Jupiter Asset Management Ltd. Purchases 1,603,887 Shares of Freshworks Inc. $FRSH

Jupiter Asset Management Ltd. grew its position in shares of Freshworks Inc. (NASDAQ:FRSH) by 1,528.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,708,811 shares of the company’s stock after acquiring an additional 1,603,887 shares during the period. Jupiter Asset Management Ltd. owned about 0.61% of Freshworks worth $20,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Freshworks by 954.9% during the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after acquiring an additional 1,948 shares during the last quarter. Rothschild Investment LLC raised its stake in Freshworks by 560.0% in the third quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock worth $27,000 after buying an additional 1,932 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in 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 in the last quarter. Cullen Frost Bankers Inc. bought a new position in Freshworks in the fourth quarter worth about $36,000. Finally, Allworth Financial LP raised its stake in Freshworks by 479.9% in the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after buying an additional 2,649 shares in the last quarter. 75.58% of the stock is owned by institutional investors.

Insider Buying and Selling at Freshworks

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the firm’s stock in a transaction that occurred 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 owned 1,127,723 shares of the company’s stock, valued at approximately $9,529,259.35. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.54% of the company’s stock.

Freshworks Stock Performance

Shares of NASDAQ FRSH opened at $9.71 on Friday. Freshworks Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $16.05. The company has a 50 day simple moving average of $8.48 and a two-hundred day simple moving average of $9.87. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 15.66 and a beta of 0.83.

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. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The business had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.64 million. During the same quarter last year, the firm earned $0.18 earnings per share. The business’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, analysts forecast that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on FRSH. Oppenheimer downgraded shares of Freshworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 19th. Zacks Research raised shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Morgan Stanley decreased their price target on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Robert W. Baird set a $10.00 price target on shares of Freshworks in a research note on Wednesday, February 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Freshworks in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Freshworks has an average rating of “Hold” and a consensus target price of $12.18.

Freshworks 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.