Freshworks (NASDAQ:FRSH) Updates Q1 2025 Earnings Guidance

Freshworks (NASDAQ:FRSH) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.120-0.140 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $190.0 million-$193.0 million, compared to the consensus revenue estimate of $192.3 million. Freshworks also updated its FY 2025 guidance to 0.520-0.540 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JMP Securities lifted their price target on Freshworks from $21.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 7th. Robert W. Baird cut their target price on shares of Freshworks from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Cantor Fitzgerald increased their price target on shares of Freshworks from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler raised their price objective on shares of Freshworks from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Canaccord Genuity Group upped their target price on shares of Freshworks from $19.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.86.

Freshworks Price Performance

NASDAQ FRSH traded down $0.10 on Wednesday, hitting $17.76. 3,049,347 shares of the company’s stock were exchanged, compared to its average volume of 3,937,527. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of -51.99 and a beta of 0.91. The firm’s 50-day moving average price is $16.94 and its two-hundred day moving average price is $14.05. Freshworks has a fifty-two week low of $10.81 and a fifty-two week high of $21.61.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). Freshworks had a negative return on equity of 8.57% and a negative net margin of 14.80%. On average, research analysts predict that Freshworks will post -0.35 earnings per share for the current fiscal year.

Insider Transactions at Freshworks

In related news, Chairman Rathnagirish Mathrubootham sold 835,000 shares of Freshworks stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $16.08, for a total transaction of $13,426,800.00. Following the completion of the transaction, the chairman now directly owns 551,137 shares of the company’s stock, valued at approximately $8,862,282.96. The trade was a 60.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mika Yamamoto sold 2,859 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.29, for a total value of $52,291.11. Following the completion of the sale, the insider now directly owns 397,390 shares in the company, valued at $7,268,263.10. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,727,211 shares of company stock valued at $27,224,746 in the last ninety days. 19.15% of the stock is currently owned by company insiders.

About Freshworks

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.