Freshworks (FRSH) Scheduled to Post Quarterly Earnings on Wednesday

Freshworks (NASDAQ:FRSH) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04. The company had revenue of $160.11 million during the quarter, compared to analysts’ expectations of $158.11 million. Freshworks had a negative net margin of 23.04% and a negative return on equity of 12.55%. On average, analysts expect Freshworks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Freshworks Trading Up 1.0 %

NASDAQ FRSH opened at $18.35 on Wednesday. The company has a market cap of $5.47 billion, a PE ratio of -39.04 and a beta of 0.90. Freshworks has a 12 month low of $12.22 and a 12 month high of $24.98. The stock has a 50 day moving average of $18.87 and a 200-day moving average of $20.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler increased their price objective on Freshworks from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. JMP Securities raised their price target on Freshworks from $25.00 to $29.00 and gave the stock a “market outperform” rating in a research report on Wednesday, February 7th. Morgan Stanley decreased their price target on Freshworks from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Jefferies Financial Group upgraded Freshworks from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $30.00 in a research report on Friday, January 5th. Finally, Needham & Company LLC lifted their target price on Freshworks from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 28th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.29.

Insider Buying and Selling

In related news, Director Jennifer H. Taylor sold 7,035 shares of Freshworks stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $21.71, for a total value of $152,729.85. Following the transaction, the director now directly owns 19,490 shares of the company’s stock, valued at $423,127.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Johanna Flower sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $19.05, for a total transaction of $91,440.00. Following the completion of the sale, the director now owns 23,451 shares in the company, valued at $446,741.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jennifer H. Taylor sold 7,035 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $21.71, for a total value of $152,729.85. Following the sale, the director now owns 19,490 shares of the company’s stock, valued at approximately $423,127.90. The disclosure for this sale can be found here. Insiders have sold a total of 460,792 shares of company stock valued at $9,408,403 over the last ninety days. 26.66% of the stock is owned by company 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.