Freshworks Inc. (NASDAQ:FRSH – Get Free Report) rose 5.8% during trading on Tuesday . The company traded as high as $10.69 and last traded at $10.7550. Approximately 5,571,282 shares traded hands during trading, a decline of 48% from the average session volume of 10,623,600 shares. The stock had previously closed at $10.17.
Analyst Upgrades and Downgrades
FRSH has been the subject of several research reports. Zacks Research raised shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Oppenheimer downgraded shares of Freshworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 19th. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley cut their price target on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Citigroup reissued a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Freshworks has a consensus rating of “Hold” and a consensus target price of $12.18.
Get Our Latest Analysis on FRSH
Freshworks Stock Performance
Freshworks (NASDAQ:FRSH – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.63 million. During the same period last year, the firm earned $0.18 earnings per share. Freshworks’s revenue was up 16.5% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, analysts expect that Freshworks Inc. will post -0.02 EPS for the current fiscal year.
Insider Transactions at Freshworks
In related news, Director Jennifer H. Taylor sold 6,618 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the transaction, the director directly owned 62,673 shares in the company, valued at $654,306.12. The trade was a 9.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 3,470 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $10.13, for a total value of $35,151.10. Following the transaction, the chief accounting officer directly owned 456,144 shares in the company, valued at $4,620,738.72. This represents a 0.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 27,236 shares of company stock valued at $270,331 in the last quarter. 8.54% of the stock is currently owned by corporate insiders.
Institutional Trading of Freshworks
A number of institutional investors have recently bought and sold shares of the stock. Amundi grew its position in Freshworks by 1.3% during the 1st quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,040 shares during the last quarter. Inceptionr LLC raised its holdings in shares of Freshworks by 3.6% in the third quarter. Inceptionr LLC now owns 33,583 shares of the company’s stock worth $395,000 after buying an additional 1,174 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of Freshworks by 4.1% during the fourth quarter. Moody National Bank Trust Division now owns 46,695 shares of the company’s stock worth $572,000 after buying an additional 1,823 shares during the period. IFP Advisors Inc grew its holdings in shares of Freshworks by 954.9% during the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after buying an additional 1,948 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of Freshworks by 20.2% in the 1st quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock valued at $175,000 after acquiring an additional 2,086 shares during the period. 75.58% of the stock is currently owned by institutional investors and hedge funds.
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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