Strs Ohio Decreases Stake in Freshworks Inc. $FRSH

by · The Markets Daily

Strs Ohio cut its stake in shares of Freshworks Inc. (NASDAQ:FRSH – Free Report) by 86.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,200 shares of the company’s stock after selling 66,400 shares during the quarter. Strs Ohio’s holdings in Freshworks were worth $82,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Balyasny Asset Management L.P. purchased a new position in Freshworks in the fourth quarter worth approximately $31,967,000. Norges Bank purchased a new stake in shares of Freshworks in the 4th quarter valued at approximately $31,873,000. Jupiter Asset Management Ltd. raised its holdings in shares of Freshworks by 1,528.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock valued at $20,933,000 after purchasing an additional 1,603,887 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Freshworks by 132.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock valued at $32,840,000 after purchasing an additional 1,590,384 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Freshworks by 345.1% during the 2nd quarter. Squarepoint Ops LLC now owns 1,835,798 shares of the company’s stock worth $27,372,000 after purchasing an additional 1,423,391 shares during the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Freshworks Price Performance

Shares of FRSH opened at $10.83 on Tuesday. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $15.06. The stock has a market cap of $2.99 billion, a PE ratio of 17.47 and a beta of 0.88. The firm has a fifty day moving average price of $9.44 and a 200 day moving average price of $9.30.

Freshworks (NASDAQ:FRSH – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.63 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. Freshworks’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, equities analysts expect that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FRSH has been the subject of a number of analyst reports. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Oppenheimer downgraded Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. Wall Street Zen cut Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded Freshworks from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Morgan Stanley cut their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.18.

View Our Latest Report on Freshworks

Insider Activity

In related news, Director Barry L. Padgett sold 6,618 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total transaction of $69,422.82. Following the completion of the sale, the director owned 47,270 shares in the company, valued at $495,862.30. This represents a 12.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 3,470 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $10.13, for a total transaction of $35,151.10. Following the transaction, the chief accounting officer directly owned 456,144 shares in the company, valued at $4,620,738.72. The trade was a 0.75% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 27,236 shares of company stock valued at $270,331. 8.54% of the stock is currently owned by company insiders.

About Freshworks

(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.

Further Reading

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