened at $11.32 on Monday. Freshworks Inc. has a fifty-two week low of $10.81 and a fifty-two week high of $19.77. The company has a market capitalization of $3.30 billion, a P/E ratio of -62.89 and a beta of 0.91. The company has a fifty day moving average of $12.95 and a 200 day moving average of $13.94.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. Freshworks had a negative return on equity of 2.56% and a negative net margin of 7.02%.The business had revenue of $204.68 million for the quarter, compared to the consensus estimate of $198.85 million. During the same period in the previous year, the business earned $0.08 earnings per share. The business’s revenue was up 19.6% on a year-over-year basis. Freshworks has set its FY 2025 guidance at 0.560-0.580 EPS. Q3 2025 guidance at 0.120-0.140 EPS. Analysts forecast that Freshworks Inc. will post -0.19 EPS for the current year.

Insider Activity at Freshworks

In other Freshworks news, CAO Philippa Lawrence sold 2,590 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $12.53, for a total transaction of $32,452.70. Following the completion of the transaction, the chief accounting officer owned 415,949 shares in the company, valued at $5,211,840.97. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jennifer H. Taylor sold 4,685 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $12.96, for a total value of $60,717.60. Following the sale, the director directly owned 44,218 shares in the company, valued at $573,065.28. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,148 shares of company stock valued at $591,559. Corporate insiders own 11.17% of the company’s stock.

About Freshworks

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.