Freshworks (NASDAQ:FRSH) Downgraded by Oppenheimer to Market Perform

Oppenheimer downgraded shares of Freshworks (NASDAQ:FRSH) from an outperform rating to a market perform rating in a report issued on Thursday, MarketBeat reports.

Several other research firms also recently issued reports on FRSH. Jefferies Financial Group downgraded shares of Freshworks from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.00 to $8.00 in a research note on Monday, February 23rd. Canaccord Genuity Group set a $14.00 target price on shares of Freshworks in a research note on Wednesday, February 11th. UBS Group set a $11.00 target price on shares of Freshworks in a report on Wednesday, February 11th. Citigroup reaffirmed an “outperform” rating on shares of Freshworks in a research report on Wednesday, February 11th. Finally, Piper Sandler lowered their price target on Freshworks from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Freshworks has a consensus rating of “Hold” and a consensus target price of $12.92.

Freshworks Price Performance

Freshworks stock opened at $8.10 on Thursday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 12.66 and a beta of 0.93. Freshworks has a 12 month low of $6.79 and a 12 month high of $16.48. The stock’s 50-day moving average is $9.17 and its 200-day moving average is $11.05.

Freshworks (NASDAQ:FRSH) last issued its earnings results on Tuesday, February 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $222.74 million during the quarter, compared to analysts’ expectations of $218.76 million. Freshworks had a return on equity of 4.69% and a net margin of 21.90%.The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. Research analysts anticipate that Freshworks will post -0.19 EPS for the current year.

Insider Transactions at Freshworks

In other news, insider Mika Yamamoto sold 32,577 shares of Freshworks stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $8.45, for a total transaction of $275,275.65. Following the sale, the insider owned 1,127,723 shares in the company, valued at $9,529,259.35. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Freshworks

A number of large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in Freshworks by 34.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 110,654 shares of the company’s stock valued at $1,650,000 after buying an additional 28,152 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Freshworks by 1.6% during the second quarter. Geode Capital Management LLC now owns 4,856,163 shares of the company’s stock worth $72,414,000 after acquiring an additional 75,688 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Freshworks in the third quarter worth about $5,083,000. Clark Capital Management Group Inc. lifted its stake in shares of Freshworks by 82.3% in the third quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock worth $8,788,000 after acquiring an additional 337,138 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in Freshworks by 744.6% in the second quarter. Edgestream Partners L.P. now owns 367,873 shares of the company’s stock valued at $5,485,000 after purchasing an additional 324,319 shares during the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

Freshworks Company Profile

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.