Freshworks (NASDAQ:FRSH - Get Free Report) updated its first quarter 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.120-0.140 for the period, compared to the consensus estimate of 0.120. The company issued revenue guidance of $190.0 million-$193.0 million, compared to the consensus revenue estimate of $192.3 million. Freshworks also updated its FY 2025 guidance to 0.520-0.540 EPS.
Analyst Upgrades and Downgrades
Several research firms have commented on FRSH. JPMorgan Chase & Co. increased their target price on Freshworks from $17.00 to $20.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Wells Fargo & Company downgraded Freshworks from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $16.00 to $13.00 in a research report on Tuesday, January 21st. Morgan Stanley increased their target price on Freshworks from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Barclays increased 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. Finally, Canaccord Genuity Group increased their target price on Freshworks from $19.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.07.
Check Out Our Latest Research Report on FRSH
Freshworks Price Performance
Shares of Freshworks stock traded down $0.38 during midday trading on Friday, reaching $17.05. The company had a trading volume of 3,844,448 shares, compared to its average volume of 3,932,087. The stock has a fifty day moving average price of $17.00 and a 200 day moving average price of $14.13. The firm has a market cap of $5.16 billion, a PE ratio of -50.15 and a beta of 0.91. Freshworks has a fifty-two week low of $10.81 and a fifty-two week high of $21.61.
Freshworks (NASDAQ:FRSH - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). Freshworks had a negative return on equity of 8.57% and a negative net margin of 14.80%. As a group, sell-side analysts forecast that Freshworks will post -0.35 EPS for the current year.
Insider Activity
In related news, Chairman Rathnagirish Mathrubootham sold 835,000 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $16.08, for a total transaction of $13,426,800.00. Following the completion of the sale, the chairman now owns 551,137 shares in the company, valued at approximately $8,862,282.96. This represents a 60.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jennifer H. Taylor sold 4,690 shares of the company'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 sale, the director now owns 36,689 shares of the company's stock, valued at $614,173.86. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,727,211 shares of company stock worth $27,224,746 over the last quarter. 19.15% of the stock is currently owned by corporate insiders.
About Freshworks
(
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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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