Should I buy or sell Freshworks stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freshworks in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FRSH shares. View FRSH analyst ratings or view top-rated stocks .

What is Freshworks' stock price target for 2024?

17 Wall Street research analysts have issued twelve-month price targets for Freshworks' shares. Their FRSH share price targets range from $15.00 to $30.00. On average, they predict the company's share price to reach $22.59 in the next twelve months. This suggests a possible upside of 63.4% from the stock's current price. View analysts price targets for FRSH or view top-rated stocks among Wall Street analysts .

How have FRSH shares performed in 2024?

Freshworks' stock was trading at $23.49 at the start of the year. Since then, FRSH shares have decreased by 41.2% and is now trading at $13.82. View the best growth stocks for 2024 here .

Are investors shorting Freshworks?

Freshworks saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 11,710,000 shares, an increase of 10.6% from the March 15th total of 10,590,000 shares. Based on an average daily volume of 2,570,000 shares, the days-to-cover ratio is presently 4.6 days. Currently, 6.9% of the shares of the company are sold short. View Freshworks' Short Interest .

When is Freshworks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024. View our FRSH earnings forecast .

What ETFs hold Freshworks' stock?

ETFs with the largest weight of Freshworks (NASDAQ:FRSH) stock in their portfolio include India Internet & Ecommerce ETF (INQQ) , Global X Cloud Computing ETF (CLOU) , WisdomTree Cloud Computing Fund (WCLD) , FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) , Renaissance IPO ETF (IPO) , SPDR S&P Software & Services ETF (XSW) , Direxion Daily Cloud Computing Bull 2x (CLDL) and Emerging Markets Internet & Ecommerce ETF (EMQQ) .

What guidance has Freshworks issued on next quarter's earnings?

Freshworks updated its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of 0.320-0.350 for the period, compared to the consensus EPS estimate of 0.300. The company issued revenue guidance of $695.0 million-$705.0 million, compared to the consensus revenue estimate of $708.4 million.

What other stocks do shareholders of Freshworks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Freshworks investors own include Lumentum (LITE) , Masco (MAS) , Qorvo (QRVO) , Esperion Therapeutics (ESPR) , CVR Refining (CVRR) , Walt Disney (DIS) , Howard Hughes (HHC) , Kinder Morgan (KMI) , Tesla (TSLA) and Boeing (BA) .

When did Freshworks IPO?

Freshworks (FRSH) raised $855 million in an IPO on Wednesday, September 22nd 2021. The company issued 28,500,000 shares at $28.00-$32.00 per share.

Who are Freshworks' major shareholders?

Freshworks' stock is owned by many different institutional and retail investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (0.46%), Swiss National Bank (0.11%), Quantbot Technologies LP (0.08%), Russell Investments Group Ltd. (0.04%), Renaissance Capital LLC (0.04%) and US Bancorp DE (0.03%). Insiders that own company stock include Barry L Padgett , Capitalg 2014 Lp, Jennifer H Taylor , Johanna Flower , Jose Morales , Leaders 3 Gp Associates Accel, Pradeep Rathinam , Randy Gottfried , Rathnagirish Mathrubootham , Roxanne S Austin , Sameer K Gandhi , Sequoia Capital India V Ltd, Srinivasagopalan Ramamurthy , Stacey Epstein , Tyler Sloat , Westbridge Crossover Fund, Llc and Zachary Nelson . View institutional ownership trends .

How do I buy shares of Freshworks?

Shares of FRSH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:FRSH

Freshworks (FRSH) Stock Price, News & Analysis

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$13.82

-0.44 (-3.09%)

(As of 04:00 PM ET)

Compare

Today's Range: $13.78
▼
$14.11
50-Day Range: $14.03
▼
$20.44
52-Week Range: $13.01
▼
$24.98

Volume: 2.33 million shs
Average Volume: 2.83 million shs
Market Capitalization: $4.12 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $22.59

Get Freshworks alerts:

Freshworks MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.59 Rating Score
Upside/Downside: 63.4% Upside
$22.59 Price Target
Short Interest: Bearish
7.23% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.07
Based on 52 Articles This Week
Insider Trading: Selling Shares
$9.41 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.37) to ($0.24) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.15 out of 5 stars

Computer And Technology Sector

270th out of 592 stocks

Prepackaged Software Industry

92nd out of 201 stocks

4.3

Analyst's Opinion

Consensus Rating
Freshworks has received a consensus rating of Moderate Buy. The company's average rating score is 2.59, and is based on 10 buy ratings, 7 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Freshworks has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Freshworks' stock forecast and price target.

1.0

Short Interest

Percentage of Shares Shorted
7.23% of the float of Freshworks has been sold short.
Short Interest Ratio / Days to Cover
Freshworks has a short interest ratio ("days to cover") of 4.8.
Change versus previous month
Short interest in Freshworks has recently increased by 4.70%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Freshworks does not currently pay a dividend.
Dividend Growth
Freshworks does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FRSH.

2.8

News and Social Media Coverage

News Sentiment
Freshworks has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 52 news articles for Freshworks this week, compared to 6 articles on an average week.
Search Interest
6 people have searched for FRSH on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
6 people have added Freshworks to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Freshworks insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,408,403.00 in company stock.
Percentage Held by Insiders
19.15% of the stock of Freshworks is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
75.58% of the stock of Freshworks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Freshworks' insider trading history.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Freshworks are expected to grow in the coming year, from ($0.37) to ($0.24) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Freshworks is -34.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Freshworks is -34.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Freshworks has a P/B Ratio of 3.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Freshworks' valuation and earnings.

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About Freshworks Stock (NASDAQ:FRSH)

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. The company also provides Freshsales, an advanced and user-friendly sales automation solution; Freshmarketer, a marketing automation solution for businesses to redefine their marketing strategies; Freshsales Suite, which offers businesses a unified platform that facilitates cohesive engagement and detailed tracking of customers throughout their entire buying journey; Freshservice that offers virtual agents to help employees resolve issues, make requests, and answer questions without contacting the service desk; and Freshservice for Business Teams, which provides a unified employee service experience while ensuring the secure separation of departmental data. In addition, it offers Freshping to monitor website's availability and get multichannel alerts if the website goes down; Freshstatus, which allows businesses to create a custom branded website status page for internal or external viewing to communicate website uptime and availability; and Freshsurvey to measure net promoter scores and other satisfaction metrics directly within Freshworks products. The company was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. Freshworks Inc. was incorporated in 2010 and is headquartered in San Mateo, California.

FRSH Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FRSH Stock News Headlines

April 11, 2024 | insidertrades.com

Jennifer H. Taylor Sells 7,035 Shares of Freshworks Inc. (NASDAQ:FRSH) Stock

May 8, 2024 | markets.businessinsider.com

Expert Outlook: Freshworks Through The Eyes Of 11 Analysts

May 8, 2024 | InvestorPlace (Ad)

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May 7, 2024 | americanbankingnews.com

Freshworks (NASDAQ:FRSH) PT Lowered to $15.00 at Barclays

May 7, 2024 | americanbankingnews.com

Freshworks (NASDAQ:FRSH) Price Target Lowered to $20.00 at Canaccord Genuity Group