Freshworks (NASDAQ:FRSH) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Freshworks (NASDAQ:FRSH) from a buy rating to a hold rating in a report released on Sunday morning.

Other equities research analysts also recently issued reports about the company. Citizens Jmp cut their target price on Freshworks from $27.00 to $16.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 11th. Oppenheimer cut Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. BTIG Research initiated coverage on Freshworks in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. Robert W. Baird set a $10.00 price objective on Freshworks in a report on Wednesday, February 11th. Finally, Wells Fargo & Company decreased their target price on Freshworks from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.92.

Freshworks Stock Down 0.1%

Shares of FRSH opened at $8.03 on Friday. The firm has a market capitalization of $2.28 billion, a PE ratio of 12.55 and a beta of 0.93. The firm has a 50-day moving average price of $8.61 and a 200 day moving average price of $10.74. Freshworks has a 52-week low of $6.79 and a 52-week high of $16.14.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $222.74 million for the quarter, compared to the consensus estimate of $218.76 million. Freshworks had a net margin of 21.90% and a return on equity of 4.69%. Freshworks’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous 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. On average, equities analysts expect that Freshworks will post -0.19 EPS for the current year.

Insider Transactions at Freshworks

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total value of $275,275.65. Following the transaction, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.17% of the company’s stock.

Hedge Funds Weigh In On Freshworks

A number of hedge funds have recently modified their holdings of FRSH. Summit Securities Group LLC purchased a new stake in shares of Freshworks during the fourth quarter valued at $26,000. IFP Advisors Inc increased its stake in Freshworks by 954.9% in the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after purchasing an additional 1,948 shares in the last quarter. Rothschild Investment LLC increased its stake in Freshworks by 560.0% in the 3rd quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock worth $27,000 after purchasing an additional 1,932 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Freshworks during the 3rd quarter worth about $27,000. Finally, SBI Securities Co. Ltd. lifted its stake in Freshworks by 136.2% during the third quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after buying an additional 1,583 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

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.