Freshworks (NASDAQ:FRSH) Updates FY 2025 Earnings Guidance

Freshworks (NASDAQ:FRSH) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 0.520-0.540 for the period, compared to the consensus EPS 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.

Freshworks Trading Down 0.6 %

NASDAQ:FRSH traded down $0.10 during midday trading on Wednesday, hitting $17.76. 3,049,347 shares of the company traded hands, compared to its average volume of 3,937,527. The firm has a market capitalization of $5.38 billion, a P/E ratio of -51.99 and a beta of 0.91. The firm’s fifty day moving average is $16.94 and its 200-day moving average is $14.05. Freshworks has a 12-month low of $10.81 and a 12-month high of $21.61.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FRSH. Barclays boosted their target price on Freshworks from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday. Cantor Fitzgerald boosted their price objective on Freshworks from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley increased their target price on Freshworks from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Needham & Company LLC boosted their target price on shares of Freshworks from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Freshworks from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One 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. Based on data from MarketBeat, Freshworks currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.86.

Insider Activity

In other news, Director Jennifer H. Taylor sold 4,690 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $16.74, for a total value of $78,510.60. Following the completion of the transaction, the director now directly owns 36,689 shares of the company’s stock, valued at approximately $614,173.86. The trade was a 11.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Zachary Nelson sold 8,433 shares of Freshworks stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $15.85, for a total value of $133,663.05. Following the completion of the transaction, the director now owns 24,187 shares in the company, valued at $383,363.95. This trade represents a 25.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,727,211 shares of company stock worth $27,224,746. 19.15% of the stock is currently owned by corporate insiders.

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.