Freshworks Inc. (NASDAQ:FRSH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Freshworks Inc. (NASDAQ:FRSH) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $14.4615.

Several brokerages recently weighed in on FRSH. KeyCorp began coverage on Freshworks in a research note on Monday. They issued an “overweight” rating and a $18.00 price target for the company. Weiss Ratings raised shares of Freshworks from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Citigroup restated a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Robert W. Baird set a $13.00 price objective on shares of Freshworks in a research report on Wednesday, August 5th. Finally, UBS Group lifted their target price on Freshworks from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th.

Freshworks Price Performance

Shares of FRSH stock opened at $12.66 on Wednesday. Freshworks has a 1 year low of $6.79 and a 1 year high of $13.99. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 10.53 and a beta of 0.89. The business has a fifty day moving average of $11.91 and a 200 day moving average of $9.88.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $237.38 million during the quarter, compared to analysts’ expectations of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. As a group, equities research analysts expect that Freshworks will post 0.04 earnings per share for the current year.

Insider Transactions at Freshworks

In related news, Director Barry L. Padgett sold 6,618 shares of the company’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 sale, the director directly owned 47,270 shares of the company’s stock, valued at $495,862.30. This represents a 12.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 52,767 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $13.25, for a total value of $699,162.75. Following the transaction, the chief accounting officer directly owned 389,296 shares of the company’s stock, valued at $5,158,172. The trade was a 11.94% 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 69,473 shares of company stock worth $872,829 over the last ninety days. Company insiders own 8.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FRSH. Wellington Management Group LLP increased its position in shares of 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 purchasing an additional 353,714 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of 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 during the last quarter. Norges Bank purchased a new position in shares of Freshworks during the fourth quarter worth approximately $31,873,000. Jupiter Asset Management Ltd. increased its holdings in shares of Freshworks by 1,528.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock valued at $20,933,000 after acquiring an additional 1,603,887 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Freshworks by 1.4% in the 1st 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. 75.58% of the stock is owned by institutional investors and hedge funds.

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.