Cantor Fitzgerald Forecasts Freshworks FY2025 Earnings

Freshworks Inc. (NASDAQ:FRSH - Free Report) - Equities researchers at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Freshworks in a report issued on Tuesday, June 3rd. Cantor Fitzgerald analyst M. Vanvliet forecasts that the company will earn ($0.16) per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $20.00 price objective on the stock. The consensus estimate for Freshworks' current full-year earnings is ($0.19) per share.

Freshworks (NASDAQ:FRSH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Freshworks had a negative return on equity of 6.63% and a negative net margin of 13.24%. The business had revenue of $196.27 million for the quarter, compared to analysts' expectations of $191.90 million. During the same period last year, the firm earned $0.10 earnings per share. The company's revenue for the quarter was up 18.9% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group dropped their price objective on shares of Freshworks from $22.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Scotiabank increased their target price on Freshworks from $14.00 to $18.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Morgan Stanley raised their price target on Freshworks from $14.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price objective on shares of Freshworks in a research report on Monday, March 17th. Finally, UBS Group cut their target price on Freshworks from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Freshworks presently has an average rating of "Moderate Buy" and an average target price of $20.07.

Freshworks Price Performance

Shares of FRSH stock traded up $0.08 during trading hours on Thursday, reaching $15.69. 1,797,527 shares of the stock were exchanged, compared to its average volume of 3,268,459. The business's fifty day moving average is $14.06 and its two-hundred day moving average is $15.69. The firm has a market capitalization of $4.63 billion, a P/E ratio of -49.03 and a beta of 0.97. Freshworks has a 12-month low of $10.81 and a 12-month high of $19.77.

Insiders Place Their Bets

In related news, Director Zachary Nelson sold 8,433 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $14.69, for a total transaction of $123,880.77. Following the transaction, the director now owns 24,890 shares of the company's stock, valued at $365,634.10. This trade represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mika Yamamoto sold 3,574 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $14.20, for a total value of $50,750.80. Following the sale, the insider now directly owns 611,604 shares of the company's stock, valued at approximately $8,684,776.80. This represents a 0.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,248 shares of company stock valued at $507,413. Insiders own 11.17% of the company's stock.

Hedge Funds Weigh In On Freshworks

A number of large investors have recently bought and sold shares of FRSH. Rhumbline Advisers increased its stake in shares of Freshworks by 18.1% during the first quarter. Rhumbline Advisers now owns 325,704 shares of the company's stock worth $4,596,000 after acquiring an additional 49,873 shares during the period. Strs Ohio purchased a new position in shares of Freshworks during the 1st quarter worth approximately $830,000. Diker Management LLC lifted its holdings in shares of Freshworks by 4.3% in the 1st quarter. Diker Management LLC now owns 120,526 shares of the company's stock valued at $1,701,000 after buying an additional 5,000 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Freshworks in the first quarter valued at approximately $2,734,000. Finally, Intech Investment Management LLC grew its holdings in Freshworks by 40.9% during the first quarter. Intech Investment Management LLC now owns 154,170 shares of the company's stock worth $2,175,000 after acquiring an additional 44,761 shares during the period. Hedge funds and other institutional investors own 75.58% of the company's stock.

About Freshworks

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.