UBS Group Issues Positive Forecast for Freshworks (NASDAQ:FRSH) Stock Price

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

Other equities research analysts also recently issued reports about the company. Oppenheimer reaffirmed a “market perform” rating on shares of Freshworks in a report on Wednesday. Wall Street Zen raised shares of Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Wolfe Research cut shares of Freshworks from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Freshworks presently has an average rating of “Moderate Buy” and an average target price of $15.69.

Freshworks Stock Performance

Freshworks stock traded down $0.89 during mid-day trading on Wednesday, reaching $13.26. 11,365,503 shares of the company were exchanged, 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 firm’s 50-day simple moving average is $13.47 and its two-hundred day simple moving average is $10.48. The firm has a market cap 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 announced its earnings results on Tuesday, November 3rd. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $245.43 million for the quarter, compared to the consensus estimate of $245.06 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. As a group, equities research analysts anticipate that Freshworks will post 0.05 EPS for the current year.

Insider Buying and Selling at Freshworks

In related news, CAO Philippa Lawrence sold 52,767 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $13.25, for a total value of $699,162.75. Following the completion of the sale, the chief accounting officer owned 389,296 shares in the company, valued at $5,158,172. This trade represents a 11.94% decrease in their ownership of the stock. The sale 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 Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FRSH. Wellington Management Group LLP increased its holdings in Freshworks by 9.7% during the 2nd quarter. Wellington Management Group LLP now owns 4,000,543 shares of the company’s stock valued at $40,485,000 after acquiring an additional 353,714 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Freshworks by 79.1% in the first quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock valued at $36,745,000 after purchasing an additional 2,021,412 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Freshworks by 1.4% in the first quarter. Bank of America Corp DE now owns 2,128,268 shares of the company’s stock valued at $17,090,000 after purchasing an additional 30,395 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Freshworks by 403.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock valued at $11,596,000 after purchasing an additional 1,157,277 shares during the last quarter. Finally, Walleye Capital LLC grew its position in shares of Freshworks by 2,480.8% in the first quarter. Walleye Capital LLC now owns 1,247,655 shares of the company’s stock valued at $10,019,000 after purchasing an additional 1,199,311 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting 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.