Freshworks (NASDAQ:FRSH) CAO Philippa Lawrence Sells 52,767 Shares

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 52,767 shares of Freshworks stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $13.25, for a total transaction of $699,162.75. Following the completion of the transaction, the chief accounting officer directly owned 389,296 shares in the company, valued at $5,158,172. This represents a 11.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.

Philippa Lawrence also recently made the following trade(s):

• On Monday, July 6th, Philippa Lawrence sold 3,470 shares of Freshworks stock. The stock was sold at an average price of $10.13, for a total transaction of $35,151.10.
• On Wednesday, June 17th, Philippa Lawrence sold 10,530 shares of Freshworks stock. The shares were sold at an average price of $9.18, for a total transaction of $96,665.40.

Freshworks Stock Performance

Shares of NASDAQ:FRSH opened at $13.36 on Friday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 10.99 and a beta of 0.89. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $13.99. The company has a 50 day moving average price of $11.58 and a 200 day moving average price of $9.59.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The company had revenue of $237.38 million for the quarter, compared to analysts’ expectations of $233.62 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, sell-side analysts expect that Freshworks Inc. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Freshworks

Several hedge funds have recently bought and sold shares of FRSH. IFP Advisors Inc grew its stake in Freshworks by 954.9% during the 4th 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 in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Freshworks in the fourth quarter worth approximately $26,000. Nykredit A S acquired a new stake in shares of Freshworks during the second quarter worth approximately $28,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Freshworks during the fourth quarter worth approximately $36,000. Finally, Allworth Financial LP boosted its holdings in shares of Freshworks by 479.9% during the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after purchasing an additional 2,649 shares during the period. 75.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FRSH has been the subject of a number of recent analyst reports. Piper Sandler increased their price target on Freshworks from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Citigroup restated a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Cantor Fitzgerald raised their target price on shares of Freshworks from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, UBS Group boosted their price target on shares of Freshworks from $11.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.17.

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.