Globeflex Capital L P Buys New Position in Freshworks Inc. $FRSH

Globeflex Capital L P purchased a new stake in Freshworks Inc. (NASDAQ:FRSH) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 61,217 shares of the company’s stock, valued at approximately $620,000.

Other institutional investors have also added to or reduced their stakes in the company. Generation Investment Management LLP purchased a new stake in shares of Freshworks during the second quarter worth about $6,392,000. Handelsbanken Fonder AB raised its position in shares of Freshworks by 38.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 60,000 shares of the company’s stock valued at $607,000 after purchasing an additional 16,600 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Freshworks in the 2nd quarter valued at approximately $228,000. Assenagon Asset Management S.A. acquired a new stake in Freshworks in the 2nd quarter worth approximately $2,565,000. Finally, Pacer Advisors Inc. acquired a new stake in Freshworks in the 1st quarter worth approximately $8,561,000. Institutional investors and hedge funds 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. Guggenheim began 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. Morgan Stanley reduced their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. UBS Group increased their price objective on Freshworks from $11.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings raised Freshworks from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Finally, Robert W. Baird set a $13.00 target price on Freshworks in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.17.

Freshworks Price Performance

NASDAQ FRSH opened at $12.86 on Wednesday. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $13.81. The company has a market capitalization of $3.36 billion, a PE ratio of 20.09, a P/E/G ratio of 10.99 and a beta of 0.86. The company has a fifty day moving average of $10.96 and a 200 day moving average of $9.33.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $237.38 million for 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 firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts expect that Freshworks Inc. will post 0.04 earnings per share for the current year.

Insider Transactions at Freshworks

In related news, CAO Philippa Lawrence sold 3,470 shares of the firm’s stock in a transaction dated 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 directly owned 456,144 shares of the company’s stock, valued at $4,620,738.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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. Also, Director Jennifer H. Taylor sold 6,618 shares of Freshworks stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total value of $69,091.92. Following the transaction, the director owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. This represents a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 27,236 shares of company stock worth $270,331 over the last quarter. 8.54% of the stock is currently owned by insiders.

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.