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 note issued to investors on Saturday morning.

Several other research analysts have also recently issued reports on the company. Zacks Research cut Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. UBS Group boosted their target price on shares of Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Freshworks in a report on Tuesday, August 4th. Morgan Stanley reduced their price objective on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Finally, Piper Sandler boosted their price objective on shares of Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Freshworks currently has a consensus rating of “Hold” and an average price target of $14.17.

Freshworks Stock Up 1.2%

NASDAQ:FRSH opened at $11.98 on Friday. The company has a market capitalization of $3.31 billion, a PE ratio of 18.72 and a beta of 0.86. The stock’s 50 day moving average price is $10.27 and its 200 day moving average price is $9.20. Freshworks has a 52-week low of $6.79 and a 52-week high of $14.06.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The business had revenue of $237.38 million during the quarter, compared to analysts’ expectations of $233.62 million. During the same period in the prior year, the company earned $0.18 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. As a group, sell-side analysts anticipate that Freshworks will post -0.01 EPS for the current fiscal year.

Insider Transactions at Freshworks

In other Freshworks news, CAO Philippa Lawrence sold 10,530 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total transaction 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 trade represents a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jennifer H. Taylor sold 6,618 shares of Freshworks stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the transaction, the director owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. The trade was a 9.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,236 shares of company stock valued at $270,331 in the last 90 days. 8.54% of the stock is currently owned by insiders.

Institutional Trading of Freshworks

Large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL acquired a new position in Freshworks in the 3rd quarter valued at $1,984,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Freshworks by 403.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock worth $11,596,000 after purchasing an additional 1,157,277 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Freshworks by 80.7% during the first quarter. Principal Financial Group Inc. now owns 765,475 shares of the company’s stock worth $6,147,000 after purchasing an additional 341,947 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Freshworks by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock valued at $333,696,000 after purchasing an additional 922,549 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Freshworks by 12.8% in the first quarter. Bank of New York Mellon Corp now owns 1,168,094 shares of the company’s stock valued at $9,380,000 after purchasing an additional 132,443 shares during the period. 75.58% of the stock is currently owned by institutional investors and hedge funds.

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.