Stock analysts at KeyCorp initiated coverage on shares of Freshworks (NASDAQ:FRSH – Get Free Report) in a note issued to investors on Monday, Benzinga reports. The firm set an “overweight” rating and a $18.00 price target on the stock. KeyCorp’s price target indicates a potential upside of 51.39% from the stock’s previous close.
Several other brokerages have also issued reports on FRSH. Wall Street Zen upgraded Freshworks from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup restated a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Guggenheim started coverage on shares of Freshworks in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Weiss Ratings upgraded Freshworks from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Finally, UBS Group upped their price target on Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.46.
Freshworks Stock Performance
Freshworks (NASDAQ:FRSH – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $237.38 million for the quarter, compared to analysts’ expectations of $233.62 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. 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, sell-side analysts predict that Freshworks will post 0.04 EPS for the current year.
Insider Activity at Freshworks
In related news, Director Barry L. Padgett sold 6,618 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was 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 in the company, valued at approximately $495,862.30. This represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $654,306.12. The trade was a 9.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 80,003 shares of company stock worth $969,494. Company insiders own 8.54% of the company’s stock.
Institutional Investors Weigh In On Freshworks
Institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new stake in shares of Freshworks in the 4th quarter valued at approximately $26,000. IFP Advisors Inc lifted its position in shares of Freshworks by 954.9% during the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after buying an additional 1,948 shares during the period. Nykredit A S bought a new stake in Freshworks in the second quarter valued at $28,000. Cullen Frost Bankers Inc. bought a new stake in Freshworks in the fourth quarter valued at $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 worth $39,000 after acquiring an additional 2,649 shares in the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.
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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