Empowered Funds LLC Takes Position in Freshworks Inc. $FRSH

Empowered Funds LLC acquired a new stake in shares of Freshworks Inc. (NASDAQ:FRSH) during the first quarter, HoldingsChannel reports. The institutional investor acquired 226,933 shares of the company’s stock, valued at approximately $1,822,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FRSH. Balyasny Asset Management L.P. acquired a new position in Freshworks in the 4th quarter valued at about $31,967,000. Norges Bank acquired a new stake in shares of Freshworks during the 4th quarter worth about $31,873,000. Renaissance Technologies LLC boosted its stake in shares of Freshworks by 79.1% during the 1st quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock worth $36,745,000 after purchasing an additional 2,021,412 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Freshworks by 1,528.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock worth $20,933,000 after buying an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Freshworks by 132.6% during the third quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock worth $32,840,000 after buying an additional 1,590,384 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Insider Buying and Selling

In other Freshworks news, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total transaction of $69,422.82. Following the completion of the sale, the director owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total value of $69,091.92. Following the sale, the director owned 62,673 shares of the company’s stock, valued at $654,306.12. This represents a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 27,236 shares of company stock valued at $270,331. 8.54% of the stock is currently owned by company insiders.

Key Headlines Impacting Freshworks

Here are the key news stories impacting Freshworks this week:

• Positive Sentiment: Freshworks raised its 2026 outlook after reporting Q2 adjusted EPS of $0.17 versus the $0.13 consensus estimate and revenue of $237.38 million, up 16% year over year and above expectations. Management cited AI adoption and sustained demand, while targeting approximately $963.5 million-$966.5 million in 2026 revenue and continued GAAP profitability. Freshworks Is Up After Raising 2026 Outlook
• Positive Sentiment: The company’s employee-experience business remains a key growth driver: EX annual recurring revenue increased about 22%-23% year over year to $567 million and now represents roughly 60% of total ARR. Analysts also highlighted strong cash flow, profitability and potential for further AI monetization. FRSH Q2 Earnings Call Highlights
• Positive Sentiment: Freshservice received FedRAMP “In Process” status for Moderate certification, putting its AI-powered service-operations platform on the federal marketplace and improving its prospects in the U.S. government technology market. Freshworks Achieves FedRAMP In-Process Designation
• Positive Sentiment: Cantor Fitzgerald raised its FRSH price target to $15 from $12 and maintained an overweight rating, reinforcing the bullish reaction to the earnings update. Cantor Fitzgerald Price Target
• Neutral Sentiment: Piper Sandler increased its target to $12 from $10 but kept a neutral rating, suggesting some analysts still see limited near-term upside at the current valuation. Freshworks will also participate in Oppenheimer’s technology conference, which may provide additional investor commentary but is not itself a financial result. Piper Sandler Price Target Freshworks Oppenheimer Conference

Freshworks Stock Performance

Shares of FRSH stock opened at $11.59 on Friday. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 18.11 and a beta of 0.86. Freshworks Inc. has a one year low of $6.79 and a one year high of $14.06. The company has a 50 day moving average price of $10.20 and a 200 day moving average price of $9.19.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating 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 quarter last year, the business earned $0.18 EPS. Freshworks’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. As a group, equities analysts forecast that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FRSH. Piper Sandler upped their price objective on shares of Freshworks from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday. Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley cut their price target on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. UBS Group increased their price target on Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Guggenheim started coverage on Freshworks in a report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.17.

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.