Assenagon Asset Management S.A. Purchases New Shares in Freshworks Inc. $FRSH

Key Points

• Assenagon Asset Management acquired 253,452 Freshworks shares worth approximately $2.6 million, giving it about a 0.09% stake. Institutional investors collectively own 75.58% of the company.
• Freshworks reported quarterly EPS of $0.17, beating estimates by $0.04, while revenue rose 16% year over year to $237.38 million. The company issued fiscal 2026 EPS guidance of $0.66–$0.68.
• Insiders sold 27,236 shares worth $270,331 over the past 90 days. Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $14.17 versus the stock’s reported price of $12.68.

Assenagon Asset Management S.A. acquired a new position in shares of Freshworks Inc. (NASDAQ:FRSH - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 253,452 shares of the company's stock, valued at approximately $2,565,000. Assenagon Asset Management S.A. owned about 0.09% of Freshworks at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new position in Freshworks during the first quarter worth about $8,561,000. Optiver Holding B.V. grew its holdings in Freshworks by 277.1% during the first 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 during the period. Caerus Investment Advisors LLC bought a new stake in shares of Freshworks in the first quarter valued at approximately $142,000. Lavelle Capital LP purchased a new stake in shares of Freshworks during the 1st quarter valued at approximately $1,217,000. Finally, Essential Partners LLC lifted its stake in shares of Freshworks by 76.9% during the 1st quarter. Essential Partners LLC now owns 11,218 shares of the company's stock valued at $90,000 after buying an additional 4,876 shares in the last quarter. Institutional investors own 75.58% of the company's stock.

Insider Transactions at Freshworks

In related news, CAO Philippa Lawrence sold 10,530 shares of the company's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total value of $96,665.40. Following the transaction, the chief accounting officer directly owned 465,823 shares in the company, valued at approximately $4,276,255.14. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jennifer H. Taylor sold 6,618 shares of the firm's stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total transaction of $69,091.92. Following the completion of the sale, the director directly owned 62,673 shares in the company, valued at $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. Over the last 90 days, insiders sold 27,236 shares of company stock valued at $270,331. 8.54% of the stock is owned by corporate insiders.

Freshworks Stock Performance

Shares of FRSH stock opened at $12.68 on Friday. The company has a market capitalization of $3.51 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 9.70 and a beta of 0.86. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $14.06. The business's fifty day moving average is $10.41 and its 200 day moving average is $9.21.

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. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The business had revenue of $237.38 million during the quarter, compared to analysts' expectations of $233.62 million. During the same period in the previous year, the business earned $0.18 earnings per share. The firm's revenue was up 16.0% on a year-over-year basis. 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 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Freshworks from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 10th. UBS Group increased their target price on Freshworks from $11.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Freshworks in a report on Tuesday, August 4th. Guggenheim started coverage on Freshworks in a research report on Wednesday, July 22nd. They issued a "buy" rating and a $25.00 price target for the company. Finally, Morgan Stanley dropped their price objective on Freshworks from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $14.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source