Mika Yamamoto Sells 32,577 Shares of Freshworks (NASDAQ:FRSH) Stock

Freshworks Inc. (NASDAQ:FRSH) insider Mika Yamamoto sold 32,577 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total value of $275,275.65. Following the completion of the transaction, the insider directly owned 1,127,723 shares in the company, valued at $9,529,259.35. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Mika Yamamoto also recently made the following trade(s):

• On Friday, December 5th, Mika Yamamoto sold 15,012 shares of Freshworks stock. The stock was sold at an average price of $13.00, for a total value of $195,156.00.

Freshworks Price Performance

Shares of FRSH stock opened at $8.63 on Friday. The stock has a market cap of $2.43 billion, a PE ratio of 13.48 and a beta of 0.93. The stock has a 50-day moving average of $9.87 and a 200-day moving average of $11.39. Freshworks Inc. has a one year low of $6.79 and a one year high of $16.48.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $222.74 million for the quarter, compared to analyst estimates of $218.76 million. Freshworks had a net margin of 21.90% and a return on equity of 4.69%. Freshworks’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. As a group, research analysts anticipate that Freshworks Inc. will post -0.19 earnings per share for the current year.

Institutional Investors Weigh In On Freshworks

A number of hedge funds and other institutional investors have recently made changes to their positions in FRSH. Balyasny Asset Management L.P. bought a new stake in Freshworks during the 4th quarter worth about $31,967,000. Norges Bank bought a new position in shares of Freshworks in the 4th quarter valued at about $31,873,000. Eminence Capital LP increased its position in shares of Freshworks by 39.4% in the second quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock valued at $109,359,000 after acquiring an additional 2,074,641 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in Freshworks by 1,528.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock worth $20,933,000 after acquiring an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Freshworks by 132.6% during the third quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock worth $32,840,000 after acquiring an additional 1,590,384 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FRSH has been the subject of several research analyst reports. Oppenheimer set a $15.00 price target on shares of Freshworks in a report on Wednesday, February 11th. Piper Sandler reduced their target price on Freshworks from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Jefferies Financial Group cut Freshworks from a “buy” rating to a “hold” rating and decreased their target price for the company from $20.00 to $8.00 in a research note on Monday, February 23rd. Wells Fargo & Company lowered their price target on Freshworks from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. Finally, Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.92.

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.