Freshworks (FRSH) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $15.75 to $16.61
• 50-Day Range: $10.88 to $16.82
• 52-Week Range: $10.81 to $24.98
• Volume: 6.45 million shs
• Average Volume: 5.52 million shs
• Market Capitalization: $5.01 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $18.69
• Consensus Rating: Moderate Buy

Freshworks Stock Analysis - MarketRank™

Freshworks scored higher than 67% of companies evaluated by MarketBeat, and ranked 290th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Freshworks has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Freshworks has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Freshworks are expected to grow in the coming year, from ($0.36) to ($0.26) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Freshworks is -48.65, 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 -48.65, 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 4.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.58% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Freshworks has recently decreased by 0.87%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Freshworks does not currently pay a dividend.

Dividend Growth

Freshworks does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.58% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Freshworks has recently decreased by 0.87%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.96

News Sentiment

Freshworks has a news sentiment score of 0.96. 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 higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Freshworks this week, compared to 6 articles on an average week.

Search Interest

16 people have searched for FRSH on MarketBeat in the last 30 days. This is an increase of 1,500% compared to the previous 30 days.

MarketBeat Follows

19 people have added Freshworks to their MarketBeat watchlist in the last 30 days. This is an increase of 280% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

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 $406,714.00 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.

FRSH Stock Analysis - Frequently Asked Questions

How have FRSH shares performed this year?

Freshworks' stock was trading at $23.49 on January 1st, 2024. Since then, FRSH shares have decreased by 29.6% and is now trading at $16.54.
View the best growth stocks for 2024 here.

How were Freshworks' earnings last quarter?

Freshworks Inc. (NASDAQ:FRSH) announced its quarterly earnings results on Tuesday, July, 30th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Freshworks's revenue for the quarter was up 20.0% on a year-over-year basis.

When did Freshworks IPO?

Freshworks (FRSH) raised $855 million in an initial public offering 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' top institutional investors include WestBridge Capital Management LLC (4.43%), State Street Corp (1.57%), Geode Capital Management LLC (1.52%) and Champlain Investment Partners LLC (0.85%). Insiders that own company stock include Westbridge Crossover Fund, Llc, Sameer K Gandhi, Leaders 3 Gp Associates Accel, Pradeep Rathinam, Srinivasagopalan Ramamurthy, Tyler Sloat, Roxanne S Austin, Stacey Epstein, Jennifer H Taylor, Barry L Padgett, Zachary Nelson, Johanna Flower, Randy Gottfried, Sequoia Capital India V Ltd, Rathnagirish Mathrubootham and Jose Morales.
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.

What other stocks do shareholders of Freshworks own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Freshworks investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), TotalEnergies (TTE) and Invesco QQQ (QQQ).

Company Calendar

• Last Earnings: 7/30/2024
• Today: 11/24/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: N/A
• Current Symbol: NASDAQ:FRSH
• CUSIP: N/A
• CIK: 1544522
• Web: www.freshworks.com
• Phone: 650-513-0514
• Fax: N/A
• Employees: 4,900
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.69
• High Stock Price Target: $27.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +13.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.34)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-137,440,000.00
• Net Margins: -14.80%
• Pretax Margin: -14.60%
• Return on Equity: -8.57%
• Return on Assets: -6.24%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.26
• Quick Ratio: 3.26

Sales & Book Value

• Annual Sales: $685.96 million
• Price / Sales: 7.30
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.75 per share
• Price / Book: 4.41

Miscellaneous

• Outstanding Shares: 302,854,000
• Free Float: 244,857,000
• Market Cap: $5.01 billion
• Optionable: Optionable
• Beta: 0.72