Philippa Lawrence Sells 3,470 Shares of Freshworks (NASDAQ:FRSH) Stock

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 3,470 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $10.13, for a total value of $35,151.10. Following the completion of the sale, the chief accounting officer directly owned 456,144 shares of the company’s stock, valued at $4,620,738.72. This represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 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 value of $96,665.40.

Freshworks Trading Up 2.1%

Shares of Freshworks stock opened at $10.38 on Wednesday. The firm has a fifty day simple moving average of $9.27 and a 200-day simple moving average of $9.36. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.74 and a beta of 0.88. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $15.47.

Freshworks (NASDAQ:FRSH) last posted its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $223.63 million. During the same period last year, the business posted $0.18 EPS. Freshworks’s revenue was up 16.5% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, research analysts predict that Freshworks Inc. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Freshworks

Several institutional investors and hedge funds have recently made changes to their positions in FRSH. Clark Capital Management Group Inc. grew its stake in Freshworks by 82.3% during the third quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock worth $8,788,000 after buying an additional 337,138 shares during the last quarter. Newlands Management Operations LLC bought a new position in shares of Freshworks in the third quarter valued at approximately $5,410,000. Tudor Investment Corp ET AL acquired a new position in shares of Freshworks in the 3rd quarter worth approximately $1,984,000. Topline Capital Management LLC boosted its holdings in shares of Freshworks by 43.0% in the 3rd quarter. Topline Capital Management LLC now owns 2,765,000 shares of the company’s stock worth $32,544,000 after acquiring an additional 831,787 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Freshworks by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock valued at $333,696,000 after purchasing an additional 922,549 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Analyst Ratings Changes

FRSH has been the topic of a number of research analyst reports. Weiss Ratings lowered Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Zacks Research upgraded shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Oppenheimer downgraded shares of Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.18.

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.