Freshworks (NASDAQ:FRSH) Posts Earnings Results, Misses Expectations By $0.10 EPS

Freshworks (NASDAQ:FRSH) posted its earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10), Zacks reports. Freshworks had a negative return on equity of 8.57% and a negative net margin of 14.80%. Freshworks updated its FY 2025 guidance to 0.520-0.540 EPS and its Q1 2025 guidance to 0.120-0.140 EPS.

Freshworks Trading Down 0.3 %

Shares of FRSH opened at $17.80 on Thursday. Freshworks has a 12 month low of $10.81 and a 12 month high of $21.61. The stock has a fifty day moving average price of $16.97 and a 200-day moving average price of $14.08.

Insider Activity

In related news, Director Jennifer H. Taylor sold 4,690 shares of the firm’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 owns 36,689 shares in the company, valued at $614,173.86. This trade represents a 11.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barry L. Padgett sold 2,345 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.30, for a total value of $40,568.50. Following the completion of the transaction, the director now owns 26,957 shares of the company’s stock, valued at $466,356.10. This trade represents a 8.00 % 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. Insiders own 19.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FRSH shares. Needham & Company LLC upped their price objective on Freshworks from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday. Cantor Fitzgerald upped their price objective on Freshworks from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday. Barclays upped their price objective on Freshworks from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday. Oppenheimer upped their target price on Freshworks from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Morgan Stanley upped their target price on Freshworks from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.07.

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.