Freshworks (FRSH) Scheduled to Post Earnings on Wednesday

Freshworks (NASDAQ:FRSH) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Freshworks to post earnings of $0.08 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

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

Freshworks Trading Down 0.6 %

FRSH opened at $18.44 on Monday. Freshworks has a 1-year low of $12.22 and a 1-year high of $24.98. The company has a market cap of $5.49 billion, a P/E ratio of -39.23 and a beta of 0.90. The company has a fifty day moving average price of $18.68 and a two-hundred day moving average price of $20.05.

Insider Buying and Selling at Freshworks

In other Freshworks news, Director Jennifer H. Taylor sold 7,035 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were 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 in the company, valued at $423,127.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, 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 $423,127.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Roxanne S. Austin sold 6,303 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $21.54, for a total transaction of $135,766.62. Following the completion of the sale, the director now directly owns 88,431 shares in the company, valued at approximately $1,904,803.74. The disclosure for this sale can be found here. Insiders have sold a total of 460,792 shares of company stock worth $9,408,403 over the last three months. 26.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wolfe Research raised shares of Freshworks from a “peer perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Tuesday, February 20th. JMP Securities lifted their price objective on shares of Freshworks from $25.00 to $29.00 and gave the company a “market outperform” rating in a report on Wednesday, February 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $25.00 price objective on shares of Freshworks in a report on Wednesday, February 7th. Morgan Stanley reduced their price objective on shares of Freshworks from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, Jefferies Financial Group upgraded shares of Freshworks from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $30.00 in a report on Friday, January 5th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Freshworks presently has an average rating of “Moderate Buy” and a consensus target price of $25.29.

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.