Key Points
- Freshworks Chief Accounting Officer Philippa Lawrence sold 3,492 shares at an average price of $12.98, generating $45,326.16. The sale was conducted under a Rule 10b5-1 plan to cover tax withholding, leaving her with 379,639 shares.
- Freshworks reported quarterly EPS of $0.17, beating estimates of $0.13, while revenue reached $237.38 million, up 16% year over year and above expectations.
- Analysts maintain a consensus “Moderate Buy” rating with a $14.46 price target; shares opened at $13.22, near their 52-week high of $13.99.
Freshworks Inc. (NASDAQ:FRSH - Get Free Report) CAO Philippa Lawrence sold 3,492 shares of the business's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $12.98, for a total transaction of $45,326.16. Following the transaction, the chief accounting officer owned 379,639 shares of the company's stock, valued at $4,927,714.22. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Wednesday, September 2nd, Philippa Lawrence sold 52,767 shares of Freshworks stock. The stock was sold at an average price of $13.25, for a total transaction of $699,162.75.
Freshworks Stock Performance
Shares of FRSH stock opened at $13.22 on Tuesday. The company has a market capitalization of $3.45 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 8.52 and a beta of 0.90. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $13.99. The business's fifty day moving average is $12.52 and its 200 day moving average is $10.32.
Freshworks (NASDAQ:FRSH - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $237.38 million during the quarter, compared to analysts' expectations of $233.62 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The firm's revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. 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, sell-side analysts forecast that Freshworks Inc. will post 0.05 EPS for the current fiscal year.
Institutional Trading of Freshworks
Hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S bought a new position in Freshworks during the second quarter valued at approximately $28,000. Summit Securities Group LLC lifted its holdings in shares of Freshworks by 186.3% in the 1st quarter. Summit Securities Group LLC now owns 6,043 shares of the company's stock worth $49,000 after acquiring an additional 3,932 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Freshworks by 164.0% in the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company's stock worth $49,000 after acquiring an additional 3,824 shares during the last quarter. Optiver Holding B.V. boosted its stake in shares of Freshworks by 277.1% in the 1st quarter. Optiver Holding B.V. now owns 6,211 shares of the company's stock valued at $50,000 after purchasing an additional 4,564 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Freshworks by 51.6% in the 2nd quarter. IFP Advisors Inc now owns 8,120 shares of the company's stock valued at $82,000 after purchasing an additional 2,765 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company's stock.
Wall Street Analyst Weigh In
FRSH has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Freshworks from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. KeyCorp began coverage on shares of Freshworks in a report on Monday, September 14th. They issued an "overweight" rating and a $18.00 price target on the stock. UBS Group increased their price target on shares of Freshworks from $11.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Freshworks from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, September 29th. Finally, Guggenheim began coverage on shares of Freshworks in a report on Wednesday, July 22nd. They set a "buy" rating and a $25.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Freshworks currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.46.
Read Our Latest Stock Analysis on Freshworks
About Freshworks
(
Get Free Report)
Freshworks Inc (NASDAQ:FRSH) develops cloud-based software designed to help businesses manage customer and employee experiences. Its products are intended for organizations of various sizes and emphasize ease of use, rapid deployment and integration with other business applications.
The company's product portfolio includes Freshdesk for customer support and service management, Freshservice for IT service management, Freshsales for customer relationship management, Freshchat for messaging and conversational engagement, and Freshmarketer for marketing automation and optimization.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
