Key Points
- Freshworks CAO Philippa Lawrence sold 52,767 shares at an average price of $13.25, generating approximately $699,163. The sale occurred under a Rule 10b5-1 plan to cover tax withholding related to vested equity awards, leaving her with 389,296 shares.
- Freshworks recently exceeded quarterly expectations, reporting $0.17 in adjusted EPS versus the $0.13 consensus estimate and $237.38 million in revenue, up 16% year over year.
- Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $14.17; institutional investors own approximately 75.58% of outstanding shares.
Freshworks Inc. (NASDAQ:FRSH - Get Free Report) CAO Philippa Lawrence sold 52,767 shares of the company's 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 completion of the transaction, the chief accounting officer directly owned 389,296 shares in the company, valued at $5,158,172. This trade represents a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 value of $35,151.10.
- On Wednesday, June 17th, Philippa Lawrence sold 10,530 shares of Freshworks stock. The shares were sold at an average price of $9.18, for a total value of $96,665.40.
Freshworks Price Performance
Shares of NASDAQ FRSH opened at $13.36 on Friday. Freshworks Inc. has a one year low of $6.79 and a one year high of $13.99. The business's 50-day moving average price is $11.58 and its two-hundred day moving average price is $9.59. The company has a market capitalization of $3.49 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 10.99 and a beta of 0.89.
Freshworks (NASDAQ:FRSH - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, equities analysts anticipate that Freshworks Inc. will post 0.04 EPS for the current year.
Institutional Investors Weigh In On Freshworks
Several institutional investors and hedge funds have recently added to or reduced their stakes in FRSH. Corient Private Wealth LP grew its holdings in Freshworks by 100.0% during the second quarter. Corient Private Wealth LP now owns 493,134 shares of the company's stock valued at $4,991,000 after purchasing an additional 246,526 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Freshworks in the second quarter worth $508,000. California State Teachers Retirement System lifted its stake in shares of Freshworks by 792.5% in the second quarter. California State Teachers Retirement System now owns 2,198,519 shares of the company's stock worth $217,245,000 after buying an additional 1,952,189 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of Freshworks during the 2nd quarter worth $288,000. Finally, Nykredit A S bought a new stake in shares of Freshworks during the 2nd quarter worth $28,000. 75.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently weighed in on FRSH shares. UBS Group raised their price objective on shares of Freshworks from $11.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Cantor Fitzgerald increased their price target on shares of Freshworks from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Guggenheim initiated coverage on shares of Freshworks in a research note on Wednesday, July 22nd. They set a "buy" rating and a $25.00 price target on the stock. Robert W. Baird set a $13.00 price objective on shares of Freshworks in a research note on Wednesday, August 5th. Finally, Zacks Research cut shares of Freshworks from a "strong-buy" rating to a "hold" rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Freshworks presently has an average rating of "Moderate Buy" and a consensus target price of $14.17.
View Our Latest Report on Freshworks
About Freshworks
(
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.
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