Freshworks (NASDAQ:FRSH) Updates 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 guidance of 0.520-0.540 for the period, compared to the consensus earnings per share 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 Down 2.4 %

Shares of NASDAQ:FRSH traded down $0.44 during midday trading on Tuesday, reaching $17.86. 6,759,069 shares of the company were exchanged, compared to its average volume of 3,999,027. Freshworks has a fifty-two week low of $10.81 and a fifty-two week high of $22.14. The stock has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $14.02. The firm has a market cap of $5.41 billion, a PE ratio of -52.53 and a beta of 0.91.

Freshworks (NASDAQ:FRSH) last issued its quarterly 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 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 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FRSH shares. Oppenheimer upgraded shares of Freshworks from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of Freshworks from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Freshworks in a research report on Wednesday, January 15th. JMP Securities lifted their price objective 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, Morgan Stanley lifted their price objective on shares of Freshworks from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.07.

Insider Buying and Selling

In other Freshworks news, Director Jennifer H. Taylor sold 4,690 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $16.74, for a total value of $78,510.60. Following the completion of the sale, the director now owns 36,689 shares of the company’s stock, valued at $614,173.86. The trade was a 11.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mika Yamamoto sold 5,718 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $16.95, for a total transaction of $96,920.10. Following the completion of the sale, the insider now directly owns 403,108 shares of the company’s stock, valued at $6,832,680.60. This represents a 1.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,727,211 shares of company stock valued at $27,224,746. Company insiders own 19.15% of the company’s stock.

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.