Brokerages Set Freshworks Inc. (NASDAQ:FRSH) Price Target at $12.45

Shares of Freshworks Inc. (NASDAQ:FRSH) have earned a consensus recommendation of “Hold” from the fifteen research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.1818.

A number of research analysts recently issued reports on FRSH shares. Oppenheimer cut shares of Freshworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 19th. Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company decreased their price objective on shares of Freshworks from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th. Finally, UBS Group set a $11.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th.

Freshworks Trading Down 3.5%

NASDAQ FRSH opened at $8.20 on Thursday. Freshworks has a 1-year low of $6.79 and a 1-year high of $16.14. The company has a 50 day moving average of $8.28 and a 200-day moving average of $10.04. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 13.23 and a beta of 0.83.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.64 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. 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 research analysts forecast that Freshworks will post -0.03 earnings per share for the current year.

Insider Transactions at Freshworks

In related news, insider Mika Yamamoto sold 32,577 shares of Freshworks 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 transaction, the insider directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.54% of the stock is owned by company insiders.

Institutional Trading of Freshworks

A number of hedge funds and other institutional investors have recently modified their holdings of FRSH. Balyasny Asset Management L.P. bought a new stake in shares of Freshworks during the fourth quarter worth $31,967,000. Norges Bank bought a new stake in shares of Freshworks during the fourth quarter worth $31,873,000. Jupiter Asset Management Ltd. grew its stake in shares of Freshworks by 1,528.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock worth $20,933,000 after buying an additional 1,603,887 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Freshworks by 132.6% during the third quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock worth $32,840,000 after buying an additional 1,590,384 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Freshworks by 345.1% during the second quarter. Squarepoint Ops LLC now owns 1,835,798 shares of the company’s stock worth $27,372,000 after buying an additional 1,423,391 shares during the last quarter. Institutional investors own 75.58% of the company’s stock.

About Freshworks

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.