Freshworks (NASDAQ:FRSH) Shares Up 6.7% – What’s Next?

Shares of Freshworks Inc. (NASDAQ:FRSH) shot up 6.7% on Friday . The company traded as high as $8.95 and last traded at $8.9850. 6,304,330 shares traded hands during trading, a decline of 15% from the average session volume of 7,447,158 shares. The stock had previously closed at $8.42.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FRSH shares. Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Citizens Jmp dropped their price target on shares of Freshworks from $27.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 11th. Piper Sandler cut their target price on shares of Freshworks from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Morgan Stanley cut their price objective on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, UBS Group set a $11.00 price target on shares of Freshworks in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.18.

Freshworks Stock Up 5.9%

The firm has a market capitalization of $2.46 billion, a P/E ratio of 14.36 and a beta of 0.83. The stock has a fifty day moving average of $8.28 and a 200-day moving average of $10.02.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The firm had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.64 million. During the same period in the previous year, the business posted $0.18 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, analysts forecast that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mika Yamamoto sold 32,577 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the transaction, the insider owned 1,127,723 shares in the company, valued at approximately $9,529,259.35. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.54% of the stock is owned by insiders.

Institutional Trading of Freshworks

Several hedge funds and other institutional investors have recently modified their holdings of FRSH. Vanguard Group Inc. increased its stake in Freshworks by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock valued at $333,696,000 after buying an additional 922,549 shares during the last quarter. Wellington Management Group LLP grew its holdings in Freshworks by 9.2% during the fourth quarter. Wellington Management Group LLP now owns 5,359,784 shares of the company’s stock worth $65,657,000 after purchasing an additional 453,627 shares during the period. Geode Capital Management LLC increased its position in Freshworks by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,126,112 shares of the company’s stock worth $62,805,000 after buying an additional 95,720 shares during the last quarter. State Street Corp raised its stake in Freshworks by 1.2% in the 4th quarter. State Street Corp now owns 4,904,684 shares of the company’s stock valued at $60,082,000 after acquiring an additional 56,935 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Freshworks by 11.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,748,985 shares of the company’s stock valued at $58,175,000 after buying an additional 478,473 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Freshworks Company Profile

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.