Freshworks (NASDAQ:FRSH) Rating Increased to Strong-Buy at Zacks Research

Freshworks (NASDAQ:FRSH) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Citigroup reaffirmed an “outperform” rating on shares of Freshworks in a research note on Wednesday, February 11th. Wells Fargo & Company cut their price target on shares of Freshworks from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of Freshworks in a research report on Wednesday, February 11th. Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Finally, Robert W. Baird set a $10.00 price target on shares of Freshworks in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Freshworks presently has an average rating of “Hold” and a consensus price target of $12.45.

Freshworks Trading Down 2.2%

Shares of NASDAQ FRSH opened at $8.83 on Thursday. The firm has a market cap of $2.51 billion, a PE ratio of 14.24 and a beta of 0.83. Freshworks has a 1-year low of $6.79 and a 1-year high of $16.14. The company has a fifty day moving average price of $8.22 and a 200 day moving average price of $10.12.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $228.63 million during the quarter, compared to analyst estimates of $223.64 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. Equities research analysts forecast that Freshworks will post -0.09 EPS for the current year.

Insider Buying and Selling

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the business’s 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 sale, the insider directly owned 1,127,723 shares of the company’s stock, valued at $9,529,259.35. The trade was a 2.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 8.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Freshworks

Several institutional investors and hedge funds have recently added to or reduced their stakes in FRSH. Amundi raised its holdings in shares of Freshworks by 1.3% in the 1st quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after purchasing an additional 1,040 shares during the period. Inceptionr LLC raised its holdings in shares of Freshworks by 3.6% in the 3rd quarter. Inceptionr LLC now owns 33,583 shares of the company’s stock valued at $395,000 after purchasing an additional 1,174 shares during the period. Covestor Ltd raised its holdings in shares of Freshworks by 25.0% in the 3rd quarter. Covestor Ltd now owns 7,393 shares of the company’s stock valued at $87,000 after purchasing an additional 1,479 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Freshworks by 1.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 97,787 shares of the company’s stock valued at $1,151,000 after purchasing an additional 1,578 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Freshworks by 136.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after purchasing an additional 1,583 shares during the period. 75.58% of the stock is owned by 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.