Barry Padgett Sells 6,618 Shares of Freshworks (NASDAQ:FRSH) Stock

Freshworks Inc. (NASDAQ:FRSH) Director Barry Padgett sold 6,618 shares of Freshworks stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total value of $69,422.82. Following the sale, the director directly owned 47,270 shares of the company’s stock, valued at $495,862.30. This represents a 12.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Freshworks Price Performance

FRSH stock traded down $0.07 during mid-day trading on Thursday, hitting $10.34. 26,375,457 shares of the stock were exchanged, compared to its average volume of 10,638,896. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 16.68 and a beta of 0.88. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $15.47. The business has a fifty day moving average price of $9.13 and a 200 day moving average price of $9.43.

Freshworks (NASDAQ:FRSH) last issued its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) 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 business 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 firm earned $0.18 earnings per share. Freshworks’s revenue for the quarter was up 16.5% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, equities analysts forecast that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake 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 buying an additional 922,549 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Freshworks by 9.2% during the fourth quarter. Wellington Management Group LLP now owns 5,359,784 shares of the company’s stock valued at $65,657,000 after acquiring an additional 453,627 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Freshworks by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,126,112 shares of the company’s stock worth $62,805,000 after buying an additional 95,720 shares during the period. State Street Corp lifted its holdings in shares of Freshworks by 1.2% during the fourth quarter. State Street Corp now owns 4,904,684 shares of the company’s stock worth $60,082,000 after purchasing an additional 56,935 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Freshworks by 11.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,748,985 shares of the company’s stock worth $58,175,000 after buying an additional 478,473 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Oppenheimer lowered shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Finally, Zacks Research raised Freshworks from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.18.

About Freshworks

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.