Freshworks (FRSH) Expected to Announce Earnings on Tuesday

Freshworks (NASDAQ:FRSH) is anticipated to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $189,440.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Freshworks Price Performance

FRSH opened at $17.99 on Tuesday. Freshworks has a one year low of $10.81 and a one year high of $23.30. The business has a 50 day simple moving average of $16.37 and a two-hundred day simple moving average of $13.64. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of -52.91 and a beta of 0.88.

Wall Street Analysts Forecast Growth

FRSH has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on Freshworks from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Wells Fargo & Company lowered shares of Freshworks from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $16.00 to $13.00 in a report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Freshworks in a research note on Wednesday, January 15th. Piper Sandler increased their price target on shares of Freshworks from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, Oppenheimer upgraded shares of Freshworks from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.07.

Insider Transactions at Freshworks

In other news, Director Barry L. Padgett sold 2,345 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.30, for a total value of $40,568.50. Following the transaction, the director now directly owns 26,957 shares of the company’s stock, valued at approximately $466,356.10. This trade represents a 8.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Zachary Nelson sold 8,433 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $12.19, for a total transaction of $102,798.27. Following the sale, the director now directly owns 23,497 shares of the company’s stock, valued at approximately $286,428.43. This represents a 26.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,723,563 shares of company stock valued at $27,106,218 in the last three months. 19.15% of the stock is currently owned by company 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.