Freshworks Inc. (NASDAQ:FRSH – Get Free Report) dropped 5.7% on Wednesday . The company traded as low as $10.02 and last traded at $10.0820. Approximately 666,899 shares changed hands during trading, a decline of 94% from the average daily volume of 11,337,360 shares. The stock had previously closed at $10.69.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Citigroup reissued a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Morgan Stanley lowered their target price on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Freshworks presently has a consensus rating of “Hold” and a consensus target price of $12.18.
View Our Latest Stock Report on FRSH
Freshworks Trading Down 6.2%
Freshworks (NASDAQ:FRSH – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The firm had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.63 million. During the same quarter in the prior year, the company earned $0.18 EPS. Freshworks’s revenue was up 16.5% on a year-over-year basis. 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, research analysts anticipate that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.
Insider Transactions at Freshworks
In other news, CAO Philippa Lawrence sold 3,470 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $10.13, for a total transaction 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 represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, Director Jennifer H. Taylor sold 6,618 shares of Freshworks stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total transaction of $69,091.92. Following the completion of the transaction, the director owned 62,673 shares of the company’s stock, valued at $654,306.12. This trade represents a 9.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 27,236 shares of company stock valued at $270,331. 8.54% of the stock is currently owned by corporate insiders.
Institutional Trading of Freshworks
Several hedge funds have recently modified their holdings of FRSH. Tudor Investment Corp ET AL purchased a new stake in Freshworks during the 3rd quarter worth about $1,984,000. Vanguard Group Inc. boosted its stake in shares of Freshworks by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock valued at $333,696,000 after buying an additional 922,549 shares during the period. SG Americas Securities LLC grew its position in shares of Freshworks by 136.7% during the fourth quarter. SG Americas Securities LLC now owns 110,351 shares of the company’s stock worth $1,352,000 after buying an additional 63,731 shares in the last quarter. Inlight Wealth Management LLC grew its position in shares of Freshworks by 77.6% during the fourth quarter. Inlight Wealth Management LLC now owns 211,247 shares of the company’s stock worth $2,588,000 after buying an additional 92,317 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Freshworks by 342.0% during the fourth quarter. CWM LLC now owns 124,580 shares of the company’s stock worth $1,526,000 after buying an additional 96,395 shares during the period. 75.58% of the stock is currently owned by institutional investors and hedge funds.
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.
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