Freshworks (NASDAQ:FRSH) Raised to Buy at Wall Street Zen

Freshworks (NASDAQ:FRSH) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research firms have also recently commented on FRSH. Zacks Research cut Freshworks from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. UBS Group upped their price objective on shares of Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird set a $13.00 price objective on Freshworks in a report on Wednesday. Cantor Fitzgerald boosted their price objective on Freshworks from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, Piper Sandler upped their target price on Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Freshworks currently has an average rating of “Hold” and an average target price of $14.17.

Freshworks Stock Down 0.1%

FRSH stock opened at $11.83 on Friday. The company’s 50-day moving average price is $10.24 and its two-hundred day moving average price is $9.19. The firm has a market cap of $3.27 billion, a P/E ratio of 18.48 and a beta of 0.86. Freshworks has a 12 month low of $6.79 and a 12 month high of $14.06.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The business had revenue of $237.38 million for the quarter, compared to analysts’ expectations of $233.62 million. During the same period last year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue 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. Equities analysts predict that Freshworks will post -0.01 EPS for the current year.

Insider Transactions at Freshworks

In other Freshworks news, Director Jennifer H. Taylor sold 6,618 shares of the company’s stock in a transaction on 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. This represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $10.13, for a total value of $35,151.10. Following the completion of 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 SEC filing for this sale provides additional information. 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. Insiders sold a total of 27,236 shares of company stock worth $270,331 over the last three months. 8.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Freshworks

A number of institutional investors and hedge funds have recently modified their holdings of the business. Balyasny Asset Management L.P. bought a new stake in shares of Freshworks in the 4th quarter valued at $31,967,000. Norges Bank acquired a new position in shares of Freshworks during the 4th quarter valued at $31,873,000. Renaissance Technologies LLC boosted 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 worth $36,745,000 after acquiring an additional 2,021,412 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Freshworks by 1,528.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock worth $20,933,000 after acquiring an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Freshworks by 132.6% in the third 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 during the period. 75.58% of the stock is currently owned by 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.