Analysts’ Recent Ratings Changes for Freshworks (FRSH)

Several analysts have recently updated their ratings and price targets for Freshworks (NASDAQ: FRSH):

• 1/21/2025 – Freshworks was downgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating. They now have a $13.00 price target on the stock, down previously from $16.00.
• 1/16/2025 – Freshworks was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $22.00 price target on the stock.
• 1/15/2025 – Freshworks had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $20.00 price target on the stock.
• 1/13/2025 – Freshworks had its price target raised by analysts at Morgan Stanley from $18.00 to $19.00. They now have an “equal weight” rating on the stock.
• 1/7/2025 – Freshworks had its price target raised by analysts at Wells Fargo & Company from $14.00 to $16.00. They now have an “equal weight” rating on the stock.
• 1/6/2025 – Freshworks had its price target raised by analysts at Piper Sandler from $18.00 to $20.00. They now have an “overweight” rating on the stock.
• 12/17/2024 – Freshworks had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $20.00 price target on the stock.

Freshworks Stock Up 4.5 %

FRSH opened at $18.04 on Friday. The firm has a market cap of $5.46 billion, a PE ratio of -53.06 and a beta of 0.88. The business has a fifty day simple moving average of $16.23 and a 200-day simple moving average of $13.51. Freshworks Inc. has a fifty-two week low of $10.81 and a fifty-two week high of $23.30.

Insider Activity

In other Freshworks news, 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jennifer H. Taylor sold 4,690 shares of Freshworks stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $16.74, for a total transaction of $78,510.60. Following the completion of the transaction, the director now directly owns 36,689 shares in the company, valued at approximately $614,173.86. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,702,163 shares of company stock valued at $26,721,018 over the last three months. Insiders own 19.15% of the company’s stock.

Institutional Trading of Freshworks

Several large investors have recently added to or reduced their stakes in FRSH. Dimensional Fund Advisors LP raised its position in Freshworks by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,428,755 shares of the company’s stock valued at $30,821,000 after buying an additional 239,671 shares during the period. Amalgamated Bank grew its stake in Freshworks by 29.1% during the 2nd quarter. Amalgamated Bank now owns 7,054 shares of the company’s stock valued at $90,000 after acquiring an additional 1,588 shares in the last quarter. Sei Investments Co. grew its stake in Freshworks by 191.9% during the 2nd quarter. Sei Investments Co. now owns 95,846 shares of the company’s stock valued at $1,216,000 after acquiring an additional 63,006 shares in the last quarter. Xponance Inc. acquired a new position in shares of Freshworks in the 2nd quarter valued at about $164,000. Finally, Marshall Wace LLP purchased a new stake in shares of Freshworks in the second quarter worth approximately $1,740,000. 75.58% of the stock is owned by institutional investors and hedge funds.

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.