Freshworks (NASDAQ:FRSH) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Freshworks (NASDAQ:FRSH) from a buy rating to a hold rating in a research report report published on Saturday morning.

FRSH has been the subject of several other research reports. Zacks Research cut Freshworks from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Citizens Jmp dropped their target price on Freshworks from $27.00 to $16.00 and set a “market outperform” rating for the company in a report on Wednesday, February 11th. BTIG Research began coverage on Freshworks in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. Robert W. Baird set a $10.00 price target on Freshworks in a report on Wednesday, February 11th. Finally, Oppenheimer set a $15.00 price objective on shares of Freshworks in a research report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Freshworks currently has an average rating of “Hold” and an average price target of $12.92.

Freshworks Price Performance

Shares of NASDAQ:FRSH opened at $8.63 on Friday. Freshworks has a 1 year low of $6.79 and a 1 year high of $16.48. The firm has a market capitalization of $2.43 billion, a PE ratio of 13.48 and a beta of 0.93. The business’s 50 day moving average price is $9.87 and its 200-day moving average price is $11.38.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $222.74 million for the quarter, compared to analysts’ expectations of $218.76 million. Freshworks had a net margin of 21.90% and a return on equity of 4.69%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. As a group, analysts expect that Freshworks will post -0.19 earnings per share for the current year.

Insider Buying and Selling

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total value of $275,275.65. Following the completion of the transaction, the insider owned 1,127,723 shares of the company’s stock, valued at $9,529,259.35. This trade represents a 2.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 11.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FRSH. Summit Securities Group LLC purchased a new position in shares of Freshworks in the 4th quarter valued at about $26,000. IFP Advisors Inc raised its holdings in Freshworks by 954.9% in the fourth 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 in the last quarter. Rothschild Investment LLC raised its holdings in Freshworks by 560.0% in the third quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock valued at $27,000 after acquiring an additional 1,932 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Freshworks during the 3rd quarter worth approximately $27,000. Finally, SBI Securities Co. Ltd. grew its holdings in Freshworks by 136.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock worth $32,000 after acquiring an additional 1,583 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

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.