Freshworks (NASDAQ:FRSH) CAO Philippa Lawrence Sells 3,470 Shares of Stock

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 3,470 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $10.13, for a total value of $35,151.10. Following the sale, the chief accounting officer directly owned 456,144 shares of the company’s stock, valued at $4,620,738.72. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.

Philippa Lawrence also recently made the following trade(s):

• On Wednesday, June 17th, Philippa Lawrence sold 10,530 shares of Freshworks stock. The shares were sold at an average price of $9.18, for a total transaction of $96,665.40.

Freshworks Stock Up 1.1%

Shares of NASDAQ FRSH opened at $10.28 on Tuesday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 16.65 and a beta of 0.88. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $15.47. The business’s 50 day moving average is $9.23 and its two-hundred day moving average is $9.38.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.63 million. During the same quarter last year, the company posted $0.18 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. Analysts anticipate that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Freshworks

Several hedge funds have recently added to or reduced their stakes in FRSH. IFP Advisors Inc raised its holdings in shares of Freshworks by 954.9% in 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 last quarter. Summit Securities Group LLC purchased a new stake in Freshworks during the 4th quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new position in Freshworks in the 4th quarter valued at about $36,000. Allworth Financial LP raised its stake in Freshworks by 479.9% in the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock valued at $39,000 after purchasing an additional 2,649 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Freshworks by 164.0% in the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock valued at $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.

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.