Freshworks Inc. (NASDAQ:FRSH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Freshworks Inc. (NASDAQ:FRSH) have earned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.1667.

Several research firms have issued reports on FRSH. Citigroup restated a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Guggenheim began coverage on Freshworks in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price target on the stock. Cantor Fitzgerald raised their price target on Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Piper Sandler lifted their price objective on shares of Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Freshworks from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th.

Insider Buying and Selling

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 shares were sold at an average price of $10.49, for a total transaction of $69,422.82. Following the completion of the sale, the director directly owned 47,270 shares in the company, valued at $495,862.30. This trade represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total value of $69,091.92. Following the sale, the director owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. This represents a 9.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 80,003 shares of company stock valued at $969,494. Company insiders own 8.54% of the company’s stock.

Institutional Trading of Freshworks

Several hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Freshworks by 9.2% in the 4th quarter. Wellington Management Group LLP now owns 5,359,784 shares of the company’s stock valued at $65,657,000 after buying an additional 453,627 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Freshworks by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,126,112 shares of the company’s stock worth $62,805,000 after buying an additional 95,720 shares in the last quarter. State Street Corp boosted its position in shares of Freshworks by 1.2% in the fourth quarter. State Street Corp now owns 4,904,684 shares of the company’s stock valued at $60,082,000 after acquiring an additional 56,935 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Freshworks by 11.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,748,985 shares of the company’s stock valued at $58,175,000 after acquiring an additional 478,473 shares in the last quarter. Finally, Renaissance Technologies LLC grew 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 acquiring an additional 2,021,412 shares in the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

Freshworks Stock Performance

NASDAQ FRSH opened at $11.89 on Wednesday. The firm has a market capitalization of $3.10 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 9.91 and a beta of 0.89. The firm’s fifty day moving average price is $11.82 and its two-hundred day moving average price is $9.80. Freshworks has a 1 year low of $6.79 and a 1 year high of $13.99.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The company had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. During the same period in the previous year, the business earned $0.18 EPS. Freshworks’s revenue for the quarter was up 16.0% compared to the same quarter last year. 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, research analysts anticipate that Freshworks will post 0.04 EPS for the current fiscal year.

Freshworks Company Profile

Freshworks Inc (NASDAQ: FRSH) develops cloud-based software designed to help businesses manage customer and employee experiences. Its platform is intended for organizations of various sizes and combines tools for customer support, IT service management, sales, marketing and other business functions.

The company’s product portfolio includes Freshdesk for customer service and support, Freshservice for IT and employee service management, Freshsales for customer relationship management, and Freshmarketer for marketing automation and optimization.