Freshworks Inc. (NASDAQ:FRSH – Free Report) – Stock analysts at KeyCorp lowered their FY2026 EPS estimates for shares of Freshworks in a report issued on Tuesday, November 3rd. KeyCorp analyst J. Ader now forecasts that the company will post earnings per share of $0.09 for the year, down from their prior estimate of $0.10. KeyCorp currently has an “Overweight” rating and a $18.00 target price on the stock. The consensus estimate for Freshworks’ current full-year earnings is $0.06 per share. KeyCorp also issued estimates for Freshworks’ Q4 2026 earnings at $0.03 EPS and FY2027 earnings at $0.11 EPS.
Several other equities analysts also recently commented on the company. Wolfe Research downgraded Freshworks from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, November 4th. Weiss Ratings raised Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 29th. Robert W. Baird set a $13.00 price target on Freshworks in a report on Wednesday, August 5th. UBS Group boosted their price target on Freshworks from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Freshworks in a report on Thursday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.92.
Check Out Our Latest Stock Analysis on Freshworks
Freshworks Stock Down 1.1%
Shares of FRSH stock opened at $11.88 on Wednesday. Freshworks has a 12-month low of $6.79 and a 12-month high of $15.51. The company has a market capitalization of $3.10 billion, a PE ratio of 42.89, a price-to-earnings-growth ratio of 6.32 and a beta of 0.80. The firm has a 50 day moving average price of $13.37 and a two-hundred day moving average price of $10.51.
Freshworks (NASDAQ:FRSH – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $245.43 million for the quarter, compared to analyst estimates of $245.06 million. Freshworks had a net margin of 22.28% and a return on equity of 8.01%. Freshworks’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 EPS.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in FRSH. Wellington Management Group LLP raised its position in shares of Freshworks by 9.7% in the second quarter. Wellington Management Group LLP now owns 4,000,543 shares of the company’s stock valued at $40,485,000 after buying an additional 353,714 shares in the last quarter. Renaissance Technologies LLC grew its position in Freshworks by 79.1% during the first quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock worth $36,745,000 after buying an additional 2,021,412 shares in the last quarter. Bank of America Corp DE grew its position in Freshworks by 1.4% during the first quarter. Bank of America Corp DE now owns 2,128,268 shares of the company’s stock worth $17,090,000 after buying an additional 30,395 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Freshworks by 403.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock worth $11,596,000 after acquiring an additional 1,157,277 shares during the period. Finally, Walleye Capital LLC increased its stake in Freshworks by 2,480.8% during the 1st quarter. Walleye Capital LLC now owns 1,247,655 shares of the company’s stock worth $10,019,000 after acquiring an additional 1,199,311 shares during the period. Institutional investors and hedge funds own 75.58% of the company’s stock.
Insiders Place Their Bets
In other Freshworks news, CAO Philippa Lawrence sold 3,492 shares of Freshworks stock in a transaction dated Monday, October 5th. The shares were 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 in the company, valued at $4,927,714.22. The trade was a 0.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.
About Freshworks
Freshworks Inc. develops cloud-based software designed to help businesses manage customer and employee experiences. Its products support customer service, sales, marketing and IT service management, with tools for handling support requests, communicating with customers and managing internal service workflows. The company’s offerings include Freshdesk for customer support, Freshservice for IT and employee service management, and Freshsales for sales teams. Freshworks also provides customer messaging and marketing products, along with artificial intelligence features that assist with service and support tasks.
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