Hillsdale Investment Management Inc. Has $1.62 Million Stock Position in Freshworks Inc. $FRSH

Hillsdale Investment Management Inc. trimmed its position in Freshworks Inc. (NASDAQ:FRSH) by 72.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,070 shares of the company’s stock after selling 355,100 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Freshworks were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Amundi lifted its stake in shares of Freshworks by 1.3% in the first quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after buying an additional 1,040 shares during the last quarter. Inceptionr LLC lifted its stake in shares of Freshworks by 3.6% in the third quarter. Inceptionr LLC now owns 33,583 shares of the company’s stock worth $395,000 after buying an additional 1,174 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Freshworks by 1.6% in the third quarter. Teacher Retirement System of Texas now owns 97,787 shares of the company’s stock worth $1,151,000 after buying an additional 1,578 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Freshworks by 136.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock worth $32,000 after buying an additional 1,583 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its stake in shares of Freshworks by 4.1% in the fourth quarter. Moody National Bank Trust Division now owns 46,695 shares of the company’s stock worth $572,000 after buying an additional 1,823 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Mika Yamamoto sold 32,577 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the transaction, the insider directly owned 1,127,723 shares in the company, valued at $9,529,259.35. This represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FRSH. UBS Group set a $11.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th. Cantor Fitzgerald reduced their price objective on shares of Freshworks from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Jefferies Financial Group cut shares of Freshworks from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $20.00 to $8.00 in a research note on Monday, February 23rd. Piper Sandler cut their target price on shares of Freshworks from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Finally, Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.18.

Freshworks Price Performance

NASDAQ:FRSH opened at $9.71 on Monday. The stock has a market cap of $2.68 billion, a P/E ratio of 15.66 and a beta of 0.89. Freshworks Inc. has a one year low of $6.79 and a one year high of $16.05. The company has a fifty day moving average price of $8.48 and a 200 day moving average price of $9.86.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.64 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The business’s quarterly revenue was up 16.5% 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 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, equities research analysts anticipate that Freshworks Inc. will post -0.02 EPS for the current 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.