Shares of Freshworks Inc. (NASDAQ:FRSH – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $11.89, but opened at $12.49. Freshworks shares last traded at $12.2650, with a volume of 451,317 shares trading hands.
Wall Street Analyst Weigh In
Several analysts recently issued reports on FRSH shares. Cantor Fitzgerald increased their price target on Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen raised Freshworks from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. KeyCorp assumed coverage on Freshworks in a research note on Monday. They set an “overweight” rating and a $18.00 price objective on the stock. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Freshworks from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Freshworks presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.46.
Read Our Latest Analysis on FRSH
Freshworks Stock Up 3.9%
Freshworks (NASDAQ:FRSH – Get Free Report) last issued its quarterly earnings results 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 5.52% and a net margin of 20.49%.The firm had revenue of $237.38 million during the quarter, compared to the consensus estimate of $233.62 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. Freshworks’s revenue for the quarter was up 16.0% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. Analysts predict that Freshworks Inc. will post 0.04 earnings per share for the current year.
Insider Activity
In related news, Director Barry L. Padgett sold 6,618 shares of Freshworks stock in a transaction on 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible 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 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 in the company, valued at $654,306.12. This represents a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 80,003 shares of company stock worth $969,494. 8.54% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Freshworks
Several hedge funds and other institutional investors have recently modified their holdings of FRSH. IFP Advisors Inc lifted its position in shares of Freshworks by 954.9% during the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after purchasing an additional 1,948 shares during the last quarter. Summit Securities Group LLC bought a new stake in Freshworks in the fourth quarter valued at about $26,000. Nykredit A S bought a new stake in Freshworks in the second quarter valued at about $28,000. Cullen Frost Bankers Inc. acquired a new stake in Freshworks during the fourth quarter valued at approximately $36,000. Finally, Allworth Financial LP raised its stake in Freshworks by 479.9% during the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock valued at $39,000 after buying an additional 2,649 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.
About Freshworks
Freshworks Inc (NASDAQ: FRSH) develops cloud-based software designed to help businesses manage customer and employee experiences. Its platform is intended for organizations of various sizes and combines tools for customer support, IT service management, sales, marketing and other business functions.
The company’s product portfolio includes Freshdesk for customer service and support, Freshservice for IT and employee service management, Freshsales for customer relationship management, and Freshmarketer for marketing automation and optimization.
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