Freshworks (NASDAQ:FRSH) Announces Quarterly Earnings Results

Freshworks (NASDAQ:FRSH) released its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) 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 Stock Down 2.4 %

Shares of Freshworks stock opened at $17.86 on Wednesday. Freshworks has a 52-week low of $10.81 and a 52-week high of $22.14. The company has a market capitalization of $5.41 billion, a P/E ratio of -52.53 and a beta of 0.91. The company has a 50 day moving average of $16.94 and a 200 day moving average of $14.05.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JMP Securities boosted their target price on Freshworks from $21.00 to $24.00 and gave the company a “market outperform” rating in a research report on Thursday, November 7th. Needham & Company LLC boosted their price objective on Freshworks from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group raised their target price on Freshworks from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird dropped their target price on Freshworks from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Wells Fargo & Company cut shares of Freshworks from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $16.00 to $13.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.29.

Insider Buying and Selling at Freshworks

In other news, insider Mika Yamamoto sold 2,859 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $18.29, for a total transaction of $52,291.11. Following the completion of the sale, the insider now owns 397,390 shares in the company, valued at approximately $7,268,263.10. The trade was a 0.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barry L. Padgett sold 2,345 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.30, for a total transaction of $40,568.50. Following the completion of the transaction, the director now directly owns 26,957 shares in the company, valued at $466,356.10. This trade represents a 8.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,727,211 shares of company stock valued at $27,224,746. 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.