Freshworks (NASDAQ:FRSH – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.610-0.630 for the period, compared to the consensus EPS estimate of 0.440. The company issued revenue guidance of $958.0 million-$964.0 million, compared to the consensus revenue estimate of $955.7 million. Freshworks also updated its Q2 2026 guidance to 0.130-0.130 EPS.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Zacks Research lowered shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Oppenheimer cut shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Wells Fargo & Company reduced 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. Robert W. Baird set a $10.00 price target on shares of Freshworks in a research report on Wednesday, February 11th. Finally, Citizens Jmp reduced their price target on shares of Freshworks from $27.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.45.
Read Our Latest Research Report on FRSH
Freshworks Price Performance
Freshworks (NASDAQ:FRSH – Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Freshworks had a net margin of 21.90% and a return on equity of 4.69%. The business had revenue of $222.74 million during the quarter, compared to analyst estimates of $218.76 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. As a group, sell-side analysts forecast that Freshworks will post -0.1 earnings per share for the current year.
Insiders Place Their Bets
In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the sale, the insider owned 1,127,723 shares in the company, valued at $9,529,259.35. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.54% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Freshworks
Several hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Freshworks by 9.2% during the fourth quarter. Wellington Management Group LLP now owns 5,359,784 shares of the company’s stock valued at $65,657,000 after acquiring an additional 453,627 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Freshworks by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,126,112 shares of the company’s stock valued at $62,805,000 after acquiring an additional 95,720 shares during the period. State Street Corp boosted its holdings in shares of Freshworks by 1.2% during the fourth quarter. State Street Corp now owns 4,904,684 shares of the company’s stock valued at $60,082,000 after acquiring an additional 56,935 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Freshworks by 11.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,748,985 shares of the company’s stock valued at $58,175,000 after acquiring an additional 478,473 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Freshworks by 8.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,316,920 shares of the company’s stock valued at $39,052,000 after acquiring an additional 260,078 shares during the period. Institutional investors and hedge funds own 75.58% of the company’s stock.
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.
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