Freshworks Inc. (NASDAQ:FRSH) Receives $12.18 Average Price Target from Brokerages

Freshworks Inc. (NASDAQ:FRSH) has been assigned a consensus rating of “Hold” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.25.

A number of equities research analysts have issued reports on FRSH shares. Weiss Ratings lowered shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Morgan Stanley cut their price objective on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Guggenheim began coverage on Freshworks in a research report on Wednesday. They set a “buy” rating and a $25.00 price objective for the company. Citigroup reissued a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.

Freshworks Price Performance

NASDAQ FRSH opened at $9.77 on Tuesday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 15.76 and a beta of 0.88. The company has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $9.21. Freshworks has a 52-week low of $6.79 and a 52-week high of $14.43.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $228.63 million for the quarter, compared to the consensus estimate of $223.63 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. On average, analysts predict that Freshworks will post -0.02 EPS for the current year.

Insider Activity

In related news, CAO Philippa Lawrence sold 3,470 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $10.13, for a total transaction of $35,151.10. Following the transaction, the chief accounting officer owned 456,144 shares of the company’s stock, valued at approximately $4,620,738.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, Director Jennifer H. Taylor sold 6,618 shares of Freshworks stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total transaction of $69,091.92. Following the completion of the sale, the director owned 62,673 shares of the company’s stock, valued at $654,306.12. This trade represents a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,236 shares of company stock worth $270,331 in the last three months. 8.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Balyasny Asset Management L.P. acquired a new position in Freshworks during the fourth quarter worth $31,967,000. Norges Bank acquired a new stake in shares of Freshworks in the fourth quarter worth about $31,873,000. Renaissance Technologies LLC lifted its position in shares of Freshworks by 79.1% in the first quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock worth $36,745,000 after buying an additional 2,021,412 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of 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 acquiring an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of 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 acquiring an additional 1,590,384 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.

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.