Freshworks (NASDAQ:FRSH) Updates FY 2025 Earnings Guidance

Freshworks (NASDAQ:FRSH) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.520-0.540 for the period, compared to the consensus estimate of 0.520. The company issued revenue guidance of $809.0 million-$821.0 million, compared to the consensus revenue estimate of $813.5 million. Freshworks also updated its Q1 2025 guidance to 0.120-0.140 EPS.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FRSH. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Freshworks in a report on Wednesday, January 15th. Piper Sandler upped their price objective on shares of Freshworks from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Robert W. Baird dropped their price target on shares of Freshworks from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Freshworks from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company lowered Freshworks from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $16.00 to $13.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Freshworks presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.07.

Freshworks Stock Down 2.4 %

FRSH traded down $0.44 on Tuesday, hitting $17.86. The company had a trading volume of 6,759,069 shares, compared to its average volume of 3,999,027. The business’s fifty day simple moving average is $16.90 and its 200 day simple moving average is $14.02. Freshworks has a 12-month low of $10.81 and a 12-month high of $22.14. The company has a market cap of $5.41 billion, a PE ratio of -52.53 and a beta of 0.91.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). Freshworks had a negative return on equity of 8.57% and a negative net margin of 14.80%. On average, analysts anticipate that Freshworks will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jennifer H. Taylor sold 4,690 shares of Freshworks stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $16.74, for a total value of $78,510.60. Following the transaction, the director now owns 36,689 shares of the company’s stock, valued at $614,173.86. The trade was a 11.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Rathnagirish Mathrubootham sold 830,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $15.33, for a total transaction of $12,723,900.00. Following the transaction, the chairman now owns 551,137 shares of the company’s stock, valued at approximately $8,448,930.21. This trade represents a 60.10 % 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 worth $27,224,746 in the last three months. Corporate insiders own 19.15% of the company’s stock.

Freshworks Company Profile

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.