Jennifer Taylor Sells 6,618 Shares of Freshworks (NASDAQ:FRSH) Stock

Freshworks Inc. (NASDAQ:FRSH) Director Jennifer Taylor sold 6,618 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the sale, the director directly owned 62,673 shares in the company, valued at approximately $654,306.12. The trade was a 9.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Freshworks Price Performance

NASDAQ FRSH opened at $10.34 on Friday. The company has a fifty day moving average of $9.19 and a two-hundred day moving average of $9.41. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $15.47. The company has a market capitalization of $2.86 billion, a PE ratio of 16.68 and a beta of 0.88.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The company had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.63 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. On average, research analysts expect that Freshworks Inc. will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FRSH. Royal Bank of Canada raised its stake in shares of Freshworks by 120.8% in the 1st quarter. Royal Bank of Canada now owns 21,388 shares of the company’s stock valued at $302,000 after acquiring an additional 11,703 shares during the period. Amundi raised its position in shares of Freshworks by 1.3% in the 1st quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after purchasing an additional 1,040 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Freshworks by 35.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock valued at $31,396,000 after acquiring an additional 578,628 shares during the last quarter. Woodline Partners LP lifted its position in shares of Freshworks by 13.5% during the first quarter. Woodline Partners LP now owns 21,569 shares of the company’s stock worth $304,000 after purchasing an additional 2,571 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in Freshworks by 20.2% during the 1st quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock worth $175,000 after buying an additional 2,086 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley cut their price objective on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Zacks Research raised Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Oppenheimer cut shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Weiss Ratings cut Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report 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, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.18.

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.