Freshworks (NASDAQ:FRSH) Updates FY 2025 Earnings Guidance

Freshworks (NASDAQ:FRSH) 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.

Freshworks Stock Performance

Shares of Freshworks stock traded down $0.44 on Tuesday, hitting $17.86. The company’s stock had a trading volume of 6,759,069 shares, compared to its average volume of 3,999,027. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of -52.53 and a beta of 0.91. Freshworks has a 1 year low of $10.81 and a 1 year high of $22.14. The firm has a fifty day moving average price of $16.90 and a 200-day moving average price of $14.02.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.10). Freshworks had a negative net margin of 14.80% and a negative return on equity of 8.57%. As a group, analysts forecast that Freshworks will post -0.35 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on FRSH. Robert W. Baird reduced their target price on shares of Freshworks from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of Freshworks from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Wells Fargo & Company cut Freshworks from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $16.00 to $13.00 in a report on Tuesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Freshworks in a research note on Wednesday, January 15th. Finally, Canaccord Genuity Group upped their target price on Freshworks from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.07.

Insider Buying and Selling at Freshworks

In other Freshworks news, Director Jennifer H. Taylor sold 4,690 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $16.74, for a total transaction 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. The trade was a 11.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Rathnagirish Mathrubootham sold 830,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $15.33, for a total transaction of $12,723,900.00. Following the completion of the sale, the chairman now owns 551,137 shares in the company, valued at $8,448,930.21. The trade was a 60.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,727,211 shares of company stock valued at $27,224,746 in the last 90 days. 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.