Freshworks (NASDAQ:FRSH) Price Target Raised to $15.00

Freshworks (NASDAQ:FRSH) had its price target raised by Wells Fargo & Company from $10.00 to $15.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts have also recently commented on the company. KeyCorp began coverage on Freshworks in a report on Monday, September 14th. They issued an “overweight” rating and a $18.00 price objective on the stock. Wall Street Zen raised Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Piper Sandler increased their price target on Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Zacks Research downgraded Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Weiss Ratings raised shares of Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.85.

Freshworks Stock Performance

Shares of FRSH opened at $14.72 on Wednesday. The stock has a 50-day moving average of $13.43 and a two-hundred day moving average of $10.45. The stock has a market cap of $3.84 billion, a P/E ratio of 83.39, a P/E/G ratio of 10.01 and a beta of 0.90. Freshworks has a one year low of $6.79 and a one year high of $15.51.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $237.38 million for the quarter, compared to analyst estimates of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. Analysts predict that Freshworks will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Freshworks news, CAO Philippa Lawrence sold 3,492 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $12.98, for a total value of $45,326.16. Following the sale, the chief accounting officer owned 379,639 shares of the company’s stock, valued at $4,927,714.22. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 8.54% of the stock is currently owned by company insiders.

Institutional Trading of Freshworks

A number of large investors have recently made changes to their positions in FRSH. Provenance Wealth Advisors LLC acquired a new position in shares of Freshworks in the 3rd quarter valued at about $28,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Freshworks during the 3rd quarter valued at $488,000. Moss Adams Wealth Advisors LLC acquired a new stake in Freshworks during the 3rd quarter valued at $248,000. State of Wyoming increased its stake in Freshworks by 397.0% during the 3rd quarter. State of Wyoming now owns 36,771 shares of the company’s stock worth $470,000 after buying an additional 29,373 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Freshworks by 43.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 71,900 shares of the company’s stock worth $920,000 after buying an additional 21,725 shares during the period. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Freshworks Company Profile

Freshworks Inc (NASDAQ:FRSH) develops cloud-based customer and employee engagement software for businesses of various sizes. Its products are designed to help organizations manage customer support, IT service operations, sales activities, and marketing workflows through user-friendly, artificial intelligence-enabled applications.

The company’s product portfolio includes Freshdesk for customer service and support, Freshservice for IT and enterprise service management, Freshsales for customer relationship management, and Freshmarketer for marketing automation and customer engagement.