Freshworks Inc. $FRSH Stock Holdings Lifted by Gagnon Advisors LLC

Gagnon Advisors LLC boosted its holdings in shares of Freshworks Inc. (NASDAQ:FRSH) by 140.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,129,758 shares of the company’s stock after buying an additional 659,324 shares during the period. Freshworks makes up 8.2% of Gagnon Advisors LLC’s holdings, making the stock its 3rd largest position. Gagnon Advisors LLC’s holdings in Freshworks were worth $13,297,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Freshworks during the second quarter worth about $25,000. Meeder Asset Management Inc. acquired a new stake in Freshworks in the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its position in Freshworks by 427.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock worth $67,000 after purchasing an additional 3,630 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Freshworks by 55.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,064 shares of the company’s stock valued at $90,000 after purchasing an additional 2,155 shares in the last quarter. Finally, Covestor Ltd increased its stake in Freshworks by 25.0% during the 3rd quarter. Covestor Ltd now owns 7,393 shares of the company’s stock valued at $87,000 after purchasing an additional 1,479 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Freshworks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. 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 research note on Thursday, November 6th. Zacks Research downgraded Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Cantor Fitzgerald reissued an “overweight” rating on shares of Freshworks in a report on Tuesday, January 20th. Finally, Piper Sandler reduced their price objective on Freshworks from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.15.

Insider Activity

In other news, insider Tyler Sloat acquired 171,615 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was bought at an average price of $11.62 per share, with a total value of $1,994,166.30. Following the completion of the acquisition, the insider owned 1,149,244 shares of the company’s stock, valued at approximately $13,354,215.28. This represents a 17.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Philippa Lawrence sold 5,846 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $12.06, for a total transaction of $70,502.76. Following the sale, the chief accounting officer directly owned 392,711 shares in the company, valued at approximately $4,736,094.66. The trade was a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 22,267 shares of company stock valued at $282,301. 11.17% of the stock is currently owned by company insiders.

Freshworks Stock Down 6.7%

Shares of FRSH stock opened at $10.64 on Friday. Freshworks Inc. has a 52-week low of $10.45 and a 52-week high of $19.48. The stock has a market cap of $3.00 billion, a PE ratio of -106.39 and a beta of 0.89. The business has a 50-day simple moving average of $12.09 and a 200-day simple moving average of $12.36.

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

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.