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

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 52,767 shares of Freshworks stock in a transaction 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 transaction, the chief accounting officer directly owned 389,296 shares of the company’s stock, valued at $5,158,172. The trade was a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Monday, July 6th, Philippa Lawrence sold 3,470 shares of Freshworks stock. The shares were 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 stock was sold at an average price of $9.18, for a total transaction of $96,665.40.

Freshworks Trading Down 4.7%

FRSH stock opened at $12.73 on Friday. The stock has a market cap of $3.32 billion, a PE ratio of 19.89, a P/E/G ratio of 11.13 and a beta of 0.89. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $13.99. The company has a 50-day moving average price of $11.63 and a 200 day moving average price of $9.61.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The company had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. During the same period in the prior year, the company posted $0.18 EPS. The firm’s revenue for the quarter 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. Sell-side analysts forecast that Freshworks Inc. will post 0.04 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on FRSH. Cantor Fitzgerald boosted their price objective on Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Guggenheim assumed coverage on shares of Freshworks in a report on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Piper Sandler upped their price target on shares of Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FRSH. Generation Investment Management LLP purchased a new stake in Freshworks in the second quarter worth about $6,392,000. Assenagon Asset Management S.A. bought a new stake in shares of Freshworks in the 2nd quarter valued at about $2,565,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Freshworks by 403.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock worth $11,596,000 after purchasing an additional 1,157,277 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Freshworks by 80.7% during the first quarter. Principal Financial Group Inc. now owns 765,475 shares of the company’s stock valued at $6,147,000 after purchasing an additional 341,947 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Freshworks by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock valued at $333,696,000 after buying an additional 922,549 shares during the period. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

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.