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 Monday morning.

Several other equities analysts have also recently issued reports on the company. Oppenheimer cut Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Piper Sandler dropped their price target on Freshworks from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. BTIG Research began coverage on Freshworks in a research report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Freshworks in a research report on Wednesday, February 11th. Finally, Citigroup restated an “outperform” rating on shares of Freshworks in a research report on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.92.

Freshworks Stock Performance

FRSH opened at $8.04 on Monday. The business’s 50-day simple moving average is $8.20 and its 200-day simple moving average is $10.56. Freshworks has a one year low of $6.79 and a one year high of $16.14. The stock has a market capitalization of $2.28 billion, a P/E ratio of 12.56 and a beta of 0.87.

Freshworks (NASDAQ:FRSH) last posted its earnings results on Tuesday, February 10th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $218.76 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue 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. On average, equities research analysts forecast that Freshworks will post -0.19 EPS for the current fiscal year.

Insider Transactions at Freshworks

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total transaction of $275,275.65. Following the transaction, the insider owned 1,127,723 shares in the company, valued at approximately $9,529,259.35. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.17% of the company’s stock.

Hedge Funds Weigh In On Freshworks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Freshworks by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock worth $333,696,000 after purchasing an additional 922,549 shares during the period. Eminence Capital LP increased its position in Freshworks by 39.4% during the 2nd quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock worth $109,359,000 after purchasing an additional 2,074,641 shares during the period. Wellington Management Group LLP increased its position in Freshworks by 9.2% during the 4th quarter. Wellington Management Group LLP now owns 5,359,784 shares of the company’s stock worth $65,657,000 after purchasing an additional 453,627 shares during the period. Geode Capital Management LLC increased its position in Freshworks by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,126,112 shares of the company’s stock worth $62,805,000 after purchasing an additional 95,720 shares during the period. Finally, State Street Corp increased its position in Freshworks by 1.2% during the 4th quarter. State Street Corp now owns 4,904,684 shares of the company’s stock worth $60,082,000 after purchasing an additional 56,935 shares during the period. Institutional investors and hedge funds 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.