43,793 Shares in Freshworks Inc. $FRSH Purchased by Dynamic Technology Lab Private Ltd

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 purchased a new stake in Freshworks Inc. (NASDAQ:FRSH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,793 shares of the company's stock, valued at approximately $617,000.

Several other institutional investors also recently modified their holdings of FRSH. FNY Investment Advisers LLC bought a new position in shares of Freshworks in the first quarter valued at $70,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Freshworks by 91.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,899 shares of the company's stock valued at $84,000 after buying an additional 2,814 shares in the last quarter. Liberty Mutual Group Asset Management Inc. bought a new position in shares of Freshworks in the first quarter valued at $106,000. US Bancorp DE increased its holdings in shares of Freshworks by 671.4% in the first quarter. US Bancorp DE now owns 8,331 shares of the company's stock valued at $118,000 after buying an additional 7,251 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Freshworks by 2,639.5% during the 1st quarter. GAMMA Investing LLC now owns 9,369 shares of the company's stock valued at $132,000 after purchasing an additional 9,027 shares during the period. Institutional investors own 75.58% of the company's stock.

Wall Street Analyst Weigh In

FRSH has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $25.00 target price on shares of Freshworks in a research note on Friday. Wall Street Zen downgraded shares of Freshworks from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Cantor Fitzgerald upgraded shares of Freshworks to an "overweight" rating and set a $20.00 price target on the stock in a report on Tuesday, June 3rd. JMP Securities restated a "market outperform" rating and set a $27.00 price target on shares of Freshworks in a report on Friday. Finally, Morgan Stanley lowered their price target on shares of Freshworks from $18.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Freshworks currently has an average rating of "Moderate Buy" and an average price target of $20.14.

Freshworks Trading Down 3.6%

Freshworks stock traded down $0.46 on Friday, reaching $12.45. 4,177,790 shares of the stock were exchanged, compared to its average volume of 3,762,896. The stock has a market cap of $3.63 billion, a PE ratio of -69.16 and a beta of 0.94. Freshworks Inc. has a twelve month low of $10.81 and a twelve month high of $19.77. The firm has a fifty day moving average price of $13.57 and a two-hundred day moving average price of $14.31.

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

Insider Buying and Selling at Freshworks

In other news, Director Barry L. Padgett sold 7,558 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $15.14, for a total transaction of $114,428.12. Following the completion of the transaction, the director owned 32,635 shares of the company's stock, valued at approximately $494,093.90. This represents a 18.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mika Yamamoto sold 4,289 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $13.18, for a total transaction of $56,529.02. Following the transaction, the insider directly owned 533,993 shares of the company's stock, valued at $7,038,027.74. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,181 shares of company stock valued at $1,107,538 in the last three months. Company insiders own 11.17% of the company's stock.

About Freshworks

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.