Freshworks Stock Price, News & Analysis (NASDAQ:FRSH)

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freshworks in the last twelve months. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FRSH shares.
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18 brokers have issued 1 year price objectives for Freshworks' shares. Their FRSH share price targets range from $20.00 to $28.00. On average, they predict the company's share price to reach $23.76 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price.
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Freshworks' stock was trading at $14.71 at the beginning of the year. Since then, FRSH shares have increased by 37.7% and is now trading at $20.26.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
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Freshworks Inc. (NASDAQ:FRSH) released its quarterly earnings results on Tuesday, October, 31st. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.03. The firm earned $153.55 million during the quarter, compared to analysts' expectations of $150.37 million. Freshworks had a negative trailing twelve-month return on equity of 15.12% and a negative net margin of 28.94%.

ETFs with the largest weight of Freshworks (NASDAQ:FRSH) stock in their portfolio include India Internet & Ecommerce ETF (INQQ), Global X Cloud Computing ETF (CLOU), WisdomTree Cloud Computing Fund (WCLD), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ), Innovator IBD 50 ETF (FFTY), SPDR S&P Software & Services ETF (XSW) and First Trust Small Cap Growth AlphaDEX Fund (FYC).

Freshworks issued an update on its fourth quarter earnings guidance on Tuesday, October, 31st. The company provided earnings per share (EPS) guidance of $0.04-0.06 for the period, compared to the consensus earnings per share estimate of $0.05. The company issued revenue guidance of $156.7-159.3 million, compared to the consensus revenue estimate of $157.81 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Freshworks investors own include Lumentum (LITE), Masco (MAS), Qorvo (QRVO), Esperion Therapeutics (ESPR), CVR Refining (CVRR), Walt Disney (DIS), Howard Hughes (HHC), Kinder Morgan (KMI), Tesla (TSLA) and Boeing (BA).

(FRSH) raised $855 million in an initial public offering (IPO) on Wednesday, September 22nd 2021. The company issued 28,500,000 shares at a price of $28.00-$32.00 per share.

Freshworks' stock is owned by a number of retail and institutional investors. Top institutional investors include Ward Ferry Management BVI Ltd (2.82%), Morgan Stanley (1.35%), Steadview Capital Management LLC (1.15%), FMR LLC (0.75%), Clearbridge Investments LLC (0.61%) and Eagle Asset Management Inc. (0.60%). Insiders that own company stock include Barry L Padgett, Capitalg 2014 Lp, Jennifer H Taylor, Johanna Flower, Jose Morales, Leaders 3 Gp Associates Accel, Pradeep Rathinam, Randy Gottfried, Rathnagirish Mathrubootham, Roxanne S Austin, Sameer K Gandhi, Sequoia Capital India V Ltd, Srinivasagopalan Ramamurthy, Stacey Epstein, Tyler Sloat, Westbridge Crossover Fund, Llc and Zachary Nelson.
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Shares of FRSH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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