Freshworks Inc. (NASDAQ:FRSH) Receives $12.45 Average PT from Analysts

Freshworks Inc. (NASDAQ:FRSH) has been given an average recommendation of “Hold” by the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $12.1818.

A number of analysts have recently weighed in on FRSH shares. Morgan Stanley cut their price target on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Freshworks in a research report on Wednesday, February 11th. Citigroup reiterated an “outperform” rating on shares of Freshworks in a research report on Wednesday, February 11th. Wells Fargo & Company lowered their price objective on shares of Freshworks from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Finally, UBS Group set a $11.00 price objective on shares of Freshworks in a research report on Wednesday, February 11th.

Insider Transactions at Freshworks

In related news, insider Mika Yamamoto sold 32,577 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the transaction, the insider directly owned 1,127,723 shares in the company, valued at $9,529,259.35. This represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Freshworks

A number of institutional investors have recently added to or reduced their stakes in the stock. Amundi increased its position in Freshworks by 1.3% during the 1st quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,040 shares in the last quarter. Inceptionr LLC increased its position in Freshworks by 3.6% during the 3rd quarter. Inceptionr LLC now owns 33,583 shares of the company’s stock worth $395,000 after purchasing an additional 1,174 shares in the last quarter. Covestor Ltd increased its position in Freshworks by 25.0% in the 3rd quarter. Covestor Ltd now owns 7,393 shares of the company’s stock valued at $87,000 after acquiring an additional 1,479 shares during the period. Teacher Retirement System of Texas increased its position in Freshworks by 1.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 97,787 shares of the company’s stock valued at $1,151,000 after acquiring an additional 1,578 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in Freshworks by 136.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after acquiring an additional 1,583 shares during the period. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Freshworks Trading Down 2.5%

Shares of Freshworks stock opened at $8.61 on Thursday. The company has a 50 day moving average of $8.26 and a 200-day moving average of $10.08. Freshworks has a 1-year low of $6.79 and a 1-year high of $16.14. The company has a market cap of $2.45 billion, a PE ratio of 13.89 and a beta of 0.83.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.64 million. During the same quarter in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. Research analysts forecast that Freshworks will post -0.09 earnings per share for the current year.

About Freshworks

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.