Piper Sandler Issues Positive Forecast for Freshworks (NASDAQ:FRSH) Stock Price

Freshworks (NASDAQ:FRSH) had its price objective boosted by stock analysts at Piper Sandler from $12.00 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler‘s target price would indicate a potential upside of 6.01% from the company’s current price.

Other equities analysts also recently issued reports about the company. Zacks Research downgraded Freshworks from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Oppenheimer reiterated a “market perform” rating on shares of Freshworks in a research note on Wednesday. UBS Group increased their price objective on shares of Freshworks from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price objective on shares of Freshworks from $10.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. Finally, Cantor Fitzgerald lifted their target price on shares of Freshworks from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.46.

Freshworks Stock Down 0.4%

FRSH stock opened at $14.15 on Wednesday. Freshworks has a twelve month low of $6.79 and a twelve month high of $15.51. The firm has a market cap of $3.69 billion, a PE ratio of 78.94, a price-to-earnings-growth ratio of 9.47 and a beta of 0.80. The business has a 50 day moving average of $13.47 and a 200 day moving average of $10.48.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%. The business had revenue of $245.43 million during the quarter, compared to analysts’ expectations of $245.06 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, research analysts expect that Freshworks will post 0.05 earnings per share for the current fiscal year.

Insider Activity at Freshworks

In other news, CAO Philippa Lawrence sold 3,492 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer 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 document filed 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

Large investors have recently bought and sold shares of the business. Abel Hall LLC boosted its position in Freshworks by 8.2% in the third quarter. Abel Hall LLC now owns 11,283 shares of the company’s stock worth $144,000 after purchasing an additional 855 shares during the last quarter. Signaturefd LLC increased its position in shares of Freshworks by 8.7% during the 3rd quarter. Signaturefd LLC now owns 11,479 shares of the company’s stock valued at $147,000 after purchasing an additional 916 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in shares of Freshworks by 5.5% in the 3rd quarter. Parcion Private Wealth LLC now owns 27,367 shares of the company’s stock worth $350,000 after purchasing an additional 1,417 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Freshworks by 7.5% in the 3rd quarter. Sterling Capital Management LLC now owns 31,657 shares of the company’s stock worth $405,000 after purchasing an additional 2,218 shares during the period. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Freshworks in the 3rd quarter worth approximately $28,000. 75.58% of the stock is currently owned by institutional investors.

Freshworks News Roundup

Here are the key news stories impacting Freshworks this week:

• Positive Sentiment: Q3 adjusted earnings were $0.22 per share, above the $0.18 consensus and up from $0.16 a year earlier. Revenue increased 14% year over year to $245.4 million, slightly ahead of estimates. Freshworks Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company reported record adjusted free cash flow of $73.9 million, up 29% year over year, and GAAP net income of $18.3 million. It also marked its ninth consecutive quarter meeting the Rule of 40, indicating a combination of growth and profitability. Freshworks Reports Record Third Quarter 2026 Results
• Positive Sentiment: Freshworks forecast 2026 revenue of $965 million to $966 million and said it is targeting more than $0.94 in adjusted free cash flow per share, offering investors a full-year growth and cash-generation outlook. 2026 Revenue and Free Cash Flow Outlook
• Neutral Sentiment: Although revenue edged past estimates, sales were essentially in line, rather than a substantial top-line beat. That may have limited the impact of the stronger earnings and cash-flow results. Freshworks Q3 Sales and Market Reaction

About Freshworks

Freshworks Inc (NASDAQ:FRSH) develops cloud-based customer and employee engagement software for businesses of various sizes. Its products are designed to help organizations manage customer support, IT service operations, sales activities, and marketing workflows through user-friendly, artificial intelligence-enabled applications.

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