Cantor Fitzgerald Predicts Freshworks FY2025 Earnings

Freshworks Inc. (NASDAQ:FRSH) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for Freshworks in a research note issued on Tuesday, June 3rd. Cantor Fitzgerald analyst M. Vanvliet expects that the company will post earnings per share of ($0.16) for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $20.00 target price on the stock. The consensus estimate for Freshworks’ current full-year earnings is ($0.19) per share.

Other analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price target on Freshworks from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Freshworks in a research report on Monday, March 17th. Canaccord Genuity Group lifted their price objective on Freshworks from $19.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Piper Sandler reissued an “overweight” rating and set a $22.00 target price (up from $20.00) on shares of Freshworks in a report on Wednesday, April 30th. Finally, UBS Group lowered their price objective on shares of Freshworks from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.07.

Freshworks Stock Performance

Freshworks stock opened at $15.61 on Thursday. Freshworks has a 52 week low of $10.81 and a 52 week high of $19.77. The stock has a 50-day simple moving average of $14.06 and a 200 day simple moving average of $15.69. The stock has a market capitalization of $4.61 billion, a P/E ratio of -48.78 and a beta of 0.97.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. Freshworks had a negative return on equity of 6.63% and a negative net margin of 13.24%. The firm had revenue of $196.27 million during the quarter, compared to analysts’ expectations of $191.90 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 18.9% compared to the same quarter last year.

Insider Transactions at Freshworks

In related news, insider Mika Yamamoto sold 3,574 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $14.20, for a total transaction of $50,750.80. Following the transaction, the insider now directly owns 611,604 shares of the company’s stock, valued at approximately $8,684,776.80. This represents a 0.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Zachary Nelson sold 8,433 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $14.69, for a total transaction of $123,880.77. Following the completion of the transaction, the director now directly owns 24,890 shares in the company, valued at $365,634.10. This trade represents a 25.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,483 shares of company stock valued at $480,056 in the last quarter. 11.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Freshworks

A number of hedge funds have recently bought and sold shares of the company. Xponance Inc. lifted its position in shares of Freshworks by 5.1% during the 1st quarter. Xponance Inc. now owns 15,605 shares of the company’s stock worth $220,000 after buying an additional 758 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Freshworks by 32.2% during the 4th quarter. Blue Trust Inc. now owns 3,918 shares of the company’s stock worth $63,000 after purchasing an additional 954 shares during the period. Versor Investments LP boosted its holdings in shares of Freshworks by 3.0% in the 4th quarter. Versor Investments LP now owns 34,400 shares of the company’s stock worth $556,000 after buying an additional 1,000 shares during the last quarter. Amundi increased its holdings in Freshworks by 1.3% during the first quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after buying an additional 1,040 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Freshworks by 30.2% during the 4th quarter. Covestor Ltd now owns 4,686 shares of the company’s stock valued at $76,000 after acquiring an additional 1,087 shares during the period. 75.58% of the stock is owned by hedge funds and other institutional investors.

Freshworks Company Profile

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.