Street Calls of the Week
Freshworks Inc. (NASDAQ:FRSH), a software company with impressive gross profit margins of 84.6% and a market capitalization of $3.66 billion, saw its Chief Accounting Officer Lawrence Philippa sell 2,590 shares of Class A Common Stock on September 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro analysis, the stock currently appears undervalued based on its Fair Value assessment. The shares were sold at a weighted average price of $12.53, with individual sales prices ranging from $12.47 to $12.73, for a total transaction value of $32,452.
Following the transaction, Lawrence Philippa directly owns 415,949 shares of Freshworks Inc . The sale was executed under a Rule 10b5-1 trading plan adopted on June 16, 2025.
In other recent news, Freshworks Inc has garnered significant attention from multiple analyst firms following its recent Investor Day. The company announced ambitious medium-term financial targets, aiming to achieve over $1.2 billion in revenue and more than $340 million in free cash flow by FY28, with a focus on a "Rule of 45" growth and profitability metric. UBS has maintained its Buy rating on Freshworks, setting a price target of $19, while Cantor Fitzgerald reiterated an Overweight rating with a $20 target, highlighting the company’s projection of $1.3 billion in Annual Recurring Revenue by 2028. Oppenheimer also reiterated an Outperform rating, with a $19 price target, praising the company’s growth opportunities and increased financial transparency.
Needham expressed confidence in Freshworks’ path to achieving the "Rule of 45," maintaining a Buy rating and setting a higher price target of $25. JMP Securities echoed a positive sentiment with a Market Outperform rating and a $27 price target. The company’s emphasis on accelerating revenue growth and improving operating efficiency has been well-received by these analyst firms. These developments indicate a strong outlook for Freshworks as it continues to focus on expanding its financial performance and strategic initiatives.
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