SG Americas Securities LLC Acquires 63,731 Shares of Freshworks Inc. $FRSH

SG Americas Securities LLC grew its position in Freshworks Inc. (NASDAQ:FRSH) by 136.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,351 shares of the company’s stock after purchasing an additional 63,731 shares during the quarter. SG Americas Securities LLC’s holdings in Freshworks were worth $1,352,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Amundi lifted its position in shares of Freshworks by 1.3% during the 1st quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after acquiring an additional 1,040 shares during the period. Inceptionr LLC lifted its position in shares of Freshworks by 3.6% during the 3rd quarter. Inceptionr LLC now owns 33,583 shares of the company’s stock valued at $395,000 after acquiring an additional 1,174 shares during the period. Covestor Ltd lifted its position in shares of Freshworks by 25.0% during the 3rd quarter. Covestor Ltd now owns 7,393 shares of the company’s stock valued at $87,000 after acquiring an additional 1,479 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Freshworks by 1.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 97,787 shares of the company’s stock valued at $1,151,000 after acquiring an additional 1,578 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in shares of Freshworks by 136.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after acquiring an additional 1,583 shares during the period. 75.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the transaction, the insider owned 1,127,723 shares in the company, valued at approximately $9,529,259.35. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 11.17% of the company’s stock.

Freshworks Trading Down 1.5%

FRSH opened at $8.13 on Wednesday. The company’s fifty day moving average price is $8.26 and its two-hundred day moving average price is $10.58. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $16.14. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 12.70 and a beta of 0.87.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Freshworks had a net margin of 21.90% and a return on equity of 4.69%. The firm had revenue of $222.74 million for the quarter, compared to the consensus estimate of $218.76 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. As a group, equities analysts forecast that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FRSH has been the topic of a number of research reports. Citizens Jmp dropped their target price on shares of Freshworks from $27.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 11th. Oppenheimer downgraded shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. 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 research report on Wednesday, February 11th. Canaccord Genuity Group set a $14.00 price objective on shares of Freshworks in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $10.00 price objective on shares of Freshworks in a report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Freshworks currently has a consensus rating of “Hold” and an average target price of $12.92.

Freshworks Company 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.