Freshworks Inc. (NASDAQ:FRSH) Receives $12.18 Average Price Target from Analysts

Shares of Freshworks Inc. (NASDAQ:FRSH) have earned an average recommendation of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.25.

A number of brokerages have recently commented on FRSH. Wall Street Zen downgraded shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Weiss Ratings lowered shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Finally, Morgan Stanley lowered their target price on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th.

Freshworks Stock Up 5.4%

Shares of NASDAQ:FRSH opened at $10.82 on Tuesday. The company has a market capitalization of $2.99 billion, a P/E ratio of 17.45 and a beta of 0.88. Freshworks has a 52-week low of $6.79 and a 52-week high of $14.36. The stock’s fifty day simple moving average is $9.80 and its 200-day simple moving average is $9.19.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.63 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. On average, sell-side analysts anticipate that Freshworks will post -0.02 earnings per share for the current year.

Insider Activity

In related news, CAO Philippa Lawrence sold 3,470 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $10.13, for a total transaction of $35,151.10. Following the transaction, the chief accounting officer directly owned 456,144 shares in the company, valued at approximately $4,620,738.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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. Also, Director Jennifer H. Taylor sold 6,618 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was 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 approximately $654,306.12. The trade was a 9.55% 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. Insiders sold a total of 27,236 shares of company stock valued at $270,331 over the last quarter. Company insiders own 8.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. IFP Advisors Inc increased its position in Freshworks by 954.9% during the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after purchasing an additional 1,948 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Freshworks during the fourth quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in Freshworks during the fourth quarter worth approximately $36,000. Allworth Financial LP increased its position in shares of Freshworks by 479.9% in the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Freshworks by 164.0% in the first quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock worth $49,000 after acquiring an additional 3,824 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

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.