Freshworks Inc. (NASDAQ:FRSH) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Freshworks Inc. (NASDAQ:FRSH) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.46.

FRSH has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on shares of Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. UBS Group lifted their price objective on shares of Freshworks from $11.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 29th. Finally, Guggenheim started coverage on Freshworks in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price target for the company.

Insider Buying and Selling

In other news, CAO Philippa Lawrence sold 3,492 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $12.98, for a total value of $45,326.16. Following the completion of the sale, the chief accounting officer directly owned 379,639 shares in the company, valued at $4,927,714.22. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 8.54% of the company’s stock.

Institutional Investors Weigh In On Freshworks

Institutional investors have recently added to or reduced their stakes in the stock. Generation Investment Management LLP acquired a new stake in shares of Freshworks in the second quarter valued at about $6,392,000. Assenagon Asset Management S.A. acquired a new position in shares of Freshworks during the 2nd quarter worth about $2,565,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Freshworks by 403.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock valued at $11,596,000 after buying an additional 1,157,277 shares in the last quarter. First Trust Advisors LP boosted its holdings in Freshworks by 209.6% in the 1st quarter. First Trust Advisors LP now owns 262,849 shares of the company’s stock worth $2,111,000 after buying an additional 177,963 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Freshworks by 80.7% during the 1st quarter. Principal Financial Group Inc. now owns 765,475 shares of the company’s stock worth $6,147,000 after buying an additional 341,947 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Freshworks Trading Up 0.3%

Shares of FRSH stock opened at $13.64 on Friday. The stock has a 50 day moving average of $12.66 and a 200 day moving average of $10.44. The stock has a market cap of $3.56 billion, a P/E ratio of 21.31, a P/E/G ratio of 9.07 and a beta of 0.90. Freshworks has a twelve month low of $6.79 and a twelve month high of $14.37.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, research analysts predict that Freshworks will post 0.05 earnings per share for the current fiscal year.

Freshworks Company Profile

Freshworks Inc (NASDAQ:FRSH) develops cloud-based software designed to help businesses manage customer and employee experiences. Its products are intended for organizations of various sizes and emphasize ease of use, rapid deployment and integration with other business applications.

The company’s product portfolio includes Freshdesk for customer support and service management, Freshservice for IT service management, Freshsales for customer relationship management, Freshchat for messaging and conversational engagement, and Freshmarketer for marketing automation and optimization.