Dimensional Fund Advisors LP lessened its holdings in shares of Freshworks Inc. (NASDAQ:FRSH – Free Report) by 16.3% during the 1st quarter, HoldingsChannel reports. The firm owned 2,596,993 shares of the company’s stock after selling 506,530 shares during the period. Dimensional Fund Advisors LP’s holdings in Freshworks were worth $20,854,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Balyasny Asset Management L.P. acquired a new stake in shares of Freshworks in the fourth quarter valued at about $31,967,000. Norges Bank purchased a new stake in Freshworks during the 4th quarter valued at about $31,873,000. Jupiter Asset Management Ltd. grew its stake in Freshworks by 1,528.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock valued at $20,933,000 after acquiring an additional 1,603,887 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Freshworks by 132.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock valued at $32,840,000 after acquiring an additional 1,590,384 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Freshworks by 345.1% in the 2nd quarter. Squarepoint Ops LLC now owns 1,835,798 shares of the company’s stock valued at $27,372,000 after acquiring an additional 1,423,391 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on FRSH. Cantor Fitzgerald boosted their target price on Freshworks from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Research lowered Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Freshworks in a research report on Tuesday. Finally, UBS Group upped their price objective on shares of Freshworks from $11.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.17.
Insiders Place Their Bets
In related news, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total value of $69,422.82. Following the sale, the director owned 47,270 shares in the company, valued at approximately $495,862.30. The trade was a 12.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total value of $69,091.92. Following the transaction, the director directly owned 62,673 shares in the company, valued at approximately $654,306.12. The trade was 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. Insiders have sold 27,236 shares of company stock worth $270,331 over the last ninety days. Corporate insiders own 8.54% of the company’s stock.
Freshworks Price Performance
Shares of FRSH opened at $11.59 on Friday. The firm has a 50-day simple moving average of $10.20 and a two-hundred day simple moving average of $9.19. The stock has a market cap of $3.20 billion, a PE ratio of 18.11 and a beta of 0.86. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $14.06.
Freshworks (NASDAQ:FRSH – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. As a group, sell-side analysts expect that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.
Freshworks News Roundup
Here are the key news stories impacting Freshworks this week:
- Positive Sentiment: Freshworks raised its 2026 outlook after reporting Q2 adjusted EPS of $0.17 versus the $0.13 consensus estimate and revenue of $237.38 million, up 16% year over year and above expectations. Management cited AI adoption and sustained demand, while targeting approximately $963.5 million-$966.5 million in 2026 revenue and continued GAAP profitability. Freshworks Is Up After Raising 2026 Outlook
- Positive Sentiment: The company’s employee-experience business remains a key growth driver: EX annual recurring revenue increased about 22%-23% year over year to $567 million and now represents roughly 60% of total ARR. Analysts also highlighted strong cash flow, profitability and potential for further AI monetization. FRSH Q2 Earnings Call Highlights
- Positive Sentiment: Freshservice received FedRAMP “In Process” status for Moderate certification, putting its AI-powered service-operations platform on the federal marketplace and improving its prospects in the U.S. government technology market. Freshworks Achieves FedRAMP In-Process Designation
- Positive Sentiment: Cantor Fitzgerald raised its FRSH price target to $15 from $12 and maintained an overweight rating, reinforcing the bullish reaction to the earnings update. Cantor Fitzgerald Price Target
- Neutral Sentiment: Piper Sandler increased its target to $12 from $10 but kept a neutral rating, suggesting some analysts still see limited near-term upside at the current valuation. Freshworks will also participate in Oppenheimer’s technology conference, which may provide additional investor commentary but is not itself a financial result. Piper Sandler Price Target Freshworks Oppenheimer Conference
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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