Y Intercept Hong Kong Ltd Has $1.79 Million Stock Position in Freshworks Inc. $FRSH

Y Intercept Hong Kong Ltd lifted its stake in shares of Freshworks Inc. (NASDAQ:FRSH) by 123.6% during the third quarter, Holdings Channel.com reports. The firm owned 152,060 shares of the company’s stock after buying an additional 84,061 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Freshworks were worth $1,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Freshworks during the second quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Freshworks during the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC grew its stake in Freshworks by 427.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock valued at $67,000 after purchasing an additional 3,630 shares in the last quarter. Covestor Ltd raised its position in Freshworks by 25.0% during the third quarter. Covestor Ltd now owns 7,393 shares of the company’s stock worth $87,000 after acquiring an additional 1,479 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Freshworks by 55.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,064 shares of the company’s stock valued at $90,000 after purchasing an additional 2,155 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Philippa Lawrence sold 5,846 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $12.06, for a total transaction of $70,502.76. Following the sale, the chief accounting officer owned 392,711 shares of the company’s stock, valued at $4,736,094.66. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tyler Sloat purchased 171,615 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was acquired at an average price of $11.62 per share, with a total value of $1,994,166.30. Following the completion of the purchase, the insider owned 1,149,244 shares of the company’s stock, valued at $13,354,215.28. The trade was a 17.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 22,267 shares of company stock worth $282,301 over the last 90 days. Insiders own 11.17% of the company’s stock.

Freshworks Stock Performance

NASDAQ:FRSH opened at $10.64 on Friday. The firm has a market cap of $3.00 billion, a P/E ratio of -106.39 and a beta of 0.89. Freshworks Inc. has a fifty-two week low of $10.45 and a fifty-two week high of $19.48. The firm has a 50-day simple moving average of $12.09 and a two-hundred day simple moving average of $12.36.

Freshworks (NASDAQ:FRSH) last posted its earnings results on Wednesday, November 5th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Freshworks had a negative return on equity of 0.37% and a negative net margin of 3.65%.The company had revenue of $215.12 million for the quarter, compared to the consensus estimate of $208.80 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. Freshworks’s revenue was up 15.3% on a year-over-year basis. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. On average, equities research analysts predict that Freshworks Inc. will post -0.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FRSH shares. Piper Sandler lowered their price objective on Freshworks from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Oppenheimer reduced their price objective on shares of Freshworks from $19.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Cantor Fitzgerald reissued an “overweight” rating on shares of Freshworks in a research report on Tuesday, January 20th. Zacks Research lowered shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, BTIG Research initiated coverage on Freshworks in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.15.

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.