Freshworks (NASDAQ:FRSH) Shares Up 6.7% – Here’s What Happened

Freshworks Inc. (NASDAQ:FRSH)’s share price shot up 6.7% during trading on Friday . The company traded as high as $8.95 and last traded at $8.9850. 6,304,330 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 7,447,158 shares. The stock had previously closed at $8.42.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FRSH. UBS Group set a $11.00 price target on Freshworks in a report on Wednesday, February 11th. Wells Fargo & Company cut their price target on Freshworks from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Citizens Jmp cut their price target on Freshworks from $27.00 to $16.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 11th. Morgan Stanley cut their price target on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Piper Sandler dropped their target price on Freshworks from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.18.

Freshworks Stock Up 6.4%

The firm has a market cap of $2.48 billion, a P/E ratio of 14.45 and a beta of 0.83. The firm has a fifty day moving average of $8.29 and a 200-day moving average of $10.01.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The business had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.64 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. Freshworks’s revenue was up 16.5% on a year-over-year basis. 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, equities analysts forecast that Freshworks Inc. will post -0.02 EPS for the current year.

Insider Transactions at Freshworks

In related news, insider Mika Yamamoto sold 32,577 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total transaction of $275,275.65. Following the sale, the insider owned 1,127,723 shares in the company, valued at approximately $9,529,259.35. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.54% of the company’s stock.

Hedge Funds Weigh In On Freshworks

A number of institutional investors have recently bought and sold shares of FRSH. Royal Bank of Canada increased its position in Freshworks by 120.8% during the first quarter. Royal Bank of Canada now owns 21,388 shares of the company’s stock worth $302,000 after buying an additional 11,703 shares during the last quarter. Amundi increased its position in Freshworks by 1.3% during the first quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after buying an additional 1,040 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Freshworks by 35.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock worth $31,396,000 after buying an additional 578,628 shares during the last quarter. Woodline Partners LP increased its position in Freshworks by 13.5% during the first quarter. Woodline Partners LP now owns 21,569 shares of the company’s stock worth $304,000 after buying an additional 2,571 shares during the last quarter. Finally, Focus Partners Wealth increased its position in Freshworks by 20.2% during the first quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock worth $175,000 after buying an additional 2,086 shares during the last quarter. Institutional investors and hedge funds 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.