Freshworks (NASDAQ:FRSH) Releases FY 2025 Earnings Guidance

Freshworks (NASDAQ:FRSH - Get Free Report) 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.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Piper Sandler boosted their target price on Freshworks from $20.00 to $24.00 and gave the company an "overweight" rating in a research note on Wednesday. Needham & Company LLC boosted their target price on Freshworks from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday. StockNews.com upgraded Freshworks from a "hold" rating to a "buy" rating in a research note on Thursday. Canaccord Genuity Group upped their price objective on Freshworks from $19.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, JMP Securities upped their price objective on Freshworks from $21.00 to $24.00 and gave the stock a "market outperform" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $21.07.

Freshworks Stock Performance

FRSH traded down $0.38 during trading hours on Friday, reaching $17.05. The company's stock had a trading volume of 3,844,448 shares, compared to its average volume of 3,932,087. Freshworks has a 52 week low of $10.81 and a 52 week high of $21.61. The company's 50-day moving average is $17.00 and its 200-day moving average is $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 (NASDAQ:FRSH - Get Free Report) last posted its quarterly 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 net margin of 14.80% and a negative return on equity of 8.57%. Equities analysts anticipate that Freshworks will post -0.35 earnings per share for the current fiscal year.

Insider Activity at Freshworks

In other Freshworks news, Director Zachary Nelson sold 8,433 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $15.85, for a total value of $133,663.05. Following the transaction, the director now directly owns 24,187 shares of the company's stock, valued at $383,363.95. This represents a 25.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mika Yamamoto sold 5,718 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $16.95, for a total value of $96,920.10. Following the completion of the transaction, the insider now directly owns 403,108 shares in the company, valued at approximately $6,832,680.60. This represents a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,727,211 shares of company stock worth $27,224,746. Company insiders own 19.15% of the company's stock.

About Freshworks

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.