Freshworks Inc. (NASDAQ:FRSH) Receives Consensus Recommendation of “Hold” from Analysts

Freshworks Inc. (NASDAQ:FRSH) has received a consensus recommendation of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.1538.

Several research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Freshworks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. Wells Fargo & Company started coverage on shares of Freshworks in a research report on Tuesday, September 30th. They set an “equal weight” rating and a $13.00 target price on the stock. Piper Sandler decreased their price target on shares of Freshworks from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Canaccord Genuity Group lowered their price target on shares of Freshworks from $23.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of Freshworks in a report on Friday, November 14th.

Insider Transactions at Freshworks

In other Freshworks news, CEO Dennis Woodside purchased 176,100 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $11.31 per share, for a total transaction of $1,991,691.00. Following the transaction, the chief executive officer directly owned 2,111,517 shares in the company, valued at $23,881,257.27. This represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tyler Sloat bought 171,615 shares of the stock in a transaction on Tuesday, November 11th. The shares were acquired at an average cost of $11.62 per share, with a total value of $1,994,166.30. Following the acquisition, the insider directly owned 1,149,244 shares in the company, valued at approximately $13,354,215.28. This trade represents a 17.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 22,267 shares of company stock worth $282,301. 11.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of Freshworks by 120.8% in the 1st quarter. Royal Bank of Canada now owns 21,388 shares of the company’s stock valued at $302,000 after purchasing an additional 11,703 shares during the period. Amundi raised its holdings 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 buying an additional 1,040 shares during the period. Goldman Sachs Group Inc. lifted its stake in Freshworks by 35.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock valued at $31,396,000 after buying an additional 578,628 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Freshworks by 13.5% in the first quarter. Woodline Partners LP now owns 21,569 shares of the company’s stock valued at $304,000 after buying an additional 2,571 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of Freshworks by 20.2% in the first quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock valued at $175,000 after buying an additional 2,086 shares during the period. 75.58% of the stock is currently owned by institutional investors.

Freshworks Price Performance

NASDAQ FRSH opened at $12.06 on Tuesday. The stock’s 50 day simple moving average is $12.12 and its 200 day simple moving average is $12.40. Freshworks has a one year low of $10.51 and a one year high of $19.77. The firm has a market cap of $3.40 billion, a PE ratio of -120.59 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $215.12 million for the quarter, compared to analyst estimates of $208.80 million. Freshworks had a negative return on equity of 0.37% and a negative net margin of 3.65%.The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. As a group, equities analysts expect that Freshworks will post -0.19 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.