JPMorgan Chase & Co. Decreases Holdings in Freshworks Inc. $FRSH

JPMorgan Chase & Co. decreased its stake in Freshworks Inc. (NASDAQ:FRSH) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,233,435 shares of the company’s stock after selling 120,119 shares during the period. JPMorgan Chase & Co.’s holdings in Freshworks were worth $61,598,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FRSH. Eminence Capital LP increased its stake in shares of Freshworks by 39.4% during the 2nd quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock worth $109,359,000 after purchasing an additional 2,074,641 shares during the last quarter. Geode Capital Management LLC grew its holdings in Freshworks by 1.6% during the second quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock valued at $72,414,000 after purchasing an additional 75,688 shares during the period. State Street Corp grew its holdings in Freshworks by 2.1% during the second quarter. State Street Corp now owns 4,850,487 shares of the company’s stock valued at $72,321,000 after purchasing an additional 101,132 shares during the period. Franklin Resources Inc. increased its position in Freshworks by 15.1% in the second quarter. Franklin Resources Inc. now owns 2,540,275 shares of the company’s stock worth $37,875,000 after buying an additional 333,137 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Freshworks by 35.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock valued at $31,396,000 after buying an additional 578,628 shares during the period. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Freshworks Trading Up 4.1%

Shares of Freshworks stock opened at $7.16 on Wednesday. The company’s 50-day moving average price is $10.56 and its 200-day moving average price is $11.64. Freshworks Inc. has a 12-month low of $6.79 and a 12-month high of $17.69. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 11.19 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Freshworks had a net margin of 21.90% and a return on equity of 4.77%. The company had revenue of $222.74 million during the quarter, compared to analysts’ expectations of $218.76 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. Freshworks’s revenue for the quarter was up 14.5% on a year-over-year basis. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. On average, sell-side analysts predict that Freshworks Inc. will post -0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FRSH. Piper Sandler cut their price target on Freshworks from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Jefferies Financial Group lowered shares of Freshworks from a “buy” rating to a “hold” rating and cut their target price for the stock from $20.00 to $8.00 in a research report on Monday. Cantor Fitzgerald lowered their price target on shares of Freshworks from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. BTIG Research assumed coverage on shares of Freshworks in a report on Tuesday, December 16th. They issued a “neutral” rating for the company. Finally, Oppenheimer set a $15.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.92.

Insider Buying and Selling at Freshworks

In other news, insider Mika Yamamoto sold 15,012 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $13.00, for a total value of $195,156.00. Following the transaction, the insider owned 490,350 shares of the company’s stock, valued at approximately $6,374,550. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Philippa Lawrence sold 5,846 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $12.06, for a total value of $70,502.76. Following the completion of the sale, the chief accounting officer owned 392,711 shares in the company, valued at $4,736,094.66. This trade represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 21,623 shares of company stock worth $274,540. Insiders own 11.17% of the company’s stock.

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.