Wellington Management Group LLP Has $40.48 Million Stock Holdings in Freshworks Inc. $FRSH

Wellington Management Group LLP raised its position in Freshworks Inc. (NASDAQ:FRSH) by 9.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,000,543 shares of the company’s stock after buying an additional 353,714 shares during the period. Wellington Management Group LLP owned about 1.53% of Freshworks worth $40,485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in shares of Freshworks by 954.9% during the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after acquiring an additional 1,948 shares during the period. Summit Securities Group LLC acquired a new stake in Freshworks in the fourth quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new stake in Freshworks in the fourth quarter worth about $36,000. Allworth Financial LP raised its holdings in Freshworks by 479.9% during the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after purchasing an additional 2,649 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Freshworks by 164.0% during 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 during the period. 75.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Barry L. Padgett sold 6,618 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total transaction of $69,422.82. Following the completion of the sale, the director owned 47,270 shares of the company’s stock, valued at $495,862.30. This represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the sale, the director owned 62,673 shares in the company, valued at approximately $654,306.12. The trade was a 9.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 80,003 shares of company stock worth $969,494. Company insiders own 8.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FRSH. Wall Street Zen raised shares of Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Freshworks from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Cantor Fitzgerald upped their target price on shares of Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $13.00 price target on Freshworks in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

Freshworks Trading Down 4.7%

FRSH stock opened at $12.73 on Friday. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $13.99. The firm has a market cap of $3.32 billion, a PE ratio of 19.89, a P/E/G ratio of 11.13 and a beta of 0.89. The business’s 50-day moving average price is $11.63 and its two-hundred day moving average price is $9.61.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The company had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. During the same quarter last year, the firm posted $0.18 earnings per share. Freshworks’s revenue was up 16.0% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, analysts forecast that Freshworks Inc. will post 0.04 earnings per share for the current year.

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.