Freshworks (NASDAQ:FRSH) Rating Lowered to Hold at Wall Street Zen

Freshworks (NASDAQ:FRSH) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other brokerages also recently weighed in on FRSH. 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. Oppenheimer cut shares of Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. Canaccord Genuity Group set a $14.00 target price on Freshworks in a research note on Wednesday, February 11th. Citigroup reaffirmed an “outperform” rating on shares of Freshworks in a report on Wednesday, February 11th. Finally, Zacks Research downgraded Freshworks from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.92.

Freshworks Price Performance

Shares of FRSH opened at $7.87 on Friday. The stock has a market capitalization of $2.24 billion, a PE ratio of 12.30 and a beta of 0.93. The business’s fifty day moving average price is $8.73 and its 200 day moving average price is $10.82. Freshworks has a 12-month low of $6.79 and a 12-month high of $16.14.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, February 10th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $222.74 million during the quarter, compared to analyst estimates of $218.76 million. Freshworks had a net margin of 21.90% and a return on equity of 4.69%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, research analysts anticipate that Freshworks will post -0.19 earnings per share for the current fiscal year.

Insider Transactions at Freshworks

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 owned by insiders.

Institutional Investors Weigh In On Freshworks

Large investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Freshworks by 954.9% during the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after buying an additional 1,948 shares during the period. Summit Securities Group LLC bought a new position in Freshworks in the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in Freshworks in the 3rd quarter valued at approximately $27,000. Rothschild Investment LLC increased its position in Freshworks by 560.0% in the 3rd quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock valued at $27,000 after acquiring an additional 1,932 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in Freshworks by 136.2% during 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 in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Freshworks Company Profile

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.