Freshworks (FRSH) Projected to Post Quarterly Earnings on Tuesday

Freshworks (NASDAQ:FRSH - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $191.90 million for the quarter. Freshworks has set its FY 2025 guidance at 0.520-0.540 EPS and its Q1 2025 guidance at 0.120-0.140 EPS.

Freshworks (NASDAQ:FRSH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). Freshworks had a negative net margin of 13.24% and a negative return on equity of 6.63%. On average, analysts expect Freshworks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Freshworks Trading Up 3.2 %

FRSH stock traded up $0.43 during midday trading on Friday, reaching $14.07. The company had a trading volume of 3,120,803 shares, compared to its average volume of 3,339,470. The company has a 50 day moving average of $14.65 and a two-hundred day moving average of $15.32. The company has a market capitalization of $4.24 billion, a P/E ratio of -43.97 and a beta of 0.98. Freshworks has a 1 year low of $10.81 and a 1 year high of $19.77.

Insider Activity at Freshworks

In other news, Director Zachary Nelson sold 8,442 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $18.30, for a total value of $154,488.60. Following the completion of the sale, the director now directly owns 24,187 shares of the company's stock, valued at approximately $442,622.10. This represents a 25.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Johanna Flower sold 1,450 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $18.01, for a total transaction of $26,114.50. Following the completion of the sale, the director now owns 41,491 shares in the company, valued at approximately $747,252.91. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,177 shares of company stock worth $498,042 in the last 90 days. 19.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler reduced their price objective on Freshworks from $24.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price target on Freshworks from $13.00 to $11.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. StockNews.com upgraded Freshworks from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Jefferies Financial Group reduced their target price on shares of Freshworks from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Finally, Barclays raised their price target on shares of Freshworks from $14.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.64.

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.