Freshworks (NASDAQ:FRSH) Research Coverage Started at KeyCorp

KeyCorp started coverage on shares of Freshworks (NASDAQ:FRSH) in a report published on Monday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $18.00 price target on the stock.

Several other equities research analysts have also recently weighed in on the company. Piper Sandler upped their price target on Freshworks from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Cantor Fitzgerald increased their target price on shares of Freshworks from $12.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. UBS Group increased their price objective on Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen raised Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.46.

Freshworks Trading Up 0.6%

Shares of FRSH stock opened at $12.73 on Monday. The firm’s 50 day moving average is $11.96 and its 200 day moving average is $9.91. The stock has a market capitalization of $3.32 billion, a P/E ratio of 19.89, a PEG ratio of 10.55 and a beta of 0.89. Freshworks has a 12 month low of $6.79 and a 12 month high of $13.99.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $237.38 million during the quarter, compared to analyst estimates of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. Freshworks’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, equities analysts predict that Freshworks will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Freshworks news, Director Barry L. Padgett sold 6,618 shares of Freshworks stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total transaction of $69,422.82. Following the completion of the sale, the director owned 47,270 shares of the company’s stock, valued at $495,862.30. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 52,767 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $13.25, for a total value of $699,162.75. Following the completion of the transaction, the chief accounting officer owned 389,296 shares of the company’s stock, valued at $5,158,172. The trade was a 11.94% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 69,473 shares of company stock worth $872,829. Corporate insiders own 8.54% of the company’s stock.

Institutional Trading of Freshworks

Hedge funds have recently bought and sold shares of the company. Generation Investment Management LLP bought a new position in Freshworks during the 2nd quarter worth approximately $6,392,000. Assenagon Asset Management S.A. purchased a new stake in shares of Freshworks during the second quarter valued at approximately $2,565,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Freshworks by 403.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock valued at $11,596,000 after purchasing an additional 1,157,277 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Freshworks by 80.7% in the first quarter. Principal Financial Group Inc. now owns 765,475 shares of the company’s stock worth $6,147,000 after purchasing an additional 341,947 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Freshworks by 209.6% in the first quarter. First Trust Advisors LP now owns 262,849 shares of the company’s stock worth $2,111,000 after buying an additional 177,963 shares during the period. Institutional investors own 75.58% of the company’s stock.

Freshworks Company Profile

Freshworks Inc (NASDAQ: FRSH) develops cloud-based software designed to help businesses manage customer and employee experiences. Its platform is intended for organizations of various sizes and combines tools for customer support, IT service management, sales, marketing and other business functions.

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