Y Intercept Hong Kong Ltd Sells 93,008 Shares of Freshworks Inc. $FRSH

Y Intercept Hong Kong Ltd cut its holdings in Freshworks Inc. (NASDAQ:FRSH) by 50.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,323 shares of the company’s stock after selling 93,008 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Freshworks were worth $733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in Freshworks by 954.9% during the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after acquiring an additional 1,948 shares during the period. Summit Securities Group LLC bought a new position in Freshworks in the 4th quarter valued at $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Freshworks during the 4th quarter valued at $36,000. Allworth Financial LP increased its position in shares of Freshworks by 479.9% during the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock valued at $39,000 after purchasing an additional 2,649 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Freshworks by 427.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock worth $67,000 after purchasing an additional 3,630 shares during the period. 75.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on FRSH. Citigroup reissued a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. 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 report on Monday, May 11th. Zacks Research raised shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Freshworks presently has an average rating of “Hold” and a consensus target price of $12.18.

Freshworks Stock Performance

FRSH stock opened at $10.36 on Monday. The firm has a 50 day moving average of $9.39 and a 200-day moving average of $9.32. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $15.06. The firm has a market capitalization of $2.86 billion, a P/E ratio of 16.71 and a beta of 0.88.

Freshworks (NASDAQ:FRSH) last posted its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The business had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.63 million. During the same quarter in the prior year, the firm posted $0.18 EPS. Freshworks’s revenue was up 16.5% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. Sell-side analysts predict that Freshworks Inc. will post -0.02 EPS for the current year.

Insider Activity

In related news, Director Jennifer H. Taylor sold 6,618 shares of Freshworks stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the completion of the sale, the director owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. This trade represents a 9.55% 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. Also, Director Barry L. Padgett sold 6,618 shares of Freshworks stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total value of $69,422.82. Following the sale, the director directly owned 47,270 shares of the company’s stock, valued at $495,862.30. This represents a 12.28% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,236 shares of company stock worth $270,331 in the last three months. Corporate insiders own 8.54% of the company’s stock.

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.