Freshworks (NASDAQ:FRSH) Stock Gets Price Target Bump from UBS Group

Freshworks (NASDAQ:FRSH) had its target price raised by stock analysts at UBS Group from $14.00 to $17.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group‘s price target would indicate a potential upside of 28.21% from the stock’s previous close.

Several other research firms have also recently issued reports on FRSH. Guggenheim assumed coverage on shares of Freshworks in a research note on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price target on the stock. Zacks Research lowered shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Piper Sandler boosted their price objective on shares of Freshworks from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday. Cantor Fitzgerald upped their price objective on shares of Freshworks from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Wolfe Research lowered shares of Freshworks from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Freshworks presently has an average rating of “Moderate Buy” and an average target price of $15.69.

Freshworks Trading Down 6.3%

Shares of NASDAQ FRSH traded down $0.89 during trading on Wednesday, reaching $13.26. The company had a trading volume of 11,365,503 shares, compared to its average volume of 9,763,424. Freshworks has a twelve month low of $6.79 and a twelve month high of $15.51. The stock has a 50-day moving average price of $13.47 and a two-hundred day moving average price of $10.48. The stock has a market capitalization of $3.46 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 9.47 and a beta of 0.80.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $245.43 million for the quarter, compared to analyst estimates of $245.06 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. On average, sell-side analysts predict that Freshworks will post 0.05 EPS for the current year.

Insider Buying and Selling

In related news, CAO Philippa Lawrence sold 52,767 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $13.25, for a total value of $699,162.75. Following the completion of the transaction, the chief accounting officer directly owned 389,296 shares in the company, valued at approximately $5,158,172. This represents a 11.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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. Insiders own 8.54% of the company’s stock.

Institutional Trading of Freshworks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC acquired a new position in shares of Freshworks during the 3rd quarter valued at about $28,000. Root Financial Partners LLC purchased a new position in shares of Freshworks during the 3rd quarter worth about $29,000. Nykredit A S purchased a new position in shares of Freshworks during the 2nd quarter worth about $28,000. Summit Securities Group LLC boosted its position in shares of Freshworks by 186.3% in the first quarter. Summit Securities Group LLC now owns 6,043 shares of the company’s stock worth $49,000 after acquiring an additional 3,932 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Freshworks by 164.0% in the first quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock worth $49,000 after acquiring an additional 3,824 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Trending Headlines about Freshworks

Here are the key news stories impacting Freshworks this week:

• Positive Sentiment: Freshworks reported Q3 adjusted earnings of $0.22 per share, above the $0.18 consensus, while revenue of $245.4 million slightly topped estimates and grew 14% year over year. The company also posted record adjusted free cash flow of $73.9 million and GAAP net income of $18.3 million. Freshworks Q3 results
• Positive Sentiment: Cantor Fitzgerald raised its price target to $20 from $15 and maintained an Overweight rating, citing potential upside. Cantor Fitzgerald recommendations
• Neutral Sentiment: Piper Sandler lifted its target to $15 from $12 but kept a Neutral rating, suggesting a more measured view of the shares. Piper Sandler recommendations
• Negative Sentiment: Freshworks forecast 2026 revenue of $965 million to $966 million and aims for more than $0.94 in adjusted free cash flow per share. The outlook was characterized as cautious, tempering the upbeat quarterly results and potentially contributing to investor concern about the growth trajectory. Freshworks 2026 outlook
• Negative Sentiment: Wolfe Research downgraded FRSH from Outperform to Peer Perform, removing a bullish endorsement. Wolfe Research recommendations

About Freshworks

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.