Oppenheimer Issues Pessimistic Forecast for Freshworks (NASDAQ:FRSH) Stock Price

Freshworks (NASDAQ:FRSH) had its target price reduced by stock analysts at Oppenheimer from $19.00 to $18.00 in a research report issued on Thursday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 52.03% from the company’s current price.

A number of other brokerages have also recently commented on FRSH. Wall Street Zen cut shares of Freshworks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. Wells Fargo & Company initiated coverage on shares of Freshworks in a research report on Tuesday, September 30th. They set an “equal weight” rating and a $13.00 price objective on the stock. Zacks Research lowered Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Freshworks in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group lowered their price objective on Freshworks from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.15.

Freshworks Trading Up 0.5%

FRSH stock opened at $11.84 on Thursday. The company’s 50 day moving average is $12.12 and its 200 day moving average is $12.45. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of -118.39 and a beta of 0.89. Freshworks has a 1-year low of $10.51 and a 1-year high of $19.77.

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

Insider Buying and Selling

In related news, CAO Philippa Lawrence sold 5,846 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $12.06, for a total value of $70,502.76. Following the transaction, the chief accounting officer directly owned 392,711 shares of the company’s stock, valued at approximately $4,736,094.66. This trade represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dennis Woodside acquired 176,100 shares of the stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $11.31 per share, for a total transaction of $1,991,691.00. Following the completion of the transaction, the chief executive officer owned 2,111,517 shares in the company, valued at approximately $23,881,257.27. This represents a 9.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 22,267 shares of company stock valued at $282,301 in the last 90 days. 11.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Freshworks by 120.8% in the 1st quarter. Royal Bank of Canada now owns 21,388 shares of the company’s stock worth $302,000 after purchasing an additional 11,703 shares in the last quarter. Amundi raised its position in Freshworks by 1.3% in the 1st quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,040 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Freshworks by 35.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock worth $31,396,000 after acquiring an additional 578,628 shares during the last quarter. Woodline Partners LP lifted its position in shares of Freshworks by 13.5% during the first quarter. Woodline Partners LP now owns 21,569 shares of the company’s stock worth $304,000 after purchasing an additional 2,571 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in Freshworks by 20.2% during the 1st 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 in the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

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.