Freshworks Inc. (NASDAQ:FRSH) Receives $14.17 Average Price Target from Analysts

Freshworks Inc. (NASDAQ:FRSH) has received an average recommendation of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.1667.

Several research firms have commented on FRSH. Robert W. Baird set a $13.00 price objective on Freshworks in a research report on Wednesday, August 5th. UBS Group lifted their target price on shares of Freshworks from $11.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Cantor Fitzgerald boosted their target price on shares of Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Freshworks in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Freshworks from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Freshworks Stock Down 2.6%

Shares of FRSH opened at $12.33 on Friday. Freshworks has a 52 week low of $6.79 and a 52 week high of $14.06. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 10.55 and a beta of 0.86. The stock’s 50-day moving average price is $10.53 and its 200-day moving average price is $9.22.

Freshworks (NASDAQ:FRSH) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.Freshworks’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. 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 anticipate that Freshworks will post 0.04 EPS for the current fiscal year.

Insider Transactions at Freshworks

In other news, Director Barry L. Padgett sold 6,618 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total transaction of $69,422.82. Following the sale, the director directly owned 47,270 shares of the company’s stock, valued at $495,862.30. This represents a 12.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total value of $69,091.92. Following the sale, the director owned 62,673 shares in the company, valued at $654,306.12. This trade represents a 9.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,236 shares of company stock valued at $270,331 in the last ninety days. 8.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Freshworks

Several institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its position in shares of 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 buying an additional 1,948 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Freshworks during the 4th quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Freshworks during the 4th quarter valued at approximately $36,000. Allworth Financial LP grew its stake in Freshworks by 479.9% in the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock valued at $39,000 after acquiring an additional 2,649 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Freshworks by 164.0% in the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock valued at $49,000 after acquiring an additional 3,824 shares during the period. 75.58% of the stock is owned by institutional investors and hedge funds.

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.