The Core Question for Freshworks Investors: Does a $400 Million Buyback Matter If AI Breaks the Business Model?

The Core Question for Freshworks Investors: Does a $400 Million Buyback Matter If AI Breaks the Business Model?

Quick Read Freshworks (FRSH) authorized a $400 million share repurchase program in February 2026 while holding $844 million in cash and generating $223 million in adjusted free cash flow in 2025, with CEO Dennis Woodside purchasing 301,100 shares across two transactions as insider buying accelerates. The stock trades at a trailing P/E of 13x and 2.7x price-to-sales with a $12.57 analyst consensus target, though 2026 adjusted EPS guidance of $0.…