UBS Group AG cut its position in shares of Freshworks Inc. (NASDAQ:FRSH – Free Report) by 46.5% in the fourth quarter, Holdings Channel reports. The firm owned 300,326 shares of the company’s stock after selling 261,547 shares during the period. UBS Group AG’s holdings in Freshworks were worth $3,679,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC raised its stake in shares of Freshworks by 560.0% during 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 in the last quarter. 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. Aster Capital Management DIFC Ltd purchased a new stake in shares of Freshworks during the 3rd quarter worth about $67,000. EverSource Wealth Advisors LLC raised its stake 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 worth $67,000 after purchasing an additional 3,630 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Freshworks by 25.0% during the 3rd quarter. Covestor Ltd now owns 7,393 shares of the company’s stock worth $87,000 after purchasing an additional 1,479 shares in the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Piper Sandler cut their price target on Freshworks from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. UBS Group set a $11.00 price target on Freshworks in a research note on Wednesday, February 11th. Zacks Research raised Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Wells Fargo & Company cut their price target on Freshworks from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Finally, Citizens Jmp cut their price target on Freshworks from $27.00 to $16.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.18.
Freshworks Stock Up 0.1%
FRSH opened at $9.08 on Friday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 14.65 and a beta of 0.83. The stock’s 50 day moving average price is $8.37 and its two-hundred day moving average price is $9.94. Freshworks Inc. has a 12-month low of $6.79 and a 12-month high of $16.05.
Freshworks (NASDAQ:FRSH – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.64 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, analysts anticipate that Freshworks Inc. will post -0.02 earnings per share for the current year.
Insider Transactions at Freshworks
In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total value of $275,275.65. Following the sale, the insider owned 1,127,723 shares of the company’s stock, valued at $9,529,259.35. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.54% of the stock is owned by company insiders.
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.
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