Principal Financial Group Inc. Has $3.39 Million Stock Position in Freshworks Inc. $FRSH

Principal Financial Group Inc. lowered its holdings in shares of Freshworks Inc. (NASDAQ:FRSH) by 43.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 288,300 shares of the company’s stock after selling 221,182 shares during the quarter. Principal Financial Group Inc. owned about 0.10% of Freshworks worth $3,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of FRSH. Amundi raised its holdings in Freshworks by 1.3% during the first quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after buying an additional 1,040 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Freshworks by 11.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,694 shares of the company’s stock valued at $174,000 after acquiring an additional 1,160 shares in the last quarter. Covestor Ltd lifted its holdings in Freshworks by 25.0% in the 3rd quarter. Covestor Ltd now owns 7,393 shares of the company’s stock worth $87,000 after purchasing an additional 1,479 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Freshworks by 1.6% during the third quarter. Teacher Retirement System of Texas now owns 97,787 shares of the company’s stock worth $1,151,000 after purchasing an additional 1,578 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Freshworks during the second quarter valued at approximately $25,000. 75.58% of the stock is currently owned by institutional investors.

Freshworks Stock Performance

NASDAQ:FRSH opened at $7.24 on Tuesday. The firm’s 50-day moving average is $11.23 and its 200-day moving average is $11.88. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 11.31 and a beta of 0.89. Freshworks Inc. has a 52-week low of $6.79 and a 52-week high of $18.17.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, February 10th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Freshworks had a return on equity of 4.77% and a net margin of 21.90%.The business had revenue of $222.74 million for the quarter, compared to the consensus estimate of $218.76 million. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. Equities analysts predict that Freshworks Inc. will post -0.19 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FRSH shares. Robert W. Baird set a $10.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th. Cantor Fitzgerald dropped their target price on shares of Freshworks from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. BTIG Research started coverage on shares of Freshworks in a report on Tuesday, December 16th. They set a “neutral” rating for the company. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th. Finally, UBS Group set a $11.00 price objective on Freshworks in a research report on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.92.

Insiders Place Their Bets

In related news, CAO Philippa Lawrence sold 5,846 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $12.06, for a total value of $70,502.76. Following the completion of the transaction, the chief accounting officer directly owned 392,711 shares in the company, valued at approximately $4,736,094.66. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mika Yamamoto sold 15,012 shares of Freshworks stock in a transaction on Friday, December 5th. The stock was sold at an average price of $13.00, for a total transaction of $195,156.00. Following the sale, the insider owned 490,350 shares in the company, valued at $6,374,550. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,623 shares of company stock valued at $274,540 over the last 90 days. 11.17% of the stock is currently owned by corporate insiders.

Freshworks Profile

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.