Freshworks (NASDAQ:FRSH) Director Jennifer Taylor Sells 6,618 Shares

Freshworks Inc. (NASDAQ:FRSH) Director Jennifer Taylor sold 6,618 shares of Freshworks stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total value of $69,091.92. Following the completion of the transaction, the director owned 62,673 shares of the company’s stock, valued at $654,306.12. The trade was a 9.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Freshworks Stock Performance

FRSH stock opened at $10.34 on Friday. The company’s 50 day moving average price is $9.16 and its 200 day moving average price is $9.41. Freshworks Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $15.47. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 16.68 and a beta of 0.88.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.63 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. Equities analysts forecast that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Oppenheimer downgraded Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. Finally, Morgan Stanley lowered their price objective on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.18.

Institutional Trading of Freshworks

Several institutional investors have recently modified their holdings of FRSH. Pacer Advisors Inc. purchased a new position in shares of Freshworks in the 1st quarter valued at $8,561,000. Optiver Holding B.V. lifted its position in Freshworks by 277.1% in the first quarter. Optiver Holding B.V. now owns 6,211 shares of the company’s stock valued at $50,000 after acquiring an additional 4,564 shares during the last quarter. Caerus Investment Advisors LLC purchased a new stake in Freshworks in the first quarter valued at $142,000. Lavelle Capital LP acquired a new position in Freshworks in the first quarter valued at $1,217,000. Finally, Essential Partners LLC boosted its stake in Freshworks by 76.9% in the first quarter. Essential Partners LLC now owns 11,218 shares of the company’s stock valued at $90,000 after acquiring an additional 4,876 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

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.