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

Freshworks (NASDAQ:FRSH) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other analysts also recently issued reports on FRSH. Jefferies Financial Group downgraded Freshworks from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $8.00 in a research report on Monday, February 23rd. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. BTIG Research started coverage on Freshworks in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. Oppenheimer lowered shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Finally, UBS Group set a $11.00 price target on Freshworks in a research report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.92.

Freshworks Stock Performance

Shares of NASDAQ:FRSH opened at $8.32 on Monday. Freshworks has a 1-year low of $6.79 and a 1-year high of $16.14. The stock has a market capitalization of $2.36 billion, a P/E ratio of 13.00 and a beta of 0.87. The business has a 50-day moving average price of $8.41 and a two-hundred day moving average price of $10.65.

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 firm had revenue of $222.74 million for 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 was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. Freshworks has set its Q1 2026 guidance at 0.100-0.120 EPS and its FY 2026 guidance at 0.550-0.570 EPS. As a group, equities analysts predict that Freshworks will post -0.19 EPS for the current year.

Insider Buying and Selling at Freshworks

In related news, insider Mika Yamamoto sold 32,577 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was 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. The trade was a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Freshworks

A number of institutional investors have recently made changes to their positions in FRSH. IFP Advisors Inc increased its stake in shares of Freshworks by 954.9% in the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after acquiring an additional 1,948 shares in the last quarter. Summit Securities Group LLC bought a new position in Freshworks during the fourth quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in Freshworks in the third quarter worth $27,000. Rothschild Investment LLC grew its holdings in Freshworks by 560.0% in the third quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock worth $27,000 after purchasing an additional 1,932 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Freshworks by 136.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after purchasing an additional 1,583 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.

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.