Key Points
- Freshworks CAO Philippa Lawrence sold 3,470 shares on July 6 at an average price of $10.13, totaling about $35,151. The sale was part of a pre-arranged Rule 10b5-1 plan and was tied to tax withholding from vested equity awards.
- Lawrence also sold 10,530 shares on June 17 for about $96,665, indicating a recent pattern of insider selling. After the latest sale, she still held 456,144 shares valued at roughly $4.62 million.
- Freshworks stock was up 1.1% to $10.28, and the company reported quarterly EPS of $0.11 on revenue of $228.63 million, both in line with or above estimates. Analysts currently have a Hold consensus on the stock with an average target price of $12.18.
Freshworks Inc. (NASDAQ:FRSH - Get Free Report) CAO Philippa Lawrence sold 3,470 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $10.13, for a total transaction of $35,151.10. Following the sale, the chief accounting officer owned 456,144 shares in the company, valued at approximately $4,620,738.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 stock was sold at an average price of $9.18, for a total value of $96,665.40.
Freshworks Stock Up 1.1%
FRSH stock opened at $10.28 on Tuesday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 16.65 and a beta of 0.88. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $15.47. The stock's fifty day simple moving average is $9.23 and its 200-day simple moving average is $9.38.
Freshworks (NASDAQ:FRSH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.63 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company's revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. 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, analysts anticipate that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.
Analysts Set New Price Targets
FRSH has been the subject of several research analyst reports. Zacks Research upgraded Freshworks from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 7th. Oppenheimer cut Freshworks from an "outperform" rating to a "market perform" rating in a report on Thursday, March 19th. Citigroup reissued a "market outperform" rating on shares of Freshworks in a research report on Tuesday, June 2nd. Weiss Ratings cut shares of Freshworks from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, May 7th. Finally, Morgan Stanley decreased their price objective on shares of Freshworks from $15.00 to $13.00 and set an "equal weight" rating for the company in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.18.
Read Our Latest Stock Analysis on FRSH
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company's stock valued at $26,000 after purchasing an additional 1,948 shares during the period. Summit Securities Group LLC purchased a new stake in Freshworks during the 4th quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new position in Freshworks in the 4th quarter worth $36,000. Allworth Financial LP lifted its holdings in Freshworks by 479.9% in the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company's stock worth $39,000 after buying an additional 2,649 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Freshworks by 164.0% in the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company's stock valued at $49,000 after buying an additional 3,824 shares during the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.
Freshworks Company Profile
(
Get Free Report)
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.
Further Reading
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