First Trust Advisors LP Boosts Stake in Freshworks Inc. $FRSH

First Trust Advisors LP lifted its stake in shares of Freshworks Inc. (NASDAQ:FRSH) by 209.6% in the first quarter, HoldingsChannel.com reports. The fund owned 262,849 shares of the company’s stock after acquiring an additional 177,963 shares during the quarter. First Trust Advisors LP’s holdings in Freshworks were worth $2,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL bought a new stake in Freshworks during the third quarter worth about $1,984,000. Principal Financial Group Inc. increased its position in shares of Freshworks by 80.7% during the 1st quarter. Principal Financial Group Inc. now owns 765,475 shares of the company’s stock valued at $6,147,000 after purchasing an additional 341,947 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Freshworks by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock valued at $333,696,000 after purchasing an additional 922,549 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Freshworks by 12.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,168,094 shares of the company’s stock valued at $9,380,000 after buying an additional 132,443 shares in the last quarter. Finally, Inlight Wealth Management LLC raised its holdings 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 buying an additional 92,317 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Freshworks news, CAO Philippa Lawrence sold 10,530 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total value of $96,665.40. Following the sale, the chief accounting officer owned 465,823 shares of the company’s stock, valued at $4,276,255.14. This trade represents a 2.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer H. Taylor sold 6,618 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total transaction of $69,091.92. Following the completion of the transaction, the director owned 62,673 shares in the company, valued at $654,306.12. The trade was a 9.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,236 shares of company stock valued at $270,331 over the last three months. 8.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Cantor Fitzgerald boosted their target price on Freshworks from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Freshworks in a research report on Tuesday. Guggenheim began coverage on shares of Freshworks in a research note on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price target on the stock. Wall Street Zen upgraded shares of Freshworks from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued 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 stock has a consensus rating of “Hold” and a consensus price target of $14.17.

Freshworks Price Performance

Shares of FRSH stock opened at $11.83 on Friday. The stock has a market capitalization of $3.27 billion, a PE ratio of 18.48 and a beta of 0.86. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $14.06. The business has a 50-day moving average of $10.24 and a 200 day moving average of $9.20.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The business had revenue of $237.38 million for the quarter, compared to analysts’ expectations of $233.62 million. During the same period in the previous year, the firm earned $0.18 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. Analysts anticipate that Freshworks Inc. will post -0.01 EPS for the current year.

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.