Freshworks Inc. (NASDAQ:FRSH) Stock Has Average Price Target of $14.85

Key Points

• Freshworks has a “Moderate Buy” consensus rating from 16 analysts, with an average 12-month price target of $14.85. Ratings include seven buys, one strong buy, and eight holds.
• The company reported quarterly EPS of $0.17, exceeding estimates of $0.13, while revenue rose 16% year over year to $237.38 million. Freshworks issued fiscal 2026 EPS guidance of $0.660–$0.680.
• Freshworks shares opened at $15.38, near their 52-week high of $15.51, and institutional investors and hedge funds own 75.58% of the stock. An insider separately sold shares under a pre-arranged plan to cover tax obligations.

Shares of Freshworks Inc. (NASDAQ:FRSH - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen research firms that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.85.

FRSH has been the topic of several recent research reports. Cantor Fitzgerald restated an "overweight" rating on shares of Freshworks in a research report on Tuesday, October 13th. Wall Street Zen upgraded Freshworks from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. KeyCorp started coverage on shares of Freshworks in a research report on Monday, September 14th. They set an "overweight" rating and a $18.00 price target for the company. UBS Group raised their price target on shares of Freshworks from $11.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company increased their target price on Freshworks from $10.00 to $15.00 and gave the company an "equal weight" rating in a research note on Wednesday.

Insider Activity

In related news, CAO Philippa Lawrence sold 3,492 shares of the firm's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $12.98, for a total transaction of $45,326.16. Following the transaction, the chief accounting officer directly owned 379,639 shares in the company, valued at $4,927,714.22. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 8.54% of the company's stock.

Hedge Funds Weigh In On Freshworks

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in shares of Freshworks by 9.7% during the second quarter. Wellington Management Group LLP now owns 4,000,543 shares of the company's stock worth $40,485,000 after acquiring an additional 353,714 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Freshworks by 79.1% in the 1st quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company's stock worth $36,745,000 after acquiring an additional 2,021,412 shares during the period. Bank of America Corp DE boosted its position in shares of Freshworks by 1.4% during the first quarter. Bank of America Corp DE now owns 2,128,268 shares of the company's stock worth $17,090,000 after buying an additional 30,395 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Freshworks by 403.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company's stock worth $11,596,000 after acquiring an additional 1,157,277 shares during the period. Finally, Walleye Capital LLC lifted its holdings in Freshworks by 2,480.8% in the first quarter. Walleye Capital LLC now owns 1,247,655 shares of the company's stock worth $10,019,000 after purchasing an additional 1,199,311 shares during the period. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Freshworks Price Performance

NASDAQ FRSH opened at $15.38 on Thursday. The company has a market capitalization of $4.01 billion, a P/E ratio of 24.03, a PEG ratio of 10.33 and a beta of 0.90. Freshworks has a 1-year low of $6.79 and a 1-year high of $15.51. The business has a 50 day moving average price of $13.36 and a 200 day moving average price of $10.43.

Freshworks (NASDAQ:FRSH - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The business had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. During the same period in the previous year, the firm earned $0.18 EPS. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, research analysts expect that Freshworks will post 0.05 earnings per share for the current fiscal year.

About Freshworks

Freshworks Inc NASDAQ: FRSH develops cloud-based customer and employee engagement software for businesses of various sizes. Its products are designed to help organizations manage customer support, IT service operations, sales activities, and marketing workflows through user-friendly, artificial intelligence-enabled applications.

The company's product portfolio includes Freshdesk for customer service and support, Freshservice for IT and enterprise service management, Freshsales for customer relationship management, and Freshmarketer for marketing automation and customer engagement.

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