New York, June 29, 2026, 15:01 (EDT)
- Freshworks rose 3.6% to $10.205, with volume about 2.9 times its 65-day average.
- At the current market value, Freshworks’ cash-adjusted value is about 2.2 times the midpoint of its 2026 revenue outlook, based on company guidance and market data.
- The stock is still down 16.7% this year and 31.6% over one year, even after a five-day gain of 14.3%.
Freshworks Inc. NASDAQ:FRSH rose more than most large software peers on Monday, as a jump in volume pushed the stock back above $10 and put fresh focus on a buyback plan that is large relative to the company’s market value.
The shares traded at $10.205 at 3:01 p.m. EDT, up 3.6%. Volume stood at 37.8 million shares, compared with a 65-day average of 12.9 million shares. The stock’s 52-week range is $6.79 to $15.47, leaving it about 34% below last July’s high.
| Intraday check | Google Finance ticker | Latest price | Intraday move | Volume |
|---|---|---|---|---|
| Freshworks Inc. | NASDAQ:FRSH | $10.205 | +3.6% | 37.7 mln |
| Salesforce Inc. | NYSE:CRM | $158.52 | +0.1% | 7.0 mln |
| ServiceNow Inc. | NYSE:NOW | $100.16 | +1.9% | 17.7 mln |
| iShares Expanded Tech-Software Sector ETF | BATS:IGV | $90.07 | +2.1% | 12.5 mln |
| WisdomTree Cloud Computing Fund | NASDAQ:WCLD | $31.65 | +3.1% | 1.3 mln |
The peer move was not enough to explain all of Freshworks’ trade. ServiceNow Inc. NYSE:NOW rose 1.9%, Salesforce Inc. NYSE:CRM was little changed, and the iShares Expanded Tech-Software Sector ETF (BATS:IGV) gained 2.1%. The WisdomTree Cloud Computing Fund NASDAQ:WCLD, which tracks the BVP Nasdaq Emerging Cloud Index, rose 3.1%.
The more useful read for holders is valuation. Freshworks had $780.4 million in cash, restricted cash and marketable securities at March 31. Its current market value was about $2.89 billion. Against the midpoint of the company’s 2026 revenue outlook, that puts Freshworks near 2.2 times revenue after netting out cash.
| Freshworks valuation math | Figure |
|---|---|
| Current market value | $2.89 bln |
| Cash and marketable securities at March 31 | $780.4 mln |
| Implied value net of cash | $2.11 bln |
| 2026 revenue outlook midpoint | $961.0 mln |
| Market value / 2026 revenue midpoint | 3.0x |
| Value net of cash / 2026 revenue midpoint | 2.2x |
| $400 mln buyback authorization / current market value | 13.8% |
That matters because the board authorized up to $400 million of Class A common stock repurchases in February. Chief Executive Dennis Woodside said then the company planned to buy shares it believed the market “substantially undervalues.” The authorization may be suspended or stopped at any time. Freshworks Investor Relations
The buyback sits next to a cost reset. Freshworks said in May it would cut 11% of its workforce, or about 500 jobs. Woodside told Reuters the decision was driven partly by AI use in product and engineering. “Over half of our code is written by AI,” he said. Reuters
Freshworks’ first-quarter numbers gave both sides of the trade. Revenue rose 16% to $228.6 million, and adjusted free cash flow was $55.8 million. Non-GAAP operating margin narrowed to 17.9% from 23.6% a year earlier, and non-GAAP diluted EPS fell to 11 cents from 18 cents. The company forecast second-quarter revenue of $232 million to $235 million and full-year revenue of $958 million to $964 million.
Woodside said in the earnings release that Freshworks had its “sixth straight quarter of exceeding expectations.” He also cited demand for the Employee Experience platform. The market is testing whether that growth can carry the stock while Customer Experience growth stays slower and AI risk weighs on software multiples. Freshworks Investor Relations
| Freshworks stock repair work | Latest read |
|---|---|
| Five-day performance | +14.28% |
| One-month performance | -4.45% |
| Year-to-date performance | -16.69% |
| One-year performance | -31.56% |
| Short interest at June 15 | 18.78 mln shares |
| Short interest as % of float | 9.20% |
The short base adds fuel to heavy-volume sessions, but the public data do not show who bought Monday’s shares. MarketWatch listed 18.78 million shares sold short as of June 15, equal to 9.20% of the float.
Nasdaq’s regular session runs from 9:30 a.m. to 4:00 p.m. ET, so the dateline price came during live trading. The exchange’s 2026 holiday calendar shows U.S. equity and options markets closed on Friday, July 3, for Independence Day observed.
