Freshworks (NASDAQ:FRSH) Price Target Cut to $18.00 by Analysts at Oppenheimer

Freshworks (NASDAQ:FRSH) had its target price lowered by Oppenheimer from $19.00 to $18.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. Oppenheimer currently has an outperform rating on the stock.

FRSH has been the topic of several other research reports. Zacks Research cut shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Canaccord Genuity Group dropped their price target on Freshworks from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. UBS Group restated a “buy” rating and set a $17.00 price target on shares of Freshworks in a report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Freshworks in a report on Wednesday, October 8th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Freshworks in a research report on Monday, December 15th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.15.

Freshworks Price Performance

FRSH stock opened at $11.78 on Thursday. Freshworks has a 1-year low of $10.51 and a 1-year high of $19.77. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of -117.79 and a beta of 0.89. The business has a 50 day simple moving average of $12.12 and a two-hundred day simple moving average of $12.48.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Freshworks had a negative net margin of 3.65% and a negative return on equity of 0.37%. The firm had revenue of $215.12 million for the quarter, compared to analysts’ expectations of $208.80 million. During the same quarter last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. Sell-side analysts anticipate that Freshworks will post -0.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Mika Yamamoto sold 15,012 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $13.00, for a total transaction of $195,156.00. Following the sale, the insider owned 490,350 shares in the company, valued at approximately $6,374,550. This represents a 2.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dennis Woodside purchased 176,100 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average price of $11.31 per share, with a total value of $1,991,691.00. Following the completion of the transaction, the chief executive officer owned 2,111,517 shares of the company’s stock, valued at $23,881,257.27. The trade was a 9.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 22,267 shares of company stock valued at $282,301 over the last quarter. Company insiders own 11.17% of the company’s stock.

Institutional Investors Weigh In On Freshworks

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Eminence Capital LP grew its holdings in Freshworks by 39.4% during the 2nd quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock valued at $109,359,000 after purchasing an additional 2,074,641 shares during the last quarter. Norges Bank bought a new stake in Freshworks in the second quarter worth about $25,113,000. Qube Research & Technologies Ltd boosted its position in shares of Freshworks by 132.6% during the third quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock valued at $32,840,000 after buying an additional 1,590,384 shares during the period. Squarepoint Ops LLC grew its stake in shares of Freshworks by 345.1% during the second quarter. Squarepoint Ops LLC now owns 1,835,798 shares of the company’s stock valued at $27,372,000 after buying an additional 1,423,391 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Freshworks in the third quarter worth approximately $15,656,000. Hedge funds and other institutional investors own 75.58% of the company’s stock.

About Freshworks

Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company’s integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks’ platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.

The company’s flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.