Freshworks Inc. (NASDAQ:FRSH) Stock Has Average Target Price of $14.46

Shares of Freshworks Inc. (NASDAQ:FRSH – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.46.

A number of research analysts have recently weighed in on FRSH shares. Cantor Fitzgerald increased their price objective on Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. UBS Group lifted their price objective on shares of Freshworks from $11.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings raised Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 29th. Piper Sandler raised their price target on shares of Freshworks from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, KeyCorp started coverage on Freshworks in a report on Monday, September 14th. They issued an “overweight” rating and a $18.00 price objective on the stock.

Get Our Latest Report on FRSH

Insider Activity

In related news, CAO Philippa Lawrence sold 3,492 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $12.98, for a total value of $45,326.16. Following the completion of the sale, the chief accounting officer owned 379,639 shares of the company’s stock, valued at approximately $4,927,714.22. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. 8.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Freshworks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRSH. Renaissance Technologies LLC grew its holdings in Freshworks by 79.1% in the 1st quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock valued at $36,745,000 after buying an additional 2,021,412 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Freshworks by 9.7% during the 2nd quarter. Wellington Management Group LLP now owns 4,000,543 shares of the company’s stock worth $40,485,000 after acquiring an additional 353,714 shares during the period. Norges Bank purchased a new position in Freshworks during the fourth quarter worth about $31,873,000. Bank of America Corp DE lifted its holdings in Freshworks by 1.4% in the first quarter. Bank of America Corp DE now owns 2,128,268 shares of the company’s stock valued at $17,090,000 after acquiring an additional 30,395 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Freshworks by 403.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock valued at $11,596,000 after purchasing an additional 1,157,277 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Freshworks Price Performance

Shares of FRSH stock opened at $13.92 on Friday. Freshworks has a 1-year low of $6.79 and a 1-year high of $14.37. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 9.28 and a beta of 0.90. The stock’s fifty day moving average price is $12.71 and its 200 day moving average price is $10.47.

Freshworks (NASDAQ:FRSH – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The firm had revenue of $237.38 million for the quarter, compared to the consensus estimate of $233.62 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. As a group, equities research analysts anticipate that Freshworks will post 0.05 earnings per share for the current year.

Freshworks Company Profile

(Get Free Report)

Freshworks Inc (NASDAQ:FRSH) develops cloud-based software designed to help businesses manage customer and employee experiences. Its products are intended for organizations of various sizes and emphasize ease of use, rapid deployment and integration with other business applications.

The company’s product portfolio includes Freshdesk for customer support and service management, Freshservice for IT service management, Freshsales for customer relationship management, Freshchat for messaging and conversational engagement, and Freshmarketer for marketing automation and optimization.

Further Reading

Analyst Recommendations for Freshworks (NASDAQ:FRSH)

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