Empowered Funds LLC Makes New $1.82 Million Investment in Freshworks Inc. $FRSH

Posted by Brian Himes on Aug 7th, 2026

Empowered Funds LLC purchased a new stake in Freshworks Inc. (NASDAQ:FRSH – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 226,933 shares of the company’s stock, valued at approximately $1,822,000. Empowered Funds LLC owned 0.08% of Freshworks at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of FRSH. IFP Advisors Inc grew its holdings in Freshworks by 954.9% during the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after acquiring an additional 1,948 shares during the period. Summit Securities Group LLC purchased a new position in Freshworks in the fourth quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new stake in Freshworks in the fourth quarter valued at $36,000. Allworth Financial LP lifted its holdings in Freshworks by 479.9% in the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock valued at $39,000 after acquiring an additional 2,649 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of Freshworks by 164.0% during the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock worth $49,000 after purchasing an additional 3,824 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

More Freshworks News

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FRSH. Zacks Research cut shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Freshworks in a research note on Tuesday. Citigroup reissued a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Piper Sandler upped their target price on shares of Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group increased their target price 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 assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Freshworks has an average rating of “Hold” and an average price target of $14.17.

Read Our Latest Analysis on Freshworks

Freshworks Stock Performance

Freshworks stock opened at $11.59 on Friday. Freshworks Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $14.06. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 18.11 and a beta of 0.86. The stock’s fifty day moving average is $10.20 and its two-hundred day moving average is $9.19.

Freshworks (NASDAQ:FRSH – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The business had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. During the same quarter in the previous year, the company posted $0.18 EPS. The business’s revenue was up 16.0% on a year-over-year basis. 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 forecast that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling at Freshworks

In other news, Director Barry L. Padgett sold 6,618 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total value of $69,422.82. Following the sale, the director directly owned 47,270 shares in the company, valued at $495,862.30. This represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 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 sale, the director owned 62,673 shares in the company, valued at $654,306.12. This represents a 9.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 27,236 shares of company stock worth $270,331. 8.54% of the stock is owned by corporate insiders.

About Freshworks

(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.