Freshworks (NASDAQ:FRSH) CAO Philippa Lawrence Sells 52,767 Shares

Key Points

• Freshworks CAO Philippa Lawrence sold 52,767 shares at an average price of $13.25, generating approximately $699,163. The transaction was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards, reducing her holdings by 11.94%.
• Freshworks shares rose 1.3% to $13.36, near the company’s 52-week high of $13.99. In its latest quarter, the company beat analyst expectations with adjusted EPS of $0.17 and revenue of $237.38 million, up 16% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $14.17, while institutional investors own approximately 75.58% of the company.

Freshworks Inc. (NASDAQ:FRSH - Get Free Report) CAO Philippa Lawrence sold 52,767 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $13.25, for a total value of $699,162.75. Following the transaction, the chief accounting officer directly owned 389,296 shares in the company, valued at approximately $5,158,172. This trade represents a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Philippa Lawrence also recently made the following trade(s):

• On Monday, July 6th, Philippa Lawrence sold 3,470 shares of Freshworks stock. The shares were sold at an average price of $10.13, for a total value of $35,151.10.
• On Wednesday, June 17th, Philippa Lawrence sold 10,530 shares of Freshworks stock. The stock was sold at an average price of $9.18, for a total value of $96,665.40.

Freshworks Stock Up 1.3%

FRSH traded up $0.17 during trading on Thursday, hitting $13.36. 3,522,022 shares of the company's stock were exchanged, compared to its average volume of 10,703,688. Freshworks Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $13.99. The stock has a market cap of $3.49 billion, a P/E ratio of 20.88, a PEG ratio of 11.22 and a beta of 0.89. The business's 50 day moving average is $11.49 and its two-hundred day moving average is $9.55.

Freshworks (NASDAQ:FRSH - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $237.38 million during the quarter, compared to analysts' expectations of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The business's revenue was up 16.0% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. 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, sell-side analysts forecast that Freshworks Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on FRSH shares. Wall Street Zen raised shares of Freshworks from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Morgan Stanley cut their price objective on Freshworks from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Monday, May 11th. Robert W. Baird set a $13.00 target price on Freshworks in a research report on Wednesday, August 5th. Weiss Ratings upgraded Freshworks from a "sell (d)" rating to a "hold (c-)" rating in a research note on Tuesday, August 18th. Finally, Guggenheim initiated coverage on shares of Freshworks in a research report on Wednesday, July 22nd. They set a "buy" rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $14.17.

Institutional Investors Weigh In On Freshworks

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Freshworks by 120.8% during the first quarter. Royal Bank of Canada now owns 21,388 shares of the company's stock worth $302,000 after purchasing an additional 11,703 shares during the period. Amundi grew its position in shares of Freshworks by 1.3% in the first quarter. Amundi now owns 80,074 shares of the company's stock valued at $1,049,000 after purchasing an additional 1,040 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Freshworks by 35.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company's stock valued at $31,396,000 after purchasing an additional 578,628 shares during the period. Woodline Partners LP lifted its holdings in Freshworks by 13.5% during the 1st quarter. Woodline Partners LP now owns 21,569 shares of the company's stock worth $304,000 after purchasing an additional 2,571 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Freshworks by 20.2% in the first quarter. Focus Partners Wealth now owns 12,399 shares of the company's stock valued at $175,000 after acquiring an additional 2,086 shares during the period. Hedge funds and other institutional investors own 75.58% of the company's stock.

About Freshworks

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.

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