KeyCorp Issues Pessimistic Estimate for Freshworks Earnings

Freshworks Inc. (NASDAQ:FRSH) – Equities researchers at KeyCorp decreased their FY2026 EPS estimates for Freshworks in a research report issued to clients and investors on Tuesday, November 3rd. KeyCorp analyst J. Ader now expects that the company will earn $0.09 per share for the year, down from their previous estimate of $0.10. KeyCorp has an “Overweight” rating and a $18.00 price target on the stock. The consensus estimate for Freshworks’ current full-year earnings is $0.06 per share. KeyCorp also issued estimates for Freshworks’ Q4 2026 earnings at $0.03 EPS and FY2027 earnings at $0.11 EPS.

A number of other analysts also recently issued reports on the company. Cantor Fitzgerald lifted their target price on Freshworks from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Weiss Ratings raised Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 29th. Wall Street Zen raised Freshworks from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group raised their price target on Freshworks from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Freshworks in a research report on Thursday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.92.

Freshworks Price Performance

Freshworks stock opened at $11.88 on Wednesday. The firm has a 50-day moving average of $13.37 and a 200-day moving average of $10.51. Freshworks has a one year low of $6.79 and a one year high of $15.51. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 42.89, a P/E/G ratio of 6.32 and a beta of 0.80.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. Freshworks had a net margin of 22.28% and a return on equity of 8.01%. The firm had revenue of $245.43 million for the quarter, compared to analyst estimates of $245.06 million. During the same period in the previous year, the business earned $0.16 EPS. The company’s revenue was up 14.1% compared to the same quarter last year.

Insider Buying and Selling

In other news, CAO Philippa Lawrence sold 3,492 shares of Freshworks stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $12.98, for a total value of $45,326.16. Following the completion of the transaction, the chief accounting officer owned 379,639 shares of the company’s stock, valued at $4,927,714.22. This trade represents a 0.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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. 8.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Freshworks

Several hedge funds have recently bought and sold shares of the company. Private Wealth Asset Management LLC acquired a new position in Freshworks during the third quarter worth approximately $294,000. Focus Advisor Solutions LLC lifted its position in shares of Freshworks by 68.8% in the third quarter. Focus Advisor Solutions LLC now owns 114,413 shares of the company’s stock valued at $1,463,000 after buying an additional 46,615 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Freshworks in the third quarter valued at approximately $9,147,000. Aberdeen Group plc acquired a new stake in shares of Freshworks in the third quarter valued at approximately $1,791,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Freshworks by 11.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 230,498 shares of the company’s stock worth $2,929,000 after acquiring an additional 23,998 shares during the period. 75.58% of the stock is currently owned by institutional investors and hedge funds.

About Freshworks

Freshworks Inc. develops cloud-based software designed to help businesses manage customer and employee experiences. Its products support customer service, sales, marketing and IT service management, with tools for handling support requests, communicating with customers and managing internal service workflows. The company’s offerings include Freshdesk for customer support, Freshservice for IT and employee service management, and Freshsales for sales teams. Freshworks also provides customer messaging and marketing products, along with artificial intelligence features that assist with service and support tasks.