Freshworks (NASDAQ:FRSH) Insider Sells $56,529.02 in Stock

Key Points

• Mika Yamamoto, an insider at Freshworks, sold 4,289 shares of stock for a total of $56,529.02, marking a 0.80% decrease in their ownership position.
• Freshworks shares traded down 0.5%, reaching $13.09, with an average trading volume of nearly 3 million shares.
• The company reported a 19.6% year-over-year increase in revenue and surpassed EPS estimates in its latest earnings results, signaling potential growth prospects.

Freshworks Inc. (NASDAQ:FRSH - Get Free Report) insider Mika Yamamoto sold 4,289 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $13.18, for a total value of $56,529.02. Following the completion of the sale, the insider 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 sale was disclosed in a document filed with the SEC, which is available at this link.

Mika Yamamoto also recently made the following trade(s):

• On Monday, August 4th, Mika Yamamoto sold 4,289 shares of Freshworks stock. The stock was sold at an average price of $13.00, for a total value of $55,757.00.
• On Tuesday, July 1st, Mika Yamamoto sold 4,289 shares of Freshworks stock. The stock was sold at an average price of $15.05, for a total value of $64,549.45.

Freshworks Stock Down 0.5%

Shares of FRSH stock traded down $0.07 during mid-day trading on Wednesday, reaching $13.09. The stock had a trading volume of 2,954,130 shares, compared to its average volume of 4,350,914. The firm has a market cap of $3.81 billion, a PE ratio of -72.72 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 firm's 50 day simple moving average is $13.87 and its 200 day simple moving average is $14.53.

Freshworks (NASDAQ:FRSH - Get Free Report) last posted its 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. The business had revenue of $204.68 million during the quarter, compared to the consensus estimate of $198.85 million. Freshworks had a negative return on equity of 2.56% and a negative net margin of 7.02%.Freshworks's revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company 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. Sell-side analysts forecast that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Freshworks

Institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its holdings in Freshworks by 5.0% in the second quarter. Thrivent Financial for Lutherans now owns 200,636 shares of the company's stock valued at $2,992,000 after purchasing an additional 9,521 shares during the last quarter. State of Wyoming bought a new stake in Freshworks in the second quarter valued at about $354,000. Headlands Technologies LLC increased its holdings in Freshworks by 37.4% in the second quarter. Headlands Technologies LLC now owns 104,089 shares of the company's stock valued at $1,552,000 after purchasing an additional 28,335 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Freshworks by 292.1% in the second quarter. Tower Research Capital LLC TRC now owns 35,376 shares of the company's stock valued at $527,000 after purchasing an additional 26,354 shares during the last quarter. Finally, Topline Capital Management LLC increased its holdings in Freshworks by 27.2% in the second quarter. Topline Capital Management LLC now owns 1,933,213 shares of the company's stock valued at $28,824,000 after purchasing an additional 413,213 shares during the last quarter. Institutional investors own 75.58% of the company's stock.

Wall Street Analyst Weigh In

FRSH has been the subject of several analyst reports. Cantor Fitzgerald upgraded Freshworks to an "overweight" rating and set a $20.00 target price for the company in a research report on Tuesday, June 3rd. Wall Street Zen downgraded Freshworks from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. Finally, Piper Sandler lifted their price objective on Freshworks from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.

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