Brokerages Set Freshworks Inc. (NASDAQ:FRSH) Price Target at $12.92

Freshworks Inc. (NASDAQ:FRSH) has received a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.9167.

A number of research firms have recently issued reports on FRSH. Canaccord Genuity Group set a $14.00 target price on Freshworks in a report on Wednesday, February 11th. UBS Group set a $11.00 price target on Freshworks in a report on Wednesday, February 11th. Zacks Research lowered shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Jefferies Financial Group downgraded shares of Freshworks from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.00 to $8.00 in a research report on Monday, February 23rd. Finally, Oppenheimer cut shares of Freshworks from an “outperform” rating to a “market perform” rating in a research note on Thursday.

Freshworks Stock Performance

Shares of FRSH opened at $8.03 on Wednesday. Freshworks has a fifty-two week low of $6.79 and a fifty-two week high of $16.48. The firm has a 50-day simple moving average of $9.08 and a 200-day simple moving average of $10.99. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 12.55 and a beta of 0.93.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $222.74 million for the quarter, compared to analysts’ expectations of $218.76 million. Freshworks had a return on equity of 4.69% and a net margin of 21.90%.The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. Equities research analysts forecast that Freshworks will post -0.19 EPS for the current year.

Insider Transactions at Freshworks

In related news, insider Mika Yamamoto sold 32,577 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.17% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Freshworks

Large investors have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Freshworks by 8.3% in the 4th quarter. Invesco Ltd. now owns 304,088 shares of the company’s stock valued at $3,725,000 after buying an additional 23,211 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Freshworks by 337.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 45,364 shares of the company’s stock worth $556,000 after acquiring an additional 34,997 shares during the period. EP Wealth Advisors LLC acquired a new position in Freshworks during the fourth quarter worth $266,000. Mackenzie Financial Corp raised its position in Freshworks by 14.0% in the fourth quarter. Mackenzie Financial Corp now owns 267,277 shares of the company’s stock worth $3,289,000 after acquiring an additional 32,914 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in Freshworks by 11.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,748,985 shares of the company’s stock worth $58,175,000 after acquiring an additional 478,473 shares in the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

Freshworks Company Profile

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.