Freshworks Inc. (NASDAQ:FRSH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Freshworks Inc. (NASDAQ:FRSH) have received an average rating of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $12.1818.

FRSH has been the topic of several research reports. Oppenheimer lowered Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Zacks Research upgraded Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Morgan Stanley dropped their target price on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th.

Freshworks Stock Down 0.6%

FRSH opened at $10.15 on Friday. Freshworks has a 52-week low of $6.79 and a 52-week high of $15.47. The company has a 50 day moving average of $9.10 and a two-hundred day moving average of $9.45. The company has a market cap of $2.80 billion, a P/E ratio of 16.36 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last issued its earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $228.63 million for 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 business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. Research analysts anticipate that Freshworks will post -0.02 earnings per share for the current year.

Insider Activity at Freshworks

In other news, CAO Philippa Lawrence sold 10,530 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total value of $96,665.40. Following the completion of the transaction, the chief accounting officer directly owned 465,823 shares in the company, valued at approximately $4,276,255.14. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.54% of the company’s stock.

Institutional Investors Weigh In On Freshworks

A number of large investors have recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. boosted its stake in Freshworks by 82.3% during the 3rd quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock valued at $8,788,000 after acquiring an additional 337,138 shares during the last quarter. Newlands Management Operations LLC bought a new stake in shares of Freshworks in the 3rd quarter worth about $5,410,000. Tudor Investment Corp ET AL bought a new stake in shares of Freshworks in the 3rd quarter worth about $1,984,000. Topline Capital Management LLC raised its stake in shares of Freshworks by 43.0% in the 3rd quarter. Topline Capital Management LLC now owns 2,765,000 shares of the company’s stock valued at $32,544,000 after purchasing an additional 831,787 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Freshworks by 166.3% during the third quarter. Quantbot Technologies LP now owns 222,291 shares of the company’s stock worth $2,616,000 after purchasing an additional 138,802 shares during the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

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.