Brokerages Set Freshworks Inc. (NASDAQ:FRSH) Target Price at $14.17

Freshworks Inc. (NASDAQ:FRSH) has been given a consensus rating of “Hold” by the sixteen brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $14.1667.

FRSH has been the subject of a number of analyst reports. Cantor Fitzgerald raised their price objective on shares of Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. UBS Group upped their target price on shares of Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Piper Sandler increased their target price on shares of Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Robert W. Baird set a $13.00 price target on shares of Freshworks in a research report on Wednesday, August 5th. Finally, Morgan Stanley reduced their price target on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th.

Insider Activity at Freshworks

In related news, CAO Philippa Lawrence sold 3,470 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $10.13, for a total transaction of $35,151.10. Following the completion of the transaction, the chief accounting officer directly owned 456,144 shares in the company, valued at $4,620,738.72. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Barry L. Padgett sold 6,618 shares of the company’s 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 completion of the transaction, the director owned 47,270 shares in the company, valued at $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. Over the last quarter, insiders sold 27,236 shares of company stock valued at $270,331. Company insiders own 8.54% of the company’s stock.

Institutional Investors Weigh In On Freshworks

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi grew its stake in Freshworks by 1.3% in the 1st quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after buying an additional 1,040 shares in the last quarter. IFP Advisors Inc raised its position in shares of Freshworks by 954.9% during the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after buying an additional 1,948 shares in the last quarter. Focus Partners Wealth raised its position in shares of Freshworks by 20.2% during the 1st quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock valued at $175,000 after buying an additional 2,086 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Freshworks by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 267,900 shares of the company’s stock valued at $3,994,000 after buying an additional 2,100 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Freshworks during the 4th quarter worth $26,000. 75.58% of the stock is owned by hedge funds and other institutional investors.

Freshworks Stock Performance

NASDAQ:FRSH opened at $13.07 on Friday. Freshworks has a 52-week low of $6.79 and a 52-week high of $14.06. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 10.61 and a beta of 0.86. The business’s fifty day moving average is $10.67 and its 200 day moving average is $9.25.

Freshworks (NASDAQ:FRSH) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. Equities analysts predict 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.