Dynamic Technology Lab Private Ltd Buys Shares of 43,793 Freshworks Inc. $FRSH

Key Points

• Dynamic Technology Lab Private Ltd has acquired 43,793 new shares in Freshworks Inc. during the first quarter, valued at approximately $617,000.
• Institutional investors now hold 75.58% of Freshworks' stock, with several hedge funds increasing their stakes during the same period.
• Analysts have mixed ratings on Freshworks, with an average target price of $20.29, including a recent upgrade to "overweight" from Cantor Fitzgerald.

Dynamic Technology Lab Private Ltd bought a new position in shares of Freshworks Inc. (NASDAQ:FRSH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 43,793 shares of the company's stock, valued at approximately $617,000.

A number of other institutional investors have also recently bought and sold shares of the business. Petrus Trust Company LTA boosted its holdings in Freshworks by 100.5% in the 1st quarter. Petrus Trust Company LTA now owns 24,966 shares of the company's stock valued at $352,000 after purchasing an additional 12,514 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Freshworks by 1.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 748,035 shares of the company's stock worth $10,555,000 after purchasing an additional 8,576 shares in the last quarter. Clark Capital Management Group Inc. acquired a new position in Freshworks during the 1st quarter worth approximately $5,250,000. AQR Capital Management LLC increased its position in Freshworks by 110.3% in the 1st quarter. AQR Capital Management LLC now owns 415,585 shares of the company's stock valued at $5,864,000 after acquiring an additional 217,978 shares during the period. Finally, Amundi increased its position in Freshworks by 1.3% in the 1st quarter. Amundi now owns 80,074 shares of the company's stock valued at $1,049,000 after acquiring an additional 1,040 shares during the period. Institutional investors own 75.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of Freshworks from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Freshworks in a research note on Friday. Morgan Stanley lowered their target price on shares of Freshworks from $18.00 to $16.00 and set an "equal weight" rating for the company in a report on Friday. JMP Securities restated a "market outperform" rating and set a $27.00 price objective on shares of Freshworks in a report on Friday. Finally, Cantor Fitzgerald upgraded shares of Freshworks to an "overweight" rating and set a $20.00 target price for the company in a research note on Tuesday, June 3rd. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Insider Buying and Selling

In other Freshworks news, Director Johanna Flower sold 8,000 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $14.80, for a total transaction of $118,400.00. Following the transaction, the director directly owned 48,094 shares of the company's stock, valued at approximately $711,791.20. The trade was a 14.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jennifer H. Taylor sold 7,558 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $15.13, for a total transaction of $114,352.54. Following the transaction, the director directly owned 44,218 shares in the company, valued at approximately $669,018.34. The trade was a 14.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,181 shares of company stock valued at $1,107,538 over the last quarter. Company insiders own 11.17% of the company's stock.

Freshworks Stock Performance

Freshworks stock traded up $0.21 during mid-day trading on Monday, hitting $12.66. 952,713 shares of the company traded hands, compared to its average volume of 3,762,291. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of -69.91 and a beta of 0.94. Freshworks Inc. has a one year low of $10.81 and a one year high of $19.77. The stock has a fifty day moving average price of $13.57 and a 200-day moving average price of $14.27.

Freshworks (NASDAQ:FRSH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. Freshworks had a negative net margin of 7.02% and a negative return on equity of 2.56%. The firm had revenue of $204.68 million for the quarter, compared to the consensus estimate of $198.85 million. During the same period last year, the firm posted $0.08 earnings per share. The business's revenue was up 19.6% compared to the same quarter last year. Freshworks has set its FY 2025 guidance at 0.560-0.580 EPS. Q3 2025 guidance at 0.120-0.140 EPS. Sell-side analysts predict that Freshworks Inc. will post -0.19 EPS for the current year.

Freshworks Profile

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.