Freshworks Inc. (NASDAQ:FRSH) Receives Average Rating of “Hold” from Brokerages

Shares of Freshworks Inc. (NASDAQ:FRSH) have been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $12.1818.

A number of research firms have recently weighed in on FRSH. Citizens Jmp cut their price target on Freshworks from $27.00 to $16.00 and set a “market outperform” rating for the company in a report on Wednesday, February 11th. Canaccord Genuity Group set a $14.00 target price on Freshworks in a research note on Wednesday, February 11th. Jefferies Financial Group lowered Freshworks from a “buy” rating to a “hold” rating and dropped their target price for the company from $20.00 to $8.00 in a research note on Monday, February 23rd. Morgan Stanley dropped their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Finally, Cantor Fitzgerald dropped their target price on Freshworks from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th.

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 stock was sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the sale, the insider owned 1,127,723 shares of the company’s stock, valued at approximately $9,529,259.35. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.54% of the company’s stock.

Institutional Investors Weigh In On Freshworks

A number of institutional investors have recently added to or reduced their stakes in the company. Amundi grew its position in Freshworks by 1.3% during the first quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after acquiring an additional 1,040 shares during the period. Inceptionr LLC grew its position in Freshworks by 3.6% during the third quarter. Inceptionr LLC now owns 33,583 shares of the company’s stock valued at $395,000 after acquiring an additional 1,174 shares during the period. Teacher Retirement System of Texas grew its position in Freshworks by 1.6% during the third 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. SBI Securities Co. Ltd. grew its position in Freshworks by 136.2% during the third 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. Finally, Moody National Bank Trust Division grew its position in Freshworks by 4.1% during the fourth quarter. Moody National Bank Trust Division now owns 46,695 shares of the company’s stock valued at $572,000 after acquiring an additional 1,823 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Freshworks Price Performance

NASDAQ FRSH opened at $9.71 on Monday. Freshworks has a fifty-two week low of $6.79 and a fifty-two week high of $16.05. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 15.66 and a beta of 0.89. The business has a fifty day moving average of $8.48 and a 200-day moving average of $9.86.

Freshworks (NASDAQ:FRSH) last released 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 return on equity of 4.27% and a net margin of 20.69%.The company had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.64 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, analysts anticipate that Freshworks will post -0.02 EPS 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.