Freshworks (NASDAQ:FRSH) Reaches New 1-Year High – Here’s What Happened

Freshworks Inc. (NASDAQ:FRSH) reached a new 52-week high on Friday . The company traded as high as $13.93 and last traded at $13.81, with a volume of 262308 shares traded. The stock had previously closed at $13.69.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FRSH shares. Piper Sandler increased their price objective on Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Morgan Stanley dropped their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Guggenheim assumed coverage on Freshworks in a research note on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price target for the company. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Finally, Wall Street Zen raised Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

Freshworks Trading Up 1.5%

The business’s fifty day moving average price is $11.13 and its two-hundred day moving average price is $9.39. The firm has a market cap of $3.63 billion, a P/E ratio of 21.72, a P/E/G ratio of 10.76 and a beta of 0.86.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The business had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. During the same quarter in the prior year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. Research analysts predict that Freshworks Inc. will post 0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total value of $69,422.82. Following the completion of the sale, the director directly owned 47,270 shares in the company, valued at approximately $495,862.30. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the sale, the director directly owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. This represents a 9.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,236 shares of company stock valued at $270,331 over the last 90 days. 8.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Freshworks during the 4th quarter worth $26,000. IFP Advisors Inc grew its position in shares of Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after purchasing an additional 1,948 shares during the last quarter. Nykredit A S bought a new position in shares of Freshworks in the second quarter worth about $28,000. Cullen Frost Bankers Inc. bought a new position in shares of Freshworks in the fourth quarter worth about $36,000. Finally, Allworth Financial LP lifted its position in shares of Freshworks by 479.9% during the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after purchasing an additional 2,649 shares during the last quarter. Institutional investors 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.