Freshworks Inc. (NASDAQ:FRSH) Receives $14.17 Consensus Price Target from Brokerages

Freshworks Inc. (NASDAQ:FRSH) has been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.1667.

A number of research analysts have issued reports on FRSH shares. Piper Sandler boosted their price objective on shares of 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 boosted their price target 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. Weiss Ratings raised shares of Freshworks from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Finally, Guggenheim started coverage on shares of Freshworks in a report on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price objective for the company.

Freshworks Stock Performance

Shares of FRSH stock opened at $11.89 on Wednesday. Freshworks has a fifty-two week low of $6.79 and a fifty-two week high of $13.99. The firm has a market cap of $3.10 billion, a P/E ratio of 18.58, a P/E/G ratio of 9.89 and a beta of 0.89. The business’s 50 day moving average price is $11.82 and its 200-day moving average price is $9.78.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The company had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. 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, equities analysts predict that Freshworks will post 0.04 EPS for the current year.

Insider Transactions at Freshworks

In other news, CAO Philippa Lawrence sold 52,767 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $5,158,172. This trade represents a 11.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Padgett sold 6,618 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were 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 of the company’s stock, valued at approximately $495,862.30. The trade was a 12.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 80,003 shares of company stock valued at $969,494. Corporate insiders own 8.54% of the company’s stock.

Hedge Funds Weigh In On Freshworks

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi grew its position in shares of 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 during the period. IFP Advisors Inc lifted its position in 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 acquiring an additional 1,948 shares during the period. Focus Partners Wealth lifted its position in 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 acquiring an additional 2,086 shares during the period. Canada Pension Plan Investment Board boosted its stake in Freshworks by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 267,900 shares of the company’s stock worth $3,994,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Freshworks during the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 75.58% of the company’s stock.

About Freshworks

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.