Freshworks (NASDAQ:FRSH) Upgraded to “Buy” at Wall Street Zen

Freshworks (NASDAQ:FRSH) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts have also recently commented on the company. Canaccord Genuity Group set a $14.00 price objective on Freshworks in a research report on Wednesday, February 11th. Oppenheimer lowered shares of Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Freshworks from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Freshworks in a report on Wednesday, February 11th. Finally, BTIG Research started coverage on shares of Freshworks in a research report on Tuesday, December 16th. They issued a “neutral” rating for the company. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Freshworks presently has a consensus rating of “Hold” and an average target price of $12.92.

Freshworks Stock Performance

FRSH stock opened at $8.03 on Friday. The stock’s 50 day moving average price is $9.08 and its 200 day moving average price is $11.02. The firm has a market cap of $2.26 billion, a P/E ratio of 12.55 and a beta of 0.93. Freshworks has a 1 year low of $6.79 and a 1 year high of $16.48.

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

Insider Buying and Selling at Freshworks

In other news, insider Mika Yamamoto sold 32,577 shares of Freshworks stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total value of $275,275.65. Following the transaction, the insider directly owned 1,127,723 shares of the company’s stock, valued at $9,529,259.35. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Freshworks

Several large investors have recently made changes to their positions in the business. Balyasny Asset Management L.P. acquired a new position in shares of Freshworks during the 4th quarter valued at $31,967,000. Norges Bank acquired a new position in shares of Freshworks during the fourth quarter worth about $31,873,000. Eminence Capital LP boosted its position in shares of Freshworks by 39.4% in the second quarter. Eminence Capital LP now owns 7,334,601 shares of the company’s stock worth $109,359,000 after buying an additional 2,074,641 shares during the period. Jupiter Asset Management Ltd. grew its stake in shares of Freshworks by 1,528.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock valued at $20,933,000 after buying an additional 1,603,887 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Freshworks by 132.6% in 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 in the last quarter. Institutional investors and hedge funds 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.