Dimensional Fund Advisors LP Reduces Stock Holdings in Freshworks Inc. $FRSH

Dimensional Fund Advisors LP lowered its holdings in Freshworks Inc. (NASDAQ:FRSH - Free Report) by 16.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,596,993 shares of the company's stock after selling 506,530 shares during the quarter. Dimensional Fund Advisors LP owned 0.91% of Freshworks worth $20,854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FRSH. Balyasny Asset Management L.P. purchased a new stake in Freshworks in the fourth quarter valued at $31,967,000. Norges Bank acquired a new position in shares of Freshworks in the 4th quarter valued at about $31,873,000. Jupiter Asset Management Ltd. lifted 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 buying an additional 1,603,887 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Freshworks by 132.6% in the third quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company's stock worth $32,840,000 after buying an additional 1,590,384 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Freshworks by 345.1% in the second quarter. Squarepoint Ops LLC now owns 1,835,798 shares of the company's stock worth $27,372,000 after buying an additional 1,423,391 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FRSH. Cantor Fitzgerald lifted their price target on Freshworks from $12.00 to $15.00 and gave the company an "overweight" rating in a research report on Wednesday. Wall Street Zen lowered Freshworks from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Piper Sandler raised their price objective on shares of Freshworks from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday. Guggenheim initiated coverage on shares of Freshworks in a report on Wednesday, July 22nd. They set a "buy" rating and a $25.00 target price for the company. Finally, Zacks Research cut shares of Freshworks from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $14.17.

Key Headlines Impacting Freshworks

Here are the key news stories impacting Freshworks this week:

• Positive Sentiment: Freshworks raised its 2026 outlook after reporting Q2 adjusted EPS of $0.17 versus the $0.13 consensus estimate and revenue of $237.38 million, up 16% year over year and above expectations. Management cited AI adoption and sustained demand, while targeting approximately $963.5 million-$966.5 million in 2026 revenue and continued GAAP profitability. Freshworks Is Up After Raising 2026 Outlook
• Positive Sentiment: The company’s employee-experience business remains a key growth driver: EX annual recurring revenue increased about 22%-23% year over year to $567 million and now represents roughly 60% of total ARR. Analysts also highlighted strong cash flow, profitability and potential for further AI monetization. FRSH Q2 Earnings Call Highlights
• Positive Sentiment: Freshservice received FedRAMP “In Process” status for Moderate certification, putting its AI-powered service-operations platform on the federal marketplace and improving its prospects in the U.S. government technology market. Freshworks Achieves FedRAMP In-Process Designation
• Positive Sentiment: Cantor Fitzgerald raised its FRSH price target to $15 from $12 and maintained an overweight rating, reinforcing the bullish reaction to the earnings update. Cantor Fitzgerald Price Target
• Neutral Sentiment: Piper Sandler increased its target to $12 from $10 but kept a neutral rating, suggesting some analysts still see limited near-term upside at the current valuation. Freshworks will also participate in Oppenheimer’s technology conference, which may provide additional investor commentary but is not itself a financial result. Piper Sandler Price Target Freshworks Oppenheimer Conference

Insiders Place Their Bets

In other news, Director Barry L. Padgett sold 6,618 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $495,862.30. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the firm's stock in a transaction dated 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 transaction, 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 ninety days, insiders sold 27,236 shares of company stock worth $270,331. Company insiders own 8.54% of the company's stock.

Freshworks Price Performance

Freshworks stock opened at $11.59 on Friday. The stock has a market capitalization of $3.20 billion, a PE ratio of 18.11 and a beta of 0.86. The business has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $9.19. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $14.06.

Freshworks (NASDAQ:FRSH - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The firm had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. During the same quarter last year, the firm posted $0.18 EPS. The business'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, equities research analysts anticipate that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

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