Globeflex Capital L P Invests $620,000 in Freshworks Inc. $FRSH

Globeflex Capital L P bought a new stake in shares of Freshworks Inc. (NASDAQ:FRSH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 61,217 shares of the company’s stock, valued at approximately $620,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FRSH. Generation Investment Management LLP purchased a new stake in shares of Freshworks in the second quarter valued at approximately $6,392,000. Assenagon Asset Management S.A. acquired a new position in shares of Freshworks during the 2nd quarter worth approximately $2,565,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Freshworks by 403.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock valued at $11,596,000 after buying an additional 1,157,277 shares in the last quarter. Principal Financial Group Inc. lifted 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 buying an additional 341,947 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Freshworks by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock valued at $333,696,000 after acquiring an additional 922,549 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Freshworks Stock Performance

Shares of FRSH opened at $12.86 on Wednesday. Freshworks Inc. has a one year low of $6.79 and a one year high of $13.81. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 10.99 and a beta of 0.86. The stock has a 50 day moving average price of $10.96 and a 200 day moving average price of $9.33.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, analysts predict that Freshworks Inc. will post 0.04 earnings per share for the current year.

Insider Transactions at Freshworks

In other news, Director Barry L. Padgett sold 6,618 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total value of $69,422.82. Following the transaction, the director directly owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 3,470 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $10.13, for a total transaction of $35,151.10. Following the transaction, the chief accounting officer owned 456,144 shares in the company, valued at $4,620,738.72. The trade was a 0.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 27,236 shares of company stock valued at $270,331 over the last 90 days. 8.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FRSH has been the subject of several recent analyst reports. Wall Street Zen raised shares of Freshworks from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Piper Sandler lifted their target price on shares of Freshworks from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Guggenheim initiated coverage on shares of Freshworks in a research note on Wednesday, July 22nd. They set a “buy” rating and a $25.00 target price for the company. Finally, Citigroup restated a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

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.