Freshworks (NASDAQ:FRSH) Stock Rating Lowered by Oppenheimer

Freshworks (NASDAQ:FRSH) was downgraded by Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Thursday,Finviz reports.

Other equities research analysts have also recently issued research reports about the company. BTIG Research assumed coverage on Freshworks in a research note on Tuesday, December 16th. They set a “neutral” rating for the company. Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Freshworks in a research note on Wednesday, February 11th. Finally, Citizens Jmp lowered their target price on shares of Freshworks from $27.00 to $16.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Freshworks presently has a consensus rating of “Hold” and an average target price of $12.92.

Freshworks Stock Up 0.1%

Shares of FRSH stock opened at $8.02 on Thursday. The stock has a market capitalization of $2.26 billion, a PE ratio of 12.53 and a beta of 0.93. Freshworks has a 52-week low of $6.79 and a 52-week high of $16.48. The stock’s 50-day moving average price is $9.24 and its 200 day moving average price is $11.07.

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

Insiders Place Their Bets

In related news, insider Mika Yamamoto sold 32,577 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total transaction of $275,275.65. Following the transaction, the insider owned 1,127,723 shares of the company’s stock, valued at $9,529,259.35. This 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 at this link. 11.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Freshworks

Several institutional investors have recently made changes to their positions in FRSH. Envestnet Asset Management Inc. boosted its holdings in Freshworks by 34.1% during the second quarter. Envestnet Asset Management Inc. now owns 110,654 shares of the company’s stock worth $1,650,000 after buying an additional 28,152 shares in the last quarter. Geode Capital Management LLC grew its position in Freshworks by 1.6% during the second quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock worth $72,414,000 after buying an additional 75,688 shares during the period. Nordea Investment Management AB purchased a new position in Freshworks in the third quarter valued at about $5,083,000. Clark Capital Management Group Inc. increased its holdings in Freshworks by 82.3% in the third quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock valued at $8,788,000 after buying an additional 337,138 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of Freshworks by 744.6% during the 2nd quarter. Edgestream Partners L.P. now owns 367,873 shares of the company’s stock valued at $5,485,000 after acquiring an additional 324,319 shares during the period. 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.