Freshworks (NASDAQ:FRSH) Director Barry Padgett Sells 6,618 Shares

Posted by Brenda Bartman on Jul 3rd, 2026

Freshworks Inc. (NASDAQ:FRSH – Get Free Report) Director Barry 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 completion of the transaction, the director owned 47,270 shares in the company, valued at $495,862.30. This represents a 12.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Freshworks Stock Down 0.7%

Shares of NASDAQ FRSH opened at $10.34 on Friday. Freshworks Inc. has a 52 week low of $6.79 and a 52 week high of $15.47. The firm’s fifty day moving average is $9.16 and its 200 day moving average is $9.41. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 16.68 and a beta of 0.88.

Freshworks (NASDAQ:FRSH – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.63 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Equities research analysts anticipate that Freshworks Inc. will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

FRSH has been the topic of several recent analyst reports. Morgan Stanley cut their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Weiss Ratings cut Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Wall Street Zen cut Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Oppenheimer cut shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Freshworks has an average rating of “Hold” and a consensus target price of $12.18.

Check Out Our Latest Analysis on FRSH

Hedge Funds Weigh In On Freshworks

Several large investors have recently made changes to their positions in FRSH. Clark Capital Management Group Inc. raised its stake in Freshworks by 82.3% during the third quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock valued at $8,788,000 after buying an additional 337,138 shares during the last quarter. Newlands Management Operations LLC purchased a new stake in shares of Freshworks in the third quarter worth $5,410,000. Tudor Investment Corp ET AL purchased a new stake in shares of Freshworks in the third quarter worth $1,984,000. Topline Capital Management LLC increased its holdings in shares of Freshworks by 43.0% during the third quarter. Topline Capital Management LLC now owns 2,765,000 shares of the company’s stock valued at $32,544,000 after acquiring an additional 831,787 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of Freshworks by 166.3% during the third quarter. Quantbot Technologies LP now owns 222,291 shares of the company’s stock valued at $2,616,000 after acquiring an additional 138,802 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Freshworks Company Profile

(Get Free Report)

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.