Freshworks (NASDAQ:FRSH) Trading Up 5.8% – What’s Next?

Freshworks Inc. (NASDAQ:FRSH) shares shot up 5.8% on Tuesday . The company traded as high as $10.69 and last traded at $10.7550. Approximately 5,571,282 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 10,623,600 shares. The stock had previously closed at $10.17.

Analysts Set New Price Targets

FRSH has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Morgan Stanley dropped their price objective on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Zacks Research raised shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.18.

Freshworks Stock Performance

The business’s 50 day moving average is $9.31 and its 200-day moving average is $9.35. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 16.07 and a beta of 0.88.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The firm had revenue of $228.63 million during the quarter, compared to analyst estimates of $223.63 million. During the same quarter in the previous year, the business earned $0.18 EPS. The business’s revenue was up 16.5% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. Equities research analysts forecast that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Insider Transactions at Freshworks

In other Freshworks news, Director Barry L. Padgett sold 6,618 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total value of $69,422.82. Following the sale, the director owned 47,270 shares of the company’s stock, valued at $495,862.30. This trade represents a 12.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total value of $69,091.92. Following the completion of the sale, the director directly owned 62,673 shares in the company, valued at $654,306.12. This trade represents a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 27,236 shares of company stock worth $270,331. Company insiders own 8.54% of the company’s stock.

Institutional Trading of Freshworks

Hedge funds have recently bought and sold shares of the stock. Balyasny Asset Management L.P. bought a new position in shares of Freshworks during the 4th quarter worth about $31,967,000. Norges Bank bought a new stake in shares of Freshworks in the fourth quarter valued at about $31,873,000. Renaissance Technologies LLC lifted its stake in shares of Freshworks by 79.1% in the first quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock valued at $36,745,000 after buying an additional 2,021,412 shares during the period. Jupiter Asset Management Ltd. grew its position in Freshworks by 1,528.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock worth $20,933,000 after buying an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Freshworks by 132.6% during the third quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock valued at $32,840,000 after acquiring an additional 1,590,384 shares during the period. 75.58% of the stock is owned by institutional investors.

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.