Freshworks (NASDAQ:FRSH) Raised to “Buy” at Wall Street Zen

Freshworks (NASDAQ:FRSH) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other research analysts have also issued reports about the stock. Robert W. Baird set a $10.00 price target on shares of Freshworks in a report on Wednesday, February 11th. UBS Group set a $11.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th. Cantor Fitzgerald cut their target price on shares of Freshworks from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Freshworks in a research note on Wednesday, February 11th. Finally, BTIG Research initiated coverage on Freshworks in a report on Tuesday, December 16th. They set a “neutral” rating for the company. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.92.

Freshworks Stock Down 0.9%

Shares of NASDAQ FRSH opened at $8.03 on Friday. Freshworks has a 52-week low of $6.79 and a 52-week high of $16.48. The stock has a market capitalization of $2.26 billion, a P/E ratio of 12.55 and a beta of 0.93. The stock’s 50 day moving average price is $9.08 and its two-hundred day moving average price is $11.02.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $222.74 million for the quarter, compared to analysts’ expectations of $218.76 million. Freshworks had a return on equity of 4.69% and a net margin of 21.90%.The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. On average, analysts anticipate that Freshworks will post -0.19 EPS for the current year.

Insiders Place Their Bets

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $9,529,259.35. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Freshworks

Large investors have recently made changes to their positions in the company. Balyasny Asset Management L.P. bought a new stake in Freshworks during the 4th quarter valued at $31,967,000. Norges Bank acquired a new position in Freshworks during the fourth quarter worth about $31,873,000. Eminence Capital LP raised its position in Freshworks by 39.4% in the second quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock worth $109,359,000 after acquiring an additional 2,074,641 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Freshworks by 1,528.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock valued at $20,933,000 after purchasing an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Freshworks by 132.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock worth $32,840,000 after purchasing an additional 1,590,384 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

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.