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

Freshworks Inc. (NASDAQ:FRSH) has earned an average rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.1818.

FRSH has been the subject of a number of analyst reports. Oppenheimer cut Freshworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 19th. Morgan Stanley decreased their price objective 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. Wall Street Zen cut Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd.

Insider Activity at Freshworks

In related news, CAO Philippa Lawrence sold 10,530 shares of Freshworks stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $9.18, for a total transaction of $96,665.40. Following the completion of the sale, the chief accounting officer directly owned 465,823 shares of the company’s stock, valued at $4,276,255.14. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRSH. Royal Bank of Canada grew its stake in Freshworks by 120.8% in the first quarter. Royal Bank of Canada now owns 21,388 shares of the company’s stock valued at $302,000 after acquiring an additional 11,703 shares during the period. Amundi grew its stake in Freshworks by 1.3% in 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. Goldman Sachs Group Inc. grew 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 acquiring an additional 578,628 shares during the period. Woodline Partners LP grew its stake in 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 acquiring an additional 2,571 shares during the period. Finally, Focus Partners Wealth grew its stake in 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 acquiring an additional 2,086 shares during the period. 75.58% of the stock is owned by institutional investors and hedge funds.

Freshworks Stock Down 2.1%

Shares of Freshworks stock opened at $9.17 on Friday. Freshworks has a 12 month low of $6.79 and a 12 month high of $15.47. The business has a fifty day simple moving average of $9.00 and a 200 day simple moving average of $9.51. The stock has a market cap of $2.53 billion, a PE ratio of 14.79 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS 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 business 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 earned $0.18 earnings per share. The firm’s quarterly revenue 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. Analysts expect that Freshworks will post -0.02 EPS for the current fiscal year.

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.