Freshworks Inc. (NASDAQ:FRSH) Receives Consensus Rating of “Moderate Buy” from Analysts

Freshworks Inc. (NASDAQ:FRSH) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $20.00.

FRSH has been the topic of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Freshworks in a research note on Friday, September 12th. Robert W. Baird lowered their price target on shares of Freshworks from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Wells Fargo & Company started coverage on shares of Freshworks in a research report on Tuesday. They set a “cautious” rating on the stock. Piper Sandler boosted their price target on shares of Freshworks from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, Cantor Fitzgerald raised shares of Freshworks to an “overweight” rating and set a $20.00 price target on the stock in a research report on Tuesday, June 3rd.

Insider Activity at Freshworks

In other Freshworks news, insider Mika Yamamoto sold 4,289 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $13.18, for a total transaction of $56,529.02. Following the sale, the insider directly owned 533,993 shares in the company, valued at $7,038,027.74. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Philippa Lawrence sold 2,590 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $12.53, for a total transaction of $32,452.70. Following the sale, the chief accounting officer owned 415,949 shares in the company, valued at $5,211,840.97. This trade represents a 0.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,148 shares of company stock valued at $591,559 in the last quarter. Corporate insiders own 11.17% of the company’s stock.

Institutional Trading of Freshworks

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Xponance Inc. grew its position in shares of Freshworks by 5.1% during the first quarter. Xponance Inc. now owns 15,605 shares of the company’s stock worth $220,000 after buying an additional 758 shares in the last quarter. Amundi grew its position in shares of Freshworks by 1.3% during the first quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after buying an additional 1,040 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Freshworks by 7.4% during the second quarter. Verdence Capital Advisors LLC now owns 15,547 shares of the company’s stock worth $232,000 after buying an additional 1,070 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Freshworks by 11.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,694 shares of the company’s stock worth $174,000 after buying an additional 1,160 shares in the last quarter. Finally, Legato Capital Management LLC grew its position in shares of Freshworks by 4.0% during the first quarter. Legato Capital Management LLC now owns 33,080 shares of the company’s stock worth $467,000 after buying an additional 1,260 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Freshworks Price Performance

Shares of NASDAQ FRSH opened at $11.77 on Wednesday. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -65.39 and a beta of 0.94. Freshworks has a 12 month low of $10.81 and a 12 month high of $19.77. The firm’s 50 day simple moving average is $13.12 and its 200-day simple moving average is $14.03.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $204.68 million for the quarter, compared to analysts’ expectations of $198.85 million. Freshworks had a negative net margin of 7.02% and a negative return on equity of 2.56%. The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. Freshworks has set its FY 2025 guidance at 0.560-0.580 EPS. Q3 2025 guidance at 0.120-0.140 EPS. Analysts anticipate that Freshworks will post -0.19 earnings per share for the current fiscal year.

Freshworks Company Profile

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.