Freshworks (NASDAQ:FRSH) Downgraded by Oppenheimer to “Market Perform”

Freshworks (NASDAQ:FRSH) was downgraded by research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued on Thursday,Finviz reports.

A number of other research analysts also recently commented on FRSH. Citizens Jmp dropped their price objective on Freshworks from $27.00 to $16.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 11th. Wells Fargo & Company decreased their target price on Freshworks from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Zacks Research lowered shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. BTIG Research initiated coverage on shares of Freshworks in a report on Tuesday, December 16th. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group downgraded shares of Freshworks from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $20.00 to $8.00 in a research report on Monday, February 23rd. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.92.

Freshworks Trading Up 0.1%

Freshworks stock opened at $8.02 on Thursday. The company has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $11.07. The stock has a market cap of $2.26 billion, a P/E ratio of 12.53 and a beta of 0.93. Freshworks has a 12-month low of $6.79 and a 12-month high of $16.48.

Freshworks (NASDAQ:FRSH) last posted its earnings results on Tuesday, February 10th. The company reported $0.14 EPS for the quarter, beating 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 firm had revenue of $222.74 million for the quarter, compared to analyst estimates of $218.76 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. Freshworks’s revenue for the quarter was up 14.5% compared to the same quarter last year. 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, sell-side analysts forecast that Freshworks will post -0.19 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mika Yamamoto sold 32,577 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total value of $275,275.65. Following the completion of the sale, the insider directly owned 1,127,723 shares of the company’s stock, valued at $9,529,259.35. This represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Freshworks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRSH. Balyasny Asset Management L.P. acquired a new stake in shares of Freshworks in the fourth quarter valued at approximately $31,967,000. Norges Bank acquired a new position in shares of Freshworks in the 4th quarter valued at $31,873,000. Eminence Capital LP raised its position in Freshworks by 39.4% in the 2nd quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock valued at $109,359,000 after purchasing an additional 2,074,641 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in Freshworks by 1,528.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock worth $20,933,000 after purchasing an additional 1,603,887 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in Freshworks by 132.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock worth $32,840,000 after purchasing an additional 1,590,384 shares during the period. Hedge funds and other 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.