Lavelle Capital LP Invests $1.22 Million in Freshworks Inc. $FRSH

Lavelle Capital LP bought a new position in shares of Freshworks Inc. (NASDAQ:FRSH) in the first quarter, HoldingsChannel reports. The fund bought 151,550 shares of the company’s stock, valued at approximately $1,217,000. Freshworks accounts for approximately 0.8% of Lavelle Capital LP’s portfolio, making the stock its 28th biggest position.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in 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 buying an additional 922,549 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Freshworks by 9.2% during the 4th quarter. Wellington Management Group LLP now owns 5,359,784 shares of the company’s stock worth $65,657,000 after acquiring an additional 453,627 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 95,720 shares during the last quarter. State Street Corp lifted its stake in 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 last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Freshworks by 11.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,748,985 shares of the company’s stock valued at $58,175,000 after purchasing an additional 478,473 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Insider Transactions at Freshworks

In related news, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction dated 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 owned 47,270 shares in the company, valued at $495,862.30. The trade was a 12.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 3,470 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $10.13, for a total value of $35,151.10. Following the sale, the chief accounting officer directly owned 456,144 shares of the company’s stock, valued at approximately $4,620,738.72. This represents a 0.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders sold 27,236 shares of company stock worth $270,331. Company insiders own 8.54% of the company’s stock.

Freshworks Price Performance

FRSH stock opened at $11.35 on Friday. The company has a fifty day moving average price of $9.98 and a 200 day moving average price of $9.20. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $14.06. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 18.31 and a beta of 0.88.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results 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 net margin of 20.69% and a return on equity of 4.27%. The firm had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.63 million. During the same quarter in the prior year, the business earned $0.18 EPS. Freshworks’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. As a group, analysts anticipate that Freshworks Inc. will post -0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on FRSH. Zacks Research lowered shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Guggenheim initiated coverage on shares of Freshworks in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 target price on the stock. Weiss Ratings lowered shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Citigroup reissued a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Freshworks presently has an average rating of “Hold” and an average price target of $13.25.

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.