Freshworks (NASDAQ:FRSH) Price Target Raised to $15.00

Freshworks (NASDAQ:FRSH) had its price target increased by Cantor Fitzgerald from $12.00 to $15.00 in a report published on Wednesday, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Morgan Stanley decreased their price objective on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Piper Sandler lifted their target price on Freshworks from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Zacks Research downgraded Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.17.

Freshworks Stock Performance

FRSH opened at $11.83 on Wednesday. The business’s 50-day simple moving average is $10.24 and its 200-day simple moving average is $9.20. Freshworks has a one year low of $6.79 and a one year high of $14.06. The stock has a market capitalization of $3.27 billion, a P/E ratio of 18.48 and a beta of 0.86.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, equities research analysts forecast that Freshworks will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling at Freshworks

In related news, Director Jennifer H. Taylor sold 6,618 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total transaction of $69,091.92. Following the sale, the director owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. The trade was a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 3,470 shares of Freshworks stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $10.13, for a total transaction of $35,151.10. Following the sale, the chief accounting officer owned 456,144 shares of the company’s stock, valued at approximately $4,620,738.72. The trade was a 0.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 27,236 shares of company stock valued at $270,331. 8.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Freshworks

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Balyasny Asset Management L.P. purchased a new position in shares of Freshworks during the 4th quarter worth approximately $31,967,000. Norges Bank acquired a new stake in shares of Freshworks during the fourth quarter valued at $31,873,000. Renaissance Technologies LLC boosted its stake in shares of Freshworks by 79.1% during the first quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock valued at $36,745,000 after acquiring an additional 2,021,412 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in Freshworks by 1,528.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock worth $20,933,000 after purchasing an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Freshworks by 132.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock worth $32,840,000 after purchasing an additional 1,590,384 shares in the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

About Freshworks

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.