Cantor Fitzgerald Has Lowered Expectations for Freshworks (NASDAQ:FRSH) Stock Price

Freshworks (NASDAQ:FRSHGet Free Report) had its price objective dropped by investment analysts at Cantor Fitzgerald from $15.00 to $12.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 37.46% from the company’s previous close.

A number of other research firms have also issued reports on FRSH. BTIG Research started coverage on shares of Freshworks in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Wall Street Zen downgraded Freshworks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Freshworks in a research report on Wednesday. UBS Group reiterated a “buy” rating and set a $17.00 target price on shares of Freshworks in a report on Friday, November 14th. Finally, Zacks Research cut Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.62.

Get Our Latest Report on FRSH

Freshworks Trading Up 1.2%

Shares of FRSH stock opened at $8.73 on Wednesday. The business’s 50 day moving average is $11.67 and its two-hundred day moving average is $12.06. Freshworks has a twelve month low of $8.45 and a twelve month high of $18.77. The company has a market capitalization of $2.46 billion, a P/E ratio of -87.29 and a beta of 0.89.

Freshworks (NASDAQ:FRSHGet Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $222.74 million during the quarter, compared to the consensus estimate of $218.76 million. Freshworks had a negative return on equity of 0.37% and a negative net margin of 3.65%.The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. As a group, equities analysts predict that Freshworks will post -0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mika Yamamoto sold 15,012 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $13.00, for a total transaction of $195,156.00. Following the sale, the insider owned 490,350 shares of the company’s stock, valued at $6,374,550. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Philippa Lawrence sold 5,846 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $12.06, for a total value of $70,502.76. Following the transaction, the chief accounting officer directly owned 392,711 shares of the company’s stock, valued at $4,736,094.66. This represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,267 shares of company stock worth $282,301 in the last quarter. Company insiders own 11.17% of the company’s stock.

Hedge Funds Weigh In On Freshworks

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd acquired a new stake in Freshworks during the 4th quarter worth about $448,000. Vise Technologies Inc. raised its holdings in shares of Freshworks by 16.1% during the fourth quarter. Vise Technologies Inc. now owns 16,283 shares of the company’s stock valued at $199,000 after acquiring an additional 2,253 shares during the period. Globeflex Capital L P purchased a new stake in shares of Freshworks in the 4th quarter valued at approximately $613,000. State of Wyoming boosted its stake in Freshworks by 53.0% in the 4th quarter. State of Wyoming now owns 68,837 shares of the company’s stock worth $843,000 after purchasing an additional 23,847 shares during the period. Finally, Norges Bank purchased a new position in Freshworks during the 4th quarter worth approximately $31,873,000. Institutional investors and hedge funds own 75.58% of the company’s stock.

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Freshworks Company Profile

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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.

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