Freshworks (NASDAQ:FRSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Freshworks (NASDAQ:FRSH) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other research analysts have also issued reports on the company. Citizens Jmp reduced their price target on Freshworks from $27.00 to $16.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th. Citigroup reaffirmed an “outperform” rating on shares of Freshworks in a report on Wednesday, February 11th. UBS Group set a $11.00 target price on shares of Freshworks in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald lowered their target price on shares of Freshworks from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Freshworks has an average rating of “Hold” and a consensus target price of $12.92.

Freshworks Stock Up 1.7%

Shares of NASDAQ:FRSH opened at $8.17 on Friday. The company’s 50-day moving average price is $9.01 and its 200 day moving average price is $10.95. The company has a market cap of $2.32 billion, a PE ratio of 12.77 and a beta of 0.93. Freshworks has a fifty-two week low of $6.79 and a fifty-two week high of $16.48.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Freshworks had a return on equity of 4.69% and a net margin of 21.90%.The business had revenue of $222.74 million during the quarter, compared to the consensus estimate of $218.76 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The business’s revenue 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. As a group, equities analysts anticipate that Freshworks will post -0.19 EPS for the current year.

Insider Activity at Freshworks

In other news, insider Mika Yamamoto sold 32,577 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total value of $275,275.65. Following the sale, the insider owned 1,127,723 shares of the company’s stock, valued at approximately $9,529,259.35. The trade was a 2.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.17% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in Freshworks in the fourth quarter worth about $26,000. IFP Advisors Inc boosted its position in shares of Freshworks by 954.9% during the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after purchasing an additional 1,948 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of Freshworks by 560.0% in the 3rd quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock worth $27,000 after purchasing an additional 1,932 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Freshworks in the 3rd quarter worth approximately $27,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Freshworks by 136.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock worth $32,000 after purchasing an additional 1,583 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.

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.