Inlight Wealth Management LLC Has $2.59 Million Holdings in Freshworks Inc. $FRSH

Inlight Wealth Management LLC grew its position in Freshworks Inc. (NASDAQ:FRSH) by 77.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,247 shares of the company’s stock after purchasing an additional 92,317 shares during the period. Inlight Wealth Management LLC owned about 0.07% of Freshworks worth $2,588,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB acquired a new position in Freshworks in the 3rd quarter worth about $5,083,000. Clark Capital Management Group Inc. increased its position in Freshworks by 82.3% in the 3rd quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock worth $8,788,000 after purchasing an additional 337,138 shares during the last quarter. Topline Capital Management LLC increased its position in 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 purchasing an additional 831,787 shares during the last quarter. Newlands Management Operations LLC acquired a new position in Freshworks in the 3rd quarter worth about $5,410,000. Finally, Gagnon Securities LLC increased its position in Freshworks by 101.8% in the 3rd quarter. Gagnon Securities LLC now owns 1,865,818 shares of the company’s stock worth $21,961,000 after purchasing an additional 941,228 shares during the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Mika Yamamoto sold 32,577 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the sale, the insider owned 1,127,723 shares in the company, valued at $9,529,259.35. This represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FRSH has been the topic of several research reports. Citigroup reaffirmed an “outperform” rating on shares of Freshworks in a research report on Wednesday, February 11th. Jefferies Financial Group downgraded Freshworks from a “buy” rating to a “hold” rating and decreased their price target for the stock from $20.00 to $8.00 in a research note on Monday, February 23rd. BTIG Research started coverage on Freshworks in a research note on Tuesday, December 16th. They set a “neutral” rating for the company. Oppenheimer downgraded Freshworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 19th. Finally, Canaccord Genuity Group set a $14.00 price target on Freshworks in a research note on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Freshworks currently has an average rating of “Hold” and an average target price of $12.92.

Freshworks Stock Performance

FRSH opened at $7.89 on Tuesday. The company has a market cap of $2.24 billion, a PE ratio of 12.33 and a beta of 0.87. The stock has a 50-day moving average of $8.02 and a 200-day moving average of $10.44. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $16.14.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, February 10th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Freshworks had a return on equity of 4.69% and a net margin of 21.90%.The firm had revenue of $222.74 million during the quarter, compared to the consensus estimate of $218.76 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. 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, research analysts predict that Freshworks Inc. will post -0.19 earnings per share for the current year.

About Freshworks

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.