Freshworks Inc. (NASDAQ:FRSH) Stock Has Consensus Price Target of $14.85 According to Analysts

Shares of Freshworks Inc. (NASDAQ:FRSH) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $14.85.

Several brokerages recently weighed in on FRSH. Guggenheim started coverage on shares of Freshworks in a research report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price objective on the stock. Robert W. Baird set a $13.00 price target on Freshworks in a report on Wednesday, August 5th. Piper Sandler increased their price objective on Freshworks from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price objective on shares of Freshworks from $10.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Zacks Research lowered shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th.

Freshworks Stock Down 1.9%

Shares of NASDAQ FRSH opened at $14.72 on Thursday. Freshworks has a 12 month low of $6.79 and a 12 month high of $15.51. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 9.81 and a beta of 0.90. The business has a fifty day simple moving average of $13.43 and a 200-day simple moving average of $10.45.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $237.38 million for the quarter, compared to analysts’ expectations of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, sell-side analysts expect that Freshworks will post 0.05 EPS for the current fiscal year.

Insider Activity at Freshworks

In other Freshworks news, CAO Philippa Lawrence sold 52,767 shares of Freshworks stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $13.25, for a total transaction of $699,162.75. Following the sale, the chief accounting officer owned 389,296 shares in the company, valued at $5,158,172. The trade was a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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. Insiders own 8.54% of the company’s stock.

Hedge Funds Weigh In On Freshworks

A number of hedge funds have recently made changes to their positions in FRSH. Provenance Wealth Advisors LLC acquired a new stake in shares of Freshworks in the 3rd quarter valued at $28,000. Root Financial Partners LLC acquired a new stake in shares of Freshworks during the 3rd quarter worth about $29,000. Nykredit A S acquired a new stake in shares of Freshworks during the 2nd quarter worth about $28,000. Summit Securities Group LLC lifted its holdings in Freshworks by 186.3% during the 1st quarter. Summit Securities Group LLC now owns 6,043 shares of the company’s stock valued at $49,000 after purchasing an additional 3,932 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Freshworks by 164.0% during the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock valued at $49,000 after purchasing an additional 3,824 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

About Freshworks

Freshworks Inc (NASDAQ:FRSH) develops cloud-based customer and employee engagement software for businesses of various sizes. Its products are designed to help organizations manage customer support, IT service operations, sales activities, and marketing workflows through user-friendly, artificial intelligence-enabled applications.

The company’s product portfolio includes Freshdesk for customer service and support, Freshservice for IT and enterprise service management, Freshsales for customer relationship management, and Freshmarketer for marketing automation and customer engagement.