Freshworks Inc. (NASDAQ:FRSH) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Freshworks Inc. (NASDAQ:FRSH) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.92.

Several analysts recently weighed in on FRSH shares. Weiss Ratings upgraded shares of Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 29th. Wolfe Research downgraded shares of Freshworks from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. Canaccord Genuity Group raised their price objective on Freshworks from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday. Piper Sandler boosted their price target on Freshworks from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded Freshworks from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Insider Transactions at Freshworks

In other Freshworks news, CAO Philippa Lawrence sold 3,492 shares of Freshworks stock in a transaction on Monday, October 5th. The shares were sold at an average price of $12.98, for a total transaction of $45,326.16. Following the transaction, the chief accounting officer directly owned 379,639 shares of the company’s stock, valued at $4,927,714.22. The trade was a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Company insiders own 8.54% of the company’s stock.

Institutional Trading of Freshworks

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in 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 purchasing an additional 2,021,412 shares in the last quarter. Wellington Management Group LLP boosted its stake in Freshworks by 9.7% during the second quarter. Wellington Management Group LLP now owns 4,000,543 shares of the company’s stock worth $40,485,000 after buying an additional 353,714 shares during the period. Bank of America Corp DE raised its stake in shares of Freshworks by 1.4% in the first quarter. Bank of America Corp DE now owns 2,128,268 shares of the company’s stock valued at $17,090,000 after acquiring an additional 30,395 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Freshworks by 403.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock valued at $11,596,000 after purchasing an additional 1,157,277 shares during the period. Finally, Walleye Capital LLC increased its position in shares of Freshworks by 2,480.8% during the first quarter. Walleye Capital LLC now owns 1,247,655 shares of the company’s stock worth $10,019,000 after acquiring an additional 1,199,311 shares during the period. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Freshworks Stock Performance

Shares of Freshworks stock opened at $13.26 on Thursday. The company has a market cap of $3.46 billion, a P/E ratio of 50.54, a price-to-earnings-growth ratio of 9.43 and a beta of 0.80. The firm has a 50-day simple moving average of $13.48 and a two-hundred day simple moving average of $10.49. Freshworks has a fifty-two week low of $6.79 and a fifty-two week high of $15.51.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $245.43 million during the quarter, compared to the consensus estimate of $245.06 million. Freshworks had a net margin of 22.28% and a return on equity of 7.88%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. Equities research analysts forecast that Freshworks will post 0.05 EPS for the current year.

Key Stories Impacting Freshworks

Here are the key news stories impacting Freshworks this week:

• Positive Sentiment: Q3 earnings and cash generation were strong. Freshworks reported adjusted EPS of $0.22 versus the $0.18 consensus, while revenue rose 14% year over year to $245.4 million, just above estimates. The company also reported record adjusted free cash flow of $73.9 million. Read More.
• Positive Sentiment: Several analysts raised their targets. Cantor Fitzgerald lifted its target to $20 and kept an overweight rating; UBS and Canaccord raised theirs to $17 and maintained buy ratings. Piper Sandler raised its target to $15 but retained a neutral rating.
• Neutral Sentiment: Management’s 2026 outlook combines growth with a cautious tone. Freshworks forecast revenue of $965 million–$966 million and adjusted free cash flow of more than $0.94 per share. The outlook’s cautious elements may have tempered the positive earnings report. Read More.
• Negative Sentiment: Wolfe Research downgraded the stock from “outperform” to “peer perform,” adding a more cautious analyst view. Sales were only slightly above consensus, so the earnings beat may not have been enough to overcome concerns about the outlook. Read More.

Freshworks Company Profile

Freshworks Inc (NASDAQ:FRSH) develops cloud-based customer and employee engagement software for businesses of various sizes. Its products are designed to help organizations manage customer support, IT service operations, sales activities, and marketing workflows through user-friendly, artificial intelligence-enabled applications.

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