Principal Financial Group Inc. Purchases 341,947 Shares of Freshworks Inc. $FRSH

Principal Financial Group Inc. grew its holdings in shares of Freshworks Inc. (NASDAQ:FRSH) by 80.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 765,475 shares of the company’s stock after purchasing an additional 341,947 shares during the quarter. Principal Financial Group Inc.’s holdings in Freshworks were worth $6,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FRSH. Tudor Investment Corp ET AL purchased a new stake in Freshworks during the third quarter valued at approximately $1,984,000. Vanguard Group Inc. raised its position in Freshworks by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock worth $333,696,000 after acquiring an additional 922,549 shares during the period. SG Americas Securities LLC boosted its stake in shares of Freshworks by 136.7% during the 4th quarter. SG Americas Securities LLC now owns 110,351 shares of the company’s stock worth $1,352,000 after acquiring an additional 63,731 shares during the last quarter. Inlight Wealth Management LLC grew its position in shares of Freshworks by 77.6% during the 4th quarter. Inlight Wealth Management LLC now owns 211,247 shares of the company’s stock valued at $2,588,000 after acquiring an additional 92,317 shares during the period. Finally, CWM LLC grew its position in shares of Freshworks by 342.0% during the 4th quarter. CWM LLC now owns 124,580 shares of the company’s stock valued at $1,526,000 after acquiring an additional 96,395 shares during the period. Institutional investors own 75.58% of the company’s stock.

Freshworks Stock Up 5.4%

NASDAQ:FRSH opened at $10.82 on Tuesday. The business’s 50-day simple moving average is $9.80 and its two-hundred day simple moving average is $9.19. Freshworks Inc. has a 52 week low of $6.79 and a 52 week high of $14.36. The stock has a market cap of $2.99 billion, a PE ratio of 17.45 and a beta of 0.88.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The firm had revenue of $228.63 million during the quarter, compared to analyst estimates of $223.63 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The business’s quarterly 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. Sell-side analysts anticipate that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. The trade was a 12.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total value of $69,091.92. Following the completion of the transaction, the director owned 62,673 shares of the company’s stock, valued at $654,306.12. The trade was a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 27,236 shares of company stock valued at $270,331. Corporate insiders own 8.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on FRSH shares. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Wall Street Zen cut Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Guggenheim began coverage on Freshworks in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price objective on the stock. Zacks Research cut Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Morgan Stanley cut their price objective on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. One 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 given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.25.

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.