Freshworks (NASDAQ:FRSH) Sets New 12-Month Low – Here’s What Happened

Freshworks Inc. (NASDAQ:FRSH) hit a new 52-week low during trading on Tuesday . The company traded as low as $9.79 and last traded at $9.8030, with a volume of 781003 shares trading hands. The stock had previously closed at $10.66.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FRSH shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Freshworks in a research report on Wednesday, October 8th. BTIG Research assumed coverage on shares of Freshworks in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. Oppenheimer reduced their target price on Freshworks from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating and set a $17.00 price target on shares of Freshworks in a research note on Friday, November 14th. Finally, Needham & Company LLC restated a “buy” rating on shares of Freshworks in a research report on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Freshworks presently has an average rating of “Hold” and a consensus target price of $18.54.

Freshworks Stock Performance

The firm has a market cap of $2.70 billion, a P/E ratio of -95.62 and a beta of 0.89. The business’s 50-day simple moving average is $12.04 and its 200 day simple moving average is $12.29.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $215.12 million during the quarter, compared to the consensus estimate of $208.80 million. Freshworks had a negative return on equity of 0.37% and a negative net margin of 3.65%.The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. As a group, equities research analysts expect that Freshworks Inc. will post -0.19 EPS for the current year.

Insider Buying and Selling

In related news, insider Tyler Sloat acquired 171,615 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $11.62 per share, for a total transaction of $1,994,166.30. Following the purchase, the insider directly owned 1,149,244 shares of the company’s stock, valued at $13,354,215.28. This trade represents a 17.55% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Dennis Woodside bought 176,100 shares of Freshworks stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $11.31 per share, with a total value of $1,991,691.00. Following the completion of the acquisition, the chief executive officer directly owned 2,111,517 shares of the company’s stock, valued at $23,881,257.27. This represents a 9.10% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 22,267 shares of company stock valued at $282,301. 11.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Freshworks

A number of large investors have recently made changes to their positions in FRSH. Truist Financial Corp purchased a new stake in Freshworks in the fourth quarter valued at approximately $135,000. State of New Jersey Common Pension Fund D increased its stake in Freshworks by 12.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 181,554 shares of the company’s stock worth $2,224,000 after purchasing an additional 20,413 shares during the period. Comerica Bank increased its stake in Freshworks by 52.1% during the 4th quarter. Comerica Bank now owns 109,024 shares of the company’s stock worth $1,336,000 after buying an additional 37,355 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Freshworks by 17.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 29,085 shares of the company’s stock worth $356,000 after buying an additional 4,220 shares during the period. Finally, Quent Capital LLC acquired a new stake in Freshworks during the 4th quarter worth $349,000. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

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.