Freshworks (NASDAQ:FRSH) Stock: Insider Philippa Lawrence Sells 3,492 Shares

Key Points

• Freshworks Chief Accounting Officer Philippa Lawrence sold 3,492 shares at an average price of $12.98, worth approximately $45,326. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, leaving her with 379,639 shares.
• Freshworks shares traded at $13.22, near their 52-week high of $13.99, with a market capitalization of approximately $3.45 billion. The stock has risen above both its 50-day and 200-day moving averages.
• The company’s latest quarterly results exceeded expectations, with EPS of $0.17 versus the $0.13 consensus and revenue up 16% year over year to $237.38 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $14.46.

Freshworks Inc. (NASDAQ:FRSH - Get Free Report) CAO Philippa Lawrence sold 3,492 shares of the company's stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $12.98, for a total value of $45,326.16. Following the completion of the transaction, the chief accounting officer directly owned 379,639 shares in the company, valued at $4,927,714.22. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 Wednesday, September 2nd, Philippa Lawrence sold 52,767 shares of Freshworks stock. The stock was sold at an average price of $13.25, for a total value of $699,162.75.

Freshworks Stock Performance

Shares of FRSH stock traded up $0.44 during mid-day trading on Monday, hitting $13.22. The company's stock had a trading volume of 3,567,055 shares, compared to its average volume of 9,998,310. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 8.52 and a beta of 0.90. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $13.99. The business has a 50-day moving average price of $12.47 and a 200 day moving average price of $10.29.

Freshworks (NASDAQ:FRSH - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The company had revenue of $237.38 million for the quarter, compared to analysts' expectations of $233.62 million. During the same period last year, the firm posted $0.18 earnings per share. Freshworks's revenue was up 16.0% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. Equities research analysts predict that Freshworks Inc. will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Freshworks

Institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC purchased a new stake in Freshworks during the second quarter valued at approximately $374,000. Integrated Wealth Concepts LLC increased its stake in shares of Freshworks by 116.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 44,010 shares of the company's stock worth $445,000 after purchasing an additional 23,632 shares in the last quarter. NewEdge Advisors LLC bought a new position in Freshworks in the 2nd quarter worth $110,000. IFP Advisors Inc raised its holdings in Freshworks by 51.6% in the 2nd quarter. IFP Advisors Inc now owns 8,120 shares of the company's stock worth $82,000 after purchasing an additional 2,765 shares during the period. Finally, Allworth Financial LP lifted its position in Freshworks by 149.9% during the second quarter. Allworth Financial LP now owns 20,936 shares of the company's stock valued at $212,000 after purchasing an additional 12,559 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company's stock.

Wall Street Analysts Forecast Growth

FRSH has been the subject of a number of research analyst reports. Zacks Research lowered shares of Freshworks from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 10th. 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 objective on the stock. Cantor Fitzgerald lifted their target price on shares of Freshworks from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Freshworks from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, September 29th. Finally, Piper Sandler boosted their target price on shares of Freshworks from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Freshworks has an average rating of "Moderate Buy" and an average price target of $14.46.

Freshworks Company Profile

Freshworks Inc NASDAQ: FRSH develops cloud-based software designed to help businesses manage customer and employee experiences. Its products are intended for organizations of various sizes and emphasize ease of use, rapid deployment and integration with other business applications.

The company's product portfolio includes Freshdesk for customer support and service management, Freshservice for IT service management, Freshsales for customer relationship management, Freshchat for messaging and conversational engagement, and Freshmarketer for marketing automation and optimization.

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