State of Wyoming Cuts Stock Position in Freshworks Inc. $FRSH

State of Wyoming trimmed its stake in Freshworks Inc. (NASDAQ:FRSH) by 78.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,037 shares of the company’s stock after selling 53,800 shares during the quarter. State of Wyoming’s holdings in Freshworks were worth $121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tudor Investment Corp ET AL bought a new stake in Freshworks during the 3rd quarter valued at about $1,984,000. Vanguard Group Inc. lifted its stake in shares of Freshworks by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock worth $333,696,000 after buying an additional 922,549 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Freshworks by 80.7% in the first quarter. Principal Financial Group Inc. now owns 765,475 shares of the company’s stock worth $6,147,000 after buying an additional 341,947 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Freshworks by 136.7% during the fourth quarter. SG Americas Securities LLC now owns 110,351 shares of the company’s stock valued at $1,352,000 after buying an additional 63,731 shares during the last quarter. Finally, Inlight Wealth Management LLC increased its position in shares of Freshworks by 77.6% during the fourth quarter. Inlight Wealth Management LLC now owns 211,247 shares of the company’s stock valued at $2,588,000 after acquiring an additional 92,317 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors.

Freshworks Trading Up 0.8%

NASDAQ:FRSH opened at $11.35 on Friday. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $14.06. The company has a market cap of $3.14 billion, a PE ratio of 18.31 and a beta of 0.88. The company has a 50 day simple moving average of $9.98 and a two-hundred day simple moving average of $9.20.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $228.63 million during the quarter, compared to analyst estimates of $223.63 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts forecast that Freshworks Inc. will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FRSH has been the subject of a number of recent analyst reports. Guggenheim started coverage on shares of Freshworks in a report on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Zacks Research lowered Freshworks from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley lowered their price target on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Freshworks presently has an average rating of “Hold” and a consensus target price of $13.25.

Insider Activity at Freshworks

In other Freshworks news, CAO Philippa Lawrence sold 3,470 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $10.13, for a total value of $35,151.10. Following the transaction, the chief accounting officer directly owned 456,144 shares of the company’s stock, valued at approximately $4,620,738.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. 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 value of $69,091.92. Following the sale, the director owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. This represents a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 27,236 shares of company stock worth $270,331. 8.54% of the stock is owned by insiders.

About Freshworks

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.