Freshworks FY2025 EPS Forecast Lifted by Cantor Fitzgerald

Freshworks Inc. (NASDAQ:FRSH) – Investment analysts at Cantor Fitzgerald upped their FY2025 EPS estimates for Freshworks in a research note issued to investors on Wednesday, July 30th. Cantor Fitzgerald analyst M. Vanvliet now expects that the company will post earnings per share of ($0.12) for the year, up from their previous estimate of ($0.16). 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. Cantor Fitzgerald also issued estimates for Freshworks’ FY2026 earnings at ($0.03) EPS.

Several other research firms have also recently commented on FRSH. Wall Street Zen upgraded shares of Freshworks from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 29th. Morgan Stanley lifted their price target on Freshworks from $14.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. UBS Group decreased their price objective on Freshworks from $22.00 to $19.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Oppenheimer lowered their target price on shares of Freshworks from $24.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Piper Sandler set a $25.00 target price on shares of Freshworks and gave the company an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Freshworks has a consensus rating of “Moderate Buy” and an average price target of $20.29.

Freshworks Price Performance

Shares of NASDAQ FRSH opened at $12.68 on Friday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of -70.44 and a beta of 0.95. The stock’s 50-day moving average is $14.79 and its two-hundred day moving average is $15.29. Freshworks has a 1-year low of $10.81 and a 1-year high of $19.77.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $204.68 million during the quarter, compared to the consensus estimate of $198.85 million. Freshworks had a negative net margin of 7.02% and a negative return on equity of 2.56%. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share.

Insider Transactions at Freshworks

In other Freshworks news, Director Johanna Flower sold 8,000 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $14.80, for a total value of $118,400.00. Following the completion of the transaction, the director directly owned 48,094 shares of the company’s stock, valued at approximately $711,791.20. This trade represents a 14.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barry L. Padgett sold 7,558 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $15.14, for a total value of $114,428.12. Following the completion of the transaction, the director directly owned 32,635 shares of the company’s stock, valued at $494,093.90. The trade was a 18.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,642 shares of company stock valued at $3,095,380 over the last 90 days. Insiders own 11.17% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. raised its stake in Freshworks by 191.4% in the 4th quarter. Sei Investments Co. now owns 46,469 shares of the company’s stock valued at $751,000 after purchasing an additional 30,524 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Freshworks during the fourth quarter worth approximately $584,000. LPL Financial LLC purchased a new position in shares of Freshworks in the 4th quarter worth $703,000. Vanguard Group Inc. raised its holdings in shares of Freshworks by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 25,063,879 shares of the company’s stock worth $405,283,000 after purchasing an additional 1,357,526 shares during the period. Finally, Norges Bank acquired a new position in Freshworks during the fourth quarter valued at approximately $57,527,000. Institutional investors and hedge funds own 75.58% of the company’s stock.

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.