Freshworks Inc. (NASDAQ:FRSH) Given Average Rating of "Hold" by Brokerages

Key Points

• Freshworks has a consensus “Hold” rating from 16 brokerages, with one sell, eight hold, six buy and one strong-buy recommendation. The average 12-month price target is $14.17, compared with a recent share price of $12.66.
• The company’s latest quarterly results exceeded expectations: adjusted EPS was $0.17 versus the $0.13 consensus, while revenue rose 16% year over year to $237.38 million, ahead of estimates.
• Institutional investors own 75.58% of Freshworks, while insiders have sold 27,236 shares worth approximately $270,331 over the past three months.

Freshworks Inc. (NASDAQ:FRSH - Get Free Report) has been assigned a consensus rating of "Hold" from the sixteen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.1667.

FRSH has been the subject of a number of recent analyst reports. Robert W. Baird set a $13.00 price target on Freshworks in a research note on Wednesday, August 5th. UBS Group increased their price target on shares of Freshworks from $11.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Cantor Fitzgerald lifted their price objective on shares of Freshworks from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Weiss Ratings restated a "sell (d)" rating on shares of Freshworks in a report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Freshworks from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th.

Insider Transactions at Freshworks

In related news, CAO Philippa Lawrence sold 10,530 shares of the firm's 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 sale, the chief accounting officer owned 465,823 shares of the company's stock, valued at approximately $4,276,255.14. This trade represents a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barry L. Padgett sold 6,618 shares of Freshworks stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total value of $69,422.82. Following the transaction, the director owned 47,270 shares in the company, valued at approximately $495,862.30. This represents a 12.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,236 shares of company stock valued at $270,331 over the last three months. 8.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Freshworks

Large investors have recently modified their holdings of the business. Balyasny Asset Management L.P. acquired a new stake in shares of Freshworks during the fourth quarter worth about $31,967,000. Norges Bank acquired a new position in shares of Freshworks in the 4th quarter valued at approximately $31,873,000. Renaissance Technologies LLC increased its stake in Freshworks by 79.1% during the 1st quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company's stock worth $36,745,000 after purchasing an additional 2,021,412 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Freshworks by 1,528.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company's stock worth $20,933,000 after purchasing an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Freshworks by 132.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company's stock worth $32,840,000 after purchasing an additional 1,590,384 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors.

Freshworks Stock Down 0.2%

Shares of Freshworks stock opened at $12.66 on Friday. Freshworks has a 12 month low of $6.79 and a 12 month high of $14.06. The business has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $9.23. The stock has a market cap of $3.30 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 10.57 and a beta of 0.86.

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, beating analysts' consensus estimates of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The business had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm's revenue was up 16.0% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. Analysts expect that Freshworks will post 0.04 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source