Freshworks Inc. $FRSH Shares Acquired by Topline Capital Management LLC

Topline Capital Management LLC boosted its stake in Freshworks Inc. (NASDAQ:FRSH) by 43.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,765,000 shares of the company’s stock after buying an additional 831,787 shares during the period. Freshworks accounts for 5.6% of Topline Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Topline Capital Management LLC owned about 0.95% of Freshworks worth $32,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Eminence Capital LP lifted its stake in shares of Freshworks by 39.4% in the 2nd quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock worth $109,359,000 after acquiring an additional 2,074,641 shares during the period. Wellington Management Group LLP increased its stake in shares of Freshworks by 9.5% during the third quarter. Wellington Management Group LLP now owns 4,906,157 shares of the company’s stock valued at $57,745,000 after acquiring an additional 424,866 shares during the period. Geode Capital Management LLC raised its holdings in Freshworks by 1.6% during the second quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock worth $72,414,000 after purchasing an additional 75,688 shares in the last quarter. State Street Corp raised its holdings in Freshworks by 2.1% during the second quarter. State Street Corp now owns 4,850,487 shares of the company’s stock worth $72,321,000 after purchasing an additional 101,132 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Freshworks by 8.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,316,920 shares of the company’s stock worth $39,052,000 after purchasing an additional 260,078 shares during the period. Institutional investors and hedge funds own 75.58% of the company’s stock.

Freshworks Trading Up 2.3%

Shares of FRSH stock opened at $8.13 on Friday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 12.70 and a beta of 0.93. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $16.48. The stock’s fifty day simple moving average is $9.46 and its 200-day simple moving average is $11.20.

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

Insider Activity at Freshworks

In related news, insider Mika Yamamoto sold 32,577 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the sale, the insider directly owned 1,127,723 shares in the company, valued at approximately $9,529,259.35. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FRSH shares. Piper Sandler lowered their price target on Freshworks from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Freshworks in a report on Wednesday, February 11th. UBS Group set a $11.00 target price on Freshworks in a research note on Wednesday, February 11th. Citigroup reaffirmed an “outperform” rating on shares of Freshworks in a report on Wednesday, February 11th. Finally, Jefferies Financial Group cut shares of Freshworks from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.00 to $8.00 in a research report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.92.

Freshworks 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.