CenterBook Partners LP Takes $1.10 Million Position in Freshworks Inc. $FRSH

CenterBook Partners LP acquired a new stake in Freshworks Inc. (NASDAQ:FRSH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 93,515 shares of the company’s stock, valued at approximately $1,101,000.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in Freshworks by 34.1% in the second quarter. Envestnet Asset Management Inc. now owns 110,654 shares of the company’s stock worth $1,650,000 after acquiring an additional 28,152 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Freshworks by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock worth $72,414,000 after buying an additional 75,688 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Freshworks in the third quarter valued at about $5,083,000. Pier 88 Investment Partners LLC lifted its stake in Freshworks by 68.6% in the 2nd quarter. Pier 88 Investment Partners LLC now owns 80,680 shares of the company’s stock valued at $1,203,000 after buying an additional 32,830 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of Freshworks by 744.6% in the second quarter. Edgestream Partners L.P. now owns 367,873 shares of the company’s stock valued at $5,485,000 after acquiring an additional 324,319 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Wall Street Analyst Weigh In

FRSH has been the subject of a number of recent analyst reports. Oppenheimer set a $15.00 target price on shares of Freshworks in a research report on Wednesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Freshworks in a research report on Wednesday, February 11th. Citizens Jmp lowered their price objective on shares of Freshworks from $27.00 to $16.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 11th. Canaccord Genuity Group set a $14.00 price target on shares of Freshworks in a research note on Wednesday, February 11th. Finally, UBS Group set a $11.00 price target on shares of Freshworks in a research report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.92.

Freshworks Stock Performance

Shares of NASDAQ FRSH opened at $7.46 on Friday. The firm has a market cap of $2.10 billion, a P/E ratio of 11.66 and a beta of 0.89. The stock has a fifty day moving average price of $10.77 and a two-hundred day moving average price of $11.74. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $18.02.

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

Insider Buying and Selling at Freshworks

In other Freshworks news, insider Mika Yamamoto sold 15,012 shares of Freshworks stock in a transaction on Friday, December 5th. The shares were sold at an average price of $13.00, for a total transaction of $195,156.00. Following the completion of the sale, the insider owned 490,350 shares of the company’s stock, valued at $6,374,550. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Philippa Lawrence sold 5,846 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $12.06, for a total transaction of $70,502.76. Following the transaction, the chief accounting officer 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 21,623 shares of company stock worth $274,540. Company insiders own 11.17% of the company’s stock.

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.