Freshworks (NASDAQ:FRSH) Issues FY 2025 Earnings Guidance

Freshworks (NASDAQ:FRSH) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.520-0.540 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group increased their price target on Freshworks from $19.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer increased their target price on Freshworks from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday. Needham & Company LLC boosted their price target on Freshworks from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday. JMP Securities upped their price target on shares of Freshworks from $21.00 to $24.00 and gave the company a “market outperform” rating in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald boosted their target price on shares of Freshworks from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.86.

Freshworks Price Performance

Shares of FRSH stock traded down $0.10 on Wednesday, hitting $17.76. 3,049,347 shares of the stock traded hands, compared to its average volume of 3,937,527. The firm has a 50 day simple moving average of $16.94 and a two-hundred day simple moving average of $14.05. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of -51.99 and a beta of 0.91. Freshworks has a 52 week low of $10.81 and a 52 week high of $21.61.

Freshworks (NASDAQ:FRSH) last released its earnings results 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 return on equity of 8.57% and a negative net margin of 14.80%. Sell-side analysts forecast that Freshworks will post -0.35 EPS for the current year.

Insider Transactions at Freshworks

In other Freshworks news, Director Jennifer H. Taylor sold 4,690 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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. This trade represents a 11.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Zachary Nelson sold 8,442 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $18.30, for a total value of $154,488.60. Following the sale, the director now directly owns 24,187 shares in the company, valued at $442,622.10. This trade represents a 25.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,727,211 shares of company stock valued at $27,224,746. 19.15% of the stock is currently owned by corporate insiders.

Freshworks Company Profile

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.