Brokerages Set Freshworks Inc. (NASDAQ:FRSH) PT at $12.18

Shares of Freshworks Inc. (NASDAQ:FRSH) have received a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.25.

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

Insider Activity at Freshworks

In other Freshworks news, Director Jennifer H. Taylor sold 6,618 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total value of $69,091.92. Following the sale, the director directly owned 62,673 shares in the company, valued at approximately $654,306.12. This trade represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 10,530 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total transaction of $96,665.40. Following the transaction, the chief accounting officer directly owned 465,823 shares of the company’s stock, valued at approximately $4,276,255.14. This trade represents a 2.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,236 shares of company stock worth $270,331 in the last 90 days. 8.54% of the stock is currently owned by company insiders.

Institutional Trading of Freshworks

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

Freshworks Trading Up 5.1%

Shares of FRSH opened at $10.27 on Tuesday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 16.56 and a beta of 0.88. The stock has a 50 day moving average of $9.77 and a 200-day moving average of $9.22. Freshworks has a 52 week low of $6.79 and a 52 week high of $14.36.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The business had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.63 million. During the same period in the prior year, the company posted $0.18 EPS. The business’s 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. On average, sell-side analysts predict that Freshworks will post -0.02 earnings per share for the current fiscal year.

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.