Freshworks (NASDAQ:FRSH) Upgraded at Guggenheim

Guggenheim upgraded shares of Freshworks (NASDAQ:FRSH) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley reduced their price objective on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Citigroup restated a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Freshworks presently has a consensus rating of “Hold” and a consensus price target of $13.25.

Freshworks Trading Up 5.1%

Shares of NASDAQ:FRSH opened at $10.27 on Wednesday. The stock has a market cap of $2.84 billion, a PE ratio of 16.56 and a beta of 0.88. The stock’s fifty day simple moving average is $9.77 and its two-hundred day simple moving average is $9.22. Freshworks has a 1-year low of $6.79 and a 1-year high of $14.36.

Freshworks (NASDAQ:FRSH) last posted its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $228.63 million during the quarter, compared to analyst estimates of $223.63 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. On average, sell-side analysts forecast that Freshworks will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Philippa Lawrence sold 3,470 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $10.13, for a total transaction of $35,151.10. Following the completion of the transaction, the chief accounting officer directly owned 456,144 shares of the company’s stock, valued at $4,620,738.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jennifer H. Taylor sold 6,618 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the sale, the director owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. The trade was a 9.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 27,236 shares of company stock valued at $270,331. Company insiders own 8.54% of the company’s stock.

Hedge Funds Weigh In On Freshworks

Institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc increased its position in Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after buying an additional 1,948 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Freshworks during the 4th quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new position in shares of Freshworks during the 4th quarter worth $36,000. Allworth Financial LP grew its stake in shares of Freshworks by 479.9% during the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after acquiring an additional 2,649 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in Freshworks by 164.0% in the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock worth $49,000 after acquiring an additional 3,824 shares during the last quarter. 75.58% of the stock is owned by institutional investors.

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.