Freshworks (NASDAQ:FRSH) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Freshworks (NASDAQ:FRSH) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other research analysts have also recently issued reports on the company. BTIG Research initiated coverage on Freshworks in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. Canaccord Genuity Group set a $14.00 target price on Freshworks in a research note on Wednesday, February 11th. Robert W. Baird set a $10.00 target price on Freshworks in a report on Wednesday, February 11th. Jefferies Financial Group lowered Freshworks from a “buy” rating to a “hold” rating and reduced their price target for the stock from $20.00 to $8.00 in a research report on Monday, February 23rd. Finally, Zacks Research cut Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.92.

Freshworks Stock Performance

Shares of FRSH opened at $8.03 on Friday. Freshworks has a fifty-two week low of $6.79 and a fifty-two week high of $16.48. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 12.55 and a beta of 0.93. The firm has a 50 day moving average price of $9.08 and a 200-day moving average price of $11.00.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, February 10th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $222.74 million for the quarter, compared to analyst estimates of $218.76 million. Freshworks had a net margin of 21.90% and a return on equity of 4.69%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $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 research analysts predict that Freshworks will post -0.19 earnings per share for the current year.

Insider Activity

In other news, insider Mika Yamamoto sold 32,577 shares of the company’s stock in a transaction dated 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 directly owned 1,127,723 shares of the company’s stock, valued at approximately $9,529,259.35. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.17% of the company’s stock.

Institutional Trading of Freshworks

Large investors have recently modified their holdings of the business. Invesco Ltd. raised its position in Freshworks by 8.3% during the 4th quarter. Invesco Ltd. now owns 304,088 shares of the company’s stock valued at $3,725,000 after purchasing an additional 23,211 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Freshworks by 337.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 45,364 shares of the company’s stock worth $556,000 after buying an additional 34,997 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Freshworks during the fourth quarter valued at approximately $266,000. Mackenzie Financial Corp increased its stake in shares of Freshworks by 14.0% during the fourth quarter. Mackenzie Financial Corp now owns 267,277 shares of the company’s stock valued at $3,289,000 after buying an additional 32,914 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings 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 valued at $58,175,000 after acquiring an additional 478,473 shares in the last quarter. 75.58% of the stock is 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.