Nordea Investment Management AB Takes Position in Freshworks Inc. $FRSH

Nordea Investment Management AB acquired a new stake in shares of Freshworks Inc. (NASDAQ:FRSH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 426,395 shares of the company’s stock, valued at approximately $5,083,000.

Several other hedge funds also recently made changes to their positions in FRSH. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Freshworks during the second quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of Freshworks in the third quarter valued at $27,000. EverSource Wealth Advisors LLC lifted its position in shares of Freshworks by 427.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock valued at $67,000 after acquiring an additional 3,630 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Freshworks by 55.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,064 shares of the company’s stock worth $90,000 after acquiring an additional 2,155 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Freshworks in the 3rd quarter worth $140,000. Institutional investors and hedge funds own 75.58% of the company’s stock.

Wall Street Analyst Weigh In

FRSH has been the subject of several analyst reports. Canaccord Genuity Group reduced their target price on Freshworks from $23.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Wall Street Zen lowered shares of Freshworks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Freshworks in a research report on Wednesday, October 8th. UBS Group restated a “buy” rating and issued a $17.00 price target on shares of Freshworks in a research report on Friday, November 14th. Finally, Wells Fargo & Company assumed coverage on shares of Freshworks in a research report on Tuesday, September 30th. They set an “equal weight” rating and a $13.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Freshworks currently has an average rating of “Hold” and an average price target of $19.23.

Insider Buying and Selling at Freshworks

In other news, CAO Philippa Lawrence sold 5,846 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $12.06, for a total transaction of $70,502.76. Following the transaction, the chief accounting officer owned 392,711 shares in the company, valued at $4,736,094.66. This represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mika Yamamoto sold 15,012 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $13.00, for a total transaction of $195,156.00. Following the transaction, the insider owned 490,350 shares in the company, valued at $6,374,550. This represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 22,267 shares of company stock valued at $282,301. 11.17% of the stock is currently owned by insiders.

Freshworks Trading Down 2.2%

FRSH opened at $11.09 on Friday. The stock has a fifty day moving average price of $12.16 and a 200 day moving average price of $12.57. Freshworks Inc. has a 1 year low of $10.51 and a 1 year high of $19.77. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of -110.89 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $215.12 million during the quarter, compared to the consensus estimate of $208.80 million. Freshworks had a negative return on equity of 0.37% and a negative net margin of 3.65%.The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. As a group, sell-side analysts forecast that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

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.