Freshworks (NASDAQ:FRSH) Releases Earnings Results

Freshworks (NASDAQ:FRSH) released its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10), Zacks reports. Freshworks had a negative net margin of 14.80% and a negative return on equity of 8.57%. Freshworks updated its FY 2025 guidance to 0.520-0.540 EPS and its Q1 2025 guidance to 0.120-0.140 EPS.

Freshworks Price Performance

NASDAQ FRSH opened at $17.80 on Thursday. Freshworks has a 52-week low of $10.81 and a 52-week high of $21.61. The business’s 50-day moving average price is $16.97 and its 200 day moving average price is $14.08.

Analyst Ratings Changes

FRSH has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on Freshworks from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Oppenheimer lifted their price objective on Freshworks from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays raised their target price on shares of Freshworks from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Cantor Fitzgerald raised their target price on shares of Freshworks from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Freshworks from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Freshworks presently has an average rating of “Moderate Buy” and an average price target of $21.07.

Insider Buying and Selling

In related news, Director Zachary Nelson sold 8,442 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $18.30, for a total transaction of $154,488.60. Following the transaction, the director now owns 24,187 shares of the company’s stock, valued at $442,622.10. This trade represents a 25.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Rathnagirish Mathrubootham sold 835,000 shares of Freshworks stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $16.08, for a total value of $13,426,800.00. Following the completion of the sale, the chairman now directly owns 551,137 shares in the company, valued at $8,862,282.96. This represents a 60.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,727,211 shares of company stock valued at $27,224,746 over the last quarter. 19.15% of the stock is currently owned by insiders.

About Freshworks

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.