Freshworks (NASDAQ:FRSH) Price Target Raised to $12.00

Freshworks (NASDAQ:FRSH) had its price objective lifted by Piper Sandler from $10.00 to $12.00 in a research report sent to investors on Wednesday, MarketBeat reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research firms also recently commented on FRSH. Weiss Ratings downgraded shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Zacks Research cut Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Guggenheim began coverage on Freshworks in a research report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price target for the company. Finally, Morgan Stanley decreased their price target on Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.17.

Freshworks Stock Up 2.1%

Shares of FRSH stock opened at $11.83 on Wednesday. The company’s fifty day simple moving average is $10.24 and its 200-day simple moving average is $9.20. The firm has a market cap of $3.27 billion, a PE ratio of 18.48 and a beta of 0.86. Freshworks has a 12 month low of $6.79 and a 12 month high of $14.06.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. 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 analysts predict that Freshworks will post -0.01 earnings per share for the current fiscal year.

Insider Activity at Freshworks

In other Freshworks news, Director Jennifer H. Taylor sold 6,618 shares of Freshworks stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total value of $69,091.92. Following the completion of the transaction, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry L. Padgett sold 6,618 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total value of $69,422.82. Following the completion of the transaction, the director directly owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. This trade represents a 12.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 27,236 shares of company stock worth $270,331. Company insiders own 8.54% of the company’s stock.

Institutional Investors Weigh In On Freshworks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. bought a new stake in shares of Freshworks during the 4th quarter worth $31,967,000. Norges Bank bought a new position in Freshworks in the fourth quarter valued at about $31,873,000. Renaissance Technologies LLC grew its position in Freshworks by 79.1% in the first quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock valued at $36,745,000 after acquiring an additional 2,021,412 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in Freshworks by 1,528.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock worth $20,933,000 after acquiring an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Freshworks by 132.6% in the third quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock worth $32,840,000 after acquiring an additional 1,590,384 shares during the last quarter. 75.58% of the stock is currently 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.