Freshworks (NASDAQ:FRSH) Insider Mika Yamamoto Sells 4,289 Shares of Stock

Freshworks Inc. (NASDAQ:FRSH) insider Mika Yamamoto sold 4,289 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $13.18, for a total value of $56,529.02. Following the completion of the sale, the insider owned 533,993 shares of the company’s stock, valued at $7,038,027.74. This trade represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mika Yamamoto also recently made the following trade(s):

• On Monday, August 4th, Mika Yamamoto sold 4,289 shares of Freshworks stock. The shares were sold at an average price of $13.00, for a total value of $55,757.00.
• On Tuesday, July 1st, Mika Yamamoto sold 4,289 shares of Freshworks stock. The shares were sold at an average price of $15.05, for a total value of $64,549.45.

Freshworks Stock Down 0.5%

Shares of FRSH opened at $13.09 on Thursday. The business has a 50-day simple moving average of $13.87 and a two-hundred day simple moving average of $14.53. Freshworks Inc. has a 52 week low of $10.81 and a 52 week high of $19.77. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of -72.72 and a beta of 0.94.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $204.68 million for the quarter, compared to analysts’ expectations of $198.85 million. Freshworks had a negative return on equity of 2.56% and a negative net margin of 7.02%.The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. Freshworks has set its FY 2025 guidance at 0.560-0.580 EPS. Q3 2025 guidance at 0.120-0.140 EPS. On average, equities analysts anticipate that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FRSH has been the subject of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of Freshworks to an “overweight” rating and set a $20.00 price target for the company in a research report on Tuesday, June 3rd. Wall Street Zen cut shares of Freshworks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 23rd. Finally, Piper Sandler upped their target price on shares of Freshworks from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Freshworks currently has an average rating of “Moderate Buy” and a consensus price target of $20.29.

Hedge Funds Weigh In On Freshworks

Institutional investors have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Freshworks in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Freshworks by 427.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock valued at $67,000 after purchasing an additional 3,630 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Freshworks during the first quarter valued at about $70,000. DekaBank Deutsche Girozentrale grew its position in shares of Freshworks by 91.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 5,899 shares of the company’s stock valued at $84,000 after purchasing an additional 2,814 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Freshworks by 55.1% in the second quarter. Nisa Investment Advisors LLC now owns 6,064 shares of the company’s stock worth $90,000 after purchasing an additional 2,155 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

About Freshworks

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.