Fuller & Thaler Asset Management Inc. Buys 862,315 Shares of Freshworks Inc. $FRSH

Key Points

• Fuller & Thaler Asset Management Inc. has increased its stake in Freshworks Inc. by 27.9%, acquiring an additional 862,315 shares in the first quarter, bringing their total to approximately $55.75 million.
• Freshworks reported a quarterly earnings of $0.18 EPS, exceeding the consensus estimate of $0.12, along with a 19.6% increase in revenue year-over-year.
• Insider selling has occurred recently, including the sale of 70,997 shares by Chairman Rathnagirish Mathrubootham, indicating potential shifts in insider confidence.

Fuller & Thaler Asset Management Inc. boosted its stake in shares of Freshworks Inc. (NASDAQ:FRSH - Free Report) by 27.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,951,115 shares of the company's stock after purchasing an additional 862,315 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.34% of Freshworks worth $55,750,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FRSH. FNY Investment Advisers LLC acquired a new position in Freshworks during the 1st quarter valued at $70,000. DekaBank Deutsche Girozentrale raised its stake in shares of Freshworks by 91.2% in the 1st 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. Quarry LP raised its stake in shares of Freshworks by 47.8% in the 4th quarter. Quarry LP now owns 5,410 shares of the company's stock valued at $87,000 after buying an additional 1,750 shares in the last quarter. Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Freshworks in the 1st quarter valued at $106,000. Finally, US Bancorp DE raised its stake in shares of Freshworks by 671.4% in the 1st 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. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Zachary Nelson sold 8,432 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $13.01, for a total value of $109,700.32. Following the sale, the director owned 38,870 shares of the company's stock, valued at approximately $505,698.70. This represents a 17.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mika Yamamoto sold 4,289 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $13.00, for a total transaction of $55,757.00. Following the sale, the insider directly owned 566,198 shares in the company, valued at approximately $7,360,574. This represents a 0.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 200,491 shares of company stock worth $3,101,115 in the last quarter. 11.17% of the stock is owned by corporate insiders.

Freshworks Price Performance

Shares of FRSH traded up $0.77 during trading hours on Friday, hitting $13.97. The stock had a trading volume of 6,067,612 shares, compared to its average volume of 6,125,867. The company's fifty day moving average is $14.11 and its two-hundred day moving average is $14.72. Freshworks Inc. has a 52 week low of $10.81 and a 52 week high of $19.77. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of -77.61 and a beta of 0.94.

Freshworks (NASDAQ:FRSH - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.18 earnings per share 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 business had revenue of $204.68 million for the quarter, compared to analyst estimates of $198.85 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm's quarterly 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. Equities analysts predict that Freshworks Inc. will post -0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JMP Securities restated a "market outperform" rating and issued a $27.00 price objective on shares of Freshworks in a research note on Wednesday, April 30th. Wall Street Zen cut shares of Freshworks from a "strong-buy" rating to a "buy" rating in a research note on Saturday. UBS Group dropped their price objective on shares of Freshworks from $22.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Morgan Stanley increased their price objective on shares of Freshworks from $14.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, Piper Sandler increased 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. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.29.

Freshworks Company 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.