Freshworks (NASDAQ:FRSH) Price Target Cut to $16.00 by Analysts at Morgan Stanley

by · The Cerbat Gem

Freshworks (NASDAQ:FRSH – Free Report) had its price objective lowered by Morgan Stanley from $18.00 to $16.00 in a report published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

FRSH has been the topic of a number of other research reports. Piper Sandler raised their target price on Freshworks from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Freshworks in a report on Friday. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Freshworks in a report on Friday. Wall Street Zen downgraded Freshworks from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 23rd. Finally, Cantor Fitzgerald raised Freshworks to an “overweight” rating and set a $20.00 target price on the stock in a report on Tuesday, June 3rd. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.14.

View Our Latest Stock Analysis on FRSH

Freshworks Price Performance

Shares of NASDAQ:FRSH opened at $12.45 on Friday. The company has a market capitalization of $3.63 billion, a P/E ratio of -69.16 and a beta of 0.94. Freshworks has a 1 year low of $10.81 and a 1 year high of $19.77. The business’s 50 day simple moving average is $13.57 and its 200 day simple moving average is $14.31.

Freshworks (NASDAQ:FRSH – Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $204.68 million for the quarter, compared to the consensus estimate of $198.85 million. Freshworks had a negative return on equity of 2.56% and a negative net margin of 7.02%.The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. Freshworks has set its FY 2025 guidance at 0.560-0.580 EPS. Q3 2025 guidance at 0.120-0.140 EPS. On average, sell-side analysts anticipate that Freshworks will post -0.19 EPS for the current fiscal year.

Insider Buying and Selling at Freshworks

In related news, Director Johanna Flower sold 8,000 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $14.80, for a total transaction of $118,400.00. Following the completion of the transaction, the director directly owned 48,094 shares of the company’s stock, valued at $711,791.20. This trade represents a 14.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Zachary Nelson sold 8,433 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $13.14, for a total value of $110,809.62. Following the transaction, the director directly owned 38,870 shares of the company’s stock, valued at approximately $510,751.80. This represents a 17.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,181 shares of company stock worth $1,107,538 over the last 90 days. Company insiders own 11.17% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FRSH. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Freshworks during the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC raised its position in Freshworks by 427.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock worth $67,000 after purchasing an additional 3,630 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Freshworks during the 1st quarter worth $70,000. DekaBank Deutsche Girozentrale raised its position in shares of Freshworks by 91.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,899 shares of the company’s stock worth $84,000 after acquiring an additional 2,814 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Freshworks by 55.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,064 shares of the company’s stock worth $90,000 after acquiring an additional 2,155 shares in the last quarter. 75.58% of the stock is owned by institutional investors.

Freshworks Company Profile

(Get Free Report)

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.

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