Cantor Fitzgerald Predicts Freshworks FY2026 Earnings

Freshworks Inc. (NASDAQ:FRSH - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for Freshworks in a report released on Monday, June 9th. Cantor Fitzgerald analyst M. Vanvliet expects that the company will post earnings of ($0.06) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $20.00 target price on the stock. The consensus estimate for Freshworks' current full-year earnings is ($0.19) per share.

A number of other equities analysts have also recently weighed in on FRSH. JMP Securities reissued a "market outperform" rating and issued a $27.00 price target on shares of Freshworks in a report on Wednesday, April 30th. Wall Street Zen upgraded Freshworks from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company upped their target price on Freshworks from $11.00 to $12.00 and gave the company an "underweight" rating in a research note on Wednesday, April 30th. Piper Sandler reiterated an "overweight" rating and issued a $22.00 target price (up from $20.00) on shares of Freshworks in a research note on Wednesday, April 30th. Finally, Morgan Stanley upped their target price on Freshworks from $14.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.07.

Freshworks Trading Down 1.6%

Shares of NASDAQ FRSH traded down $0.26 during trading on Tuesday, reaching $15.63. The company had a trading volume of 2,099,235 shares, compared to its average volume of 3,284,393. Freshworks has a twelve month low of $10.81 and a twelve month high of $19.77. The stock has a market capitalization of $4.61 billion, a PE ratio of -48.84 and a beta of 0.97. The stock has a 50-day moving average price of $14.23 and a two-hundred day moving average price of $15.69.

Freshworks (NASDAQ:FRSH - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $196.27 million during the quarter, compared to analysts' expectations of $191.90 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The business's revenue for the quarter was up 18.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Freshworks by 4.5% in the first quarter. Vanguard Group Inc. now owns 26,189,892 shares of the company's stock valued at $369,539,000 after purchasing an additional 1,126,013 shares during the last quarter. Eminence Capital LP purchased a new position in Freshworks in the fourth quarter valued at about $86,002,000. Geode Capital Management LLC boosted its holdings in Freshworks by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 4,673,600 shares of the company's stock valued at $75,588,000 after purchasing an additional 79,388 shares during the last quarter. TPG GP A LLC boosted its holdings in Freshworks by 28.7% in the fourth quarter. TPG GP A LLC now owns 4,346,855 shares of the company's stock valued at $70,289,000 after purchasing an additional 969,283 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Freshworks by 27.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,951,115 shares of the company's stock valued at $55,750,000 after purchasing an additional 862,315 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company's stock.

Insider Buying and Selling at Freshworks

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 sale, the director now directly owns 24,890 shares in the company, valued at approximately $365,634.10. This trade represents a 25.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Rathnagirish Mathrubootham sold 70,997 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $16.01, for a total value of $1,136,661.97. Following the completion of the transaction, the chairman now owns 724,515 shares of the company's stock, valued at approximately $11,599,485.15. This represents a 8.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 169,121 shares of company stock valued at $2,665,716. Company insiders own 11.17% of the company's stock.

Freshworks Company Profile

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.