Freshworks (NASDAQ:FRSH) Updates Q3 2026 Earnings Guidance

Freshworks (NASDAQ:FRSH) issued an update on its third quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.180-0.180 for the period, compared to the consensus EPS estimate of 0.150. The company issued revenue guidance of $244.5 million-$245.5 million, compared to the consensus revenue estimate of $244.9 million. Freshworks also updated its FY 2026 guidance to 0.660-0.680 EPS.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research cut Freshworks from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings downgraded shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Guggenheim initiated coverage on shares of Freshworks in a research report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price target for the company. Finally, Citigroup reissued a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Freshworks currently has an average rating of “Hold” and a consensus target price of $13.25.

Freshworks Stock Up 2.3%

Shares of Freshworks stock traded up $0.27 during trading on Tuesday, reaching $12.04. 8,356,077 shares of the company were exchanged, compared to its average volume of 11,424,372. Freshworks has a twelve month low of $6.79 and a twelve month high of $14.06. The business has a 50-day moving average price of $10.03 and a 200-day moving average price of $9.18. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 19.42 and a beta of 0.86.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The business had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, equities research analysts forecast that Freshworks will post -0.02 EPS for the current fiscal year.

Insider Activity

In related news, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total transaction of $69,422.82. Following the completion of the transaction, the director owned 47,270 shares in the company, valued at approximately $495,862.30. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total transaction of $69,091.92. Following the completion of the sale, the director directly owned 62,673 shares of the company’s stock, valued at $654,306.12. The trade was a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,236 shares of company stock valued at $270,331 in the last ninety days. 8.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Freshworks

Several institutional investors and hedge funds have recently made changes to their positions in the company. Balyasny Asset Management L.P. bought a new stake in shares of Freshworks during the fourth quarter worth $31,967,000. Qube Research & Technologies Ltd lifted its position in Freshworks by 132.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock valued at $32,840,000 after acquiring an additional 1,590,384 shares in the last quarter. Squarepoint Ops LLC lifted its position in Freshworks by 345.1% in the 2nd quarter. Squarepoint Ops LLC now owns 1,835,798 shares of the company’s stock valued at $27,372,000 after acquiring an additional 1,423,391 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Freshworks in the 3rd quarter worth $15,656,000. Finally, AQR Capital Management LLC boosted its stake in Freshworks by 213.8% in the 4th quarter. AQR Capital Management LLC now owns 1,895,737 shares of the company’s stock worth $23,223,000 after purchasing an additional 1,291,662 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.