NASDAQ:FRSH

Freshworks (FRSH) Stock Forecast, Price & News

$19.92

+0.36 (+1.84%)

(As of 09/29/2023 ET)

Compare

Today's Range: $19.81
▼
$20.33
50-Day Range: $16.81
▼
$23.12
52-Week Range: $11.92
▼
$23.80

Volume: 2.36 million shs
Average Volume: 2.68 million shs
Market Capitalization: $5.85 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $24.14

Freshworks MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.61 Rating Score
Upside/Downside: 21.2% Upside
$24.14 Price Target
Short Interest: Healthy
9.02% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.19
Based on 6 Articles This Week
Insider Trading: Selling Shares
$38.58 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.53) to ($0.43) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Computer And Technology Sector

264th out of 608 stocks

Prepackaged Software Industry

77th out of 207 stocks

3.3

Analyst's Opinion

Consensus Rating
Freshworks has received a consensus rating of Moderate Buy. The company's average rating score is 2.61, and is based on 11 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.14, Freshworks has a forecasted upside of 21.2% from its current price of $19.92.
Amount of Analyst Coverage
Freshworks has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
9.02% of the float of Freshworks has been sold short.
Short Interest Ratio / Days to Cover
Freshworks has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Freshworks has recently decreased by 10.75%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Freshworks does not currently pay a dividend.
Dividend Growth
Freshworks does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FRSH.

3.4

News and Social Media Coverage

News Sentiment
Freshworks has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Freshworks this week, compared to 4 articles on an average week.
Search Interest
Only 13 people have searched for FRSH on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.
MarketBeat Follows
11 people have added Freshworks to their MarketBeat watchlist in the last 30 days. This is an increase of 57% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Freshworks insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $38,582,077.00 in company stock.
Percentage Held by Insiders
26.66% of the stock of Freshworks is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
57.35% of the stock of Freshworks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Freshworks are expected to grow in the coming year, from ($0.53) to ($0.43) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Freshworks is -30.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Freshworks is -30.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Freshworks has a P/B Ratio of 5.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Freshworks (NASDAQ:FRSH) Stock

Freshworks Inc., a software development company, provides modern software-as-a-service products worldwide. It offers Freshdesk Support Desk that enables businesses to delight their customers at every service engagement touchpoint across traditional channels, including email, and modern channels, such as messaging and social media; Freshdesk Contact Center that offers agents with cloud-based telephony system to connect with customers that supports complex call-flows, number and call management, IVR, and routing needs, as well as live dashboard and reports; and Freshdesk Customer Success, which helps customer success managers at business to business (B2B) subscription companies. The company also provides Freshchat, which provides agents with a modern conversational user interface to engage with their customers across web, mobile, and social messaging applications; Freshsales that offers a multi-tiered approach to automating sales workflow and processes, as well as configure-price-quote functionality to quickly create quotes and AI-driven pipeline management; and Freshsales Suite, which delivers a single unified sales and marketing solution that allows businesses to engage and track customers across their buying journey. In addition, the company offers Freshservice, an intuitive service management solution; Freshping, a solution to monitor website's availability and get multichannel alerts; Freshstatus that allows businesses to create a custom branded website status page for internal or external viewing to communicate website uptime and availability; and Freshsurvey, a tool to measure NPS and other satisfaction metrics. The company was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. Freshworks Inc. was incorporated in 2010 and is headquartered in San Mateo, California.

FRSH Price History

30 days | 90 days | 365 days | Advanced Chart

FRSH Stock News Headlines

September 21, 2023 | marketbeat.com

5 Sizzling Tech Companies on the Brink of Bullish Reversals (FRSH)

Tech stocks are on the move and some are forming solid reversal patterns that could lead to double-digit gains for investors.

September 11, 2023 | marketbeat.com

The Top 5 Analysts Calls in September (FRSH)

These stocks have more in common than analysts' attention. Read on to find out why these are the Most Upgraded Stocks for the 1st week of September.

October 1, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 30, 2023 | americanbankingnews.com

Freshworks Inc. (NASDAQ:FRSH) Receives Average Recommendation of "Moderate Buy" from Analysts

September 28, 2023 | finance.yahoo.com

Freshworks Customers Using Microsoft Teams Increase Employee Experience and Productivity

September 26, 2023 | finance.yahoo.com

Freshworks Inc.'s (NASDAQ:FRSH) Intrinsic Value Is Potentially 26% Above Its Share Price

September 26, 2023 | finance.yahoo.com

Freshworks Report Reveals Massive Opportunity for IT Leaders Leveraging AI

September 23, 2023 | morningstar.com

Freshworks Inc Ordinary Shares Class A

October 1, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

September 18, 2023 | nasdaq.com

Cantor Fitzgerald Reiterates Freshworks Inc (FRSH) Overweight Recommendation

September 18, 2023 | nasdaq.com

JMP Securities Reiterates Freshworks Inc (FRSH) Market Outperform Recommendation

September 16, 2023 | finance.yahoo.com

Insider Sell: Srinivasagopalan Ramamurthy Sells 50,000 Shares of Freshworks Inc

September 14, 2023 | finance.yahoo.com

Are Computer and Technology Stocks Lagging Freshwork (FRSH) This Year?

September 13, 2023 | finance.yahoo.com

Director Roxanne Austin Sells 6,303 Shares of Freshworks Inc (FRSH)

September 12, 2023 | msn.com

Jefferies Maintains Freshworks Inc (FRSH) Hold Recommendation

September 11, 2023 | markets.businessinsider.com

Jefferies Maintains Hold Rating for Freshworks: Here's What You Need To Know

September 11, 2023 | markets.businessinsider.com

JMP Securities Reaffirms Their Buy Rating on Freshworks (FRSH)

September 9, 2023 | fool.com

Freshworks (NASDAQ: FRSH)

September 9, 2023 | msn.com

Oppenheimer Maintains Freshworks Inc (FRSH) Outperform Recommendation

September 9, 2023 | msn.com

Barclays Maintains Freshworks Inc (FRSH) Equal-Weight Recommendation

September 8, 2023 | finance.yahoo.com

Freshworks to Participate in Piper Sandler Growth Frontiers Conference

September 8, 2023 | markets.businessinsider.com

Freshworks (FRSH) Receives a Hold from Bank of America Securities

September 8, 2023 | markets.businessinsider.com

Freshworks (FRSH) Gets a Buy from Oppenheimer

September 6, 2023 | markets.businessinsider.com

Robert W. Baird Reaffirms Their Buy Rating on Freshworks (FRSH)

August 31, 2023 | msn.com

Freshworks Inc (FRSH) Price Target Increased by 20.91% to 23.53

August 28, 2023 | finanznachrichten.de

Freshworks Inc: Freshworks Appoints Johanna Jackman as Chief People Officer

August 28, 2023 | finance.yahoo.com

Freshworks Appoints Johanna Jackman as Chief People Officer

See More Headlines

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FRSH Company Calendar

Last Earnings: 8/01/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:FRSH
CUSIP: N/A
CIK: 1544522
Web: www.freshworks.com
Phone: 650-513-0514
Fax: N/A
Employees: 5,400
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $24.14
High Stock Price Forecast: $28.00
Low Stock Price Forecast: $14.50
Forecasted Upside/Downside: +21.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.61
Research Coverage: 18 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.66)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-232,130,000.00
Net Margins: -35.18%
Pretax Margin: -32.56%
Return on Equity: -17.62%
Return on Assets: -13.44%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.47
Quick Ratio: 4.47

Sales & Book Value

Annual Sales: $544.70 million
Price / Sales: 10.74
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.64 per share
Price / Book: 5.47

Miscellaneous

Outstanding Shares: 293,567,000
Free Float: 215,302,000
Market Cap: $5.85 billion
Optionable: Optionable
Beta: 0.82

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Key Executives

Mr. Rathna Girish Mathrubootham (Age 47)
Co-Founder, CEO & Chairman
Comp: $516.61k

Mr. Dennis M. Woodside (Age 54)
Pres & Director
Comp: $531.38k

Mr. Tyler R. Sloat (Age 49)
CFO & Principal Accounting Officer
Comp: $461.88k

Ms. Stacey Epstein (Age 54)
Chief Marketing Officer
Comp: $416.16k

Mr. Srinivasagopalan Ramamurthy (Age 56)
Chief Product Officer
Comp: $446.13k

Mr. Shafiq Amarsi
Sr. VP of GTM Strategy & Operations

Mr. Joon Huh
VP of Fin., Investor Relations & Treasury

Ms. Pamela A. Sergeeff Esq. (Age 50)
Chief Legal Officer & Gen. Counsel

Ms. Johanna Jackman
Chief People Officer

Mr. Pradeep Rathinam (Age 52)
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FRSH Stock - Frequently Asked Questions

Should I buy or sell Freshworks stock right now?: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freshworks in the last year. 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.
View FRSH analyst ratings or view top-rated stocks.
What is Freshworks' stock price forecast for 2023?: 18 equities research analysts have issued 1-year target prices for Freshworks' shares. Their FRSH share price forecasts range from $14.50 to $28.00. On average, they expect the company's stock price to reach $24.14 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
View analysts price targets for FRSH or view top-rated stocks among Wall Street analysts.
How have FRSH shares performed in 2023?: Freshworks' stock was trading at $14.71 at the beginning of the year. Since then, FRSH shares have increased by 35.4% and is now trading at $19.92.
View the best growth stocks for 2023 here.
Are investors shorting Freshworks?: Freshworks saw a drop in short interest in September. As of September 15th, there was short interest totaling 12,450,000 shares, a drop of 10.8% from the August 31st total of 13,950,000 shares. Based on an average daily volume of 3,090,000 shares, the days-to-cover ratio is currently 4.0 days. Approximately 9.0% of the company's stock are short sold.
View Freshworks' Short Interest.
When is Freshworks' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our FRSH earnings forecast.
How were Freshworks' earnings last quarter?: Freshworks Inc. (NASDAQ:FRSH) posted its quarterly earnings results on Tuesday, August, 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. The business had revenue of $145.08 million for the quarter, compared to the consensus estimate of $141.22 million. Freshworks had a negative net margin of 35.18% and a negative trailing twelve-month return on equity of 17.62%.
What ETFs hold Freshworks' stock?: 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).
What guidance has Freshworks issued on next quarter's earnings?: Freshworks issued an update on its FY 2023 earnings guidance on Wednesday, September, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $592.62 million-$592.62 million, compared to the consensus revenue estimate of $591.25 million.

What other stocks do shareholders of Freshworks own?: 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).
When did Freshworks IPO?: (FRSH) raised $855 million in an initial public offering on Wednesday, September 22nd 2021. The company issued 28,500,000 shares at $28.00-$32.00 per share.
What is Freshworks' stock symbol?: Freshworks trades on the NASDAQ under the ticker symbol "FRSH."
How do I buy shares of Freshworks?: 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.
Compare Top Brokerages Here.
What is Freshworks' stock price today?: One share of FRSH stock can currently be purchased for approximately $19.92.
How much money does Freshworks make?: Freshworks (NASDAQ:FRSH) has a market capitalization of $5.85 billion and generates $544.70 million in revenue each year. The company earns $-232,130,000.00 in net income (profit) each year or ($0.66) on an earnings per share basis.
How many employees does Freshworks have?: The company employs 5,400 workers across the globe.
How can I contact Freshworks?: Freshworks' mailing address is 2950 S Delaware St Ste 201, San Mateo, California 94403-2199. The official website for the company is www.freshworks.com. The company can be reached via phone at 650-513-0514 or via email at ir@freshworks.com.

This page (NASDAQ:FRSH) was last updated on 10/1/2023 by MarketBeat.com Staff

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