Freshworks Inc. $FRSH Shares Sold by Strs Ohio

Strs Ohio decreased its holdings in shares of Freshworks Inc. (NASDAQ:FRSH) by 86.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,200 shares of the company’s stock after selling 66,400 shares during the period. Strs Ohio’s holdings in Freshworks were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Clark Capital Management Group Inc. raised its position in Freshworks by 82.3% in the third quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock worth $8,788,000 after acquiring an additional 337,138 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Freshworks during the 3rd quarter worth $1,984,000. Vanguard Group Inc. grew its stake in shares of Freshworks by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock worth $333,696,000 after purchasing an additional 922,549 shares during the period. SG Americas Securities LLC increased its holdings in shares of Freshworks by 136.7% in the 4th quarter. SG Americas Securities LLC now owns 110,351 shares of the company’s stock valued at $1,352,000 after purchasing an additional 63,731 shares in the last quarter. Finally, Inlight Wealth Management LLC increased its holdings in shares of Freshworks by 77.6% in the 4th quarter. Inlight Wealth Management LLC now owns 211,247 shares of the company’s stock valued at $2,588,000 after purchasing an additional 92,317 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Freshworks Stock Performance

FRSH stock opened at $10.83 on Tuesday. The stock’s 50 day moving average price is $9.44 and its 200 day moving average price is $9.30. The firm has a market cap of $2.99 billion, a P/E ratio of 17.47 and a beta of 0.88. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $15.06.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The company had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.63 million. During the same quarter last year, the business posted $0.18 earnings per share. Freshworks’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. On average, research analysts predict that Freshworks Inc. will post -0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CAO Philippa Lawrence sold 3,470 shares of Freshworks stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $10.13, for a total transaction of $35,151.10. Following the completion of the sale, the chief accounting officer directly owned 456,144 shares in the company, 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 filing with the SEC, which is available through the SEC website. 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. Also, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. This represents a 12.28% 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. In the last quarter, insiders sold 27,236 shares of company stock worth $270,331. 8.54% of the stock is owned by corporate insiders.

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.