FreshworksFRSH
Market Cap: $3.43B
About: Freshworks Inc provides software as a service platform that enables small and medium-sized businesses to support customers through e-mail, phone, website, and social networks. It offers solutions that serve the needs of users in the CS and ITSM categories and has also expanded its offering with Sales and Marketing automation products. These product offerings enable organizations to acquire, engage, and serve their customers and employees. The group derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and Other regions.
Employees: 4,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
87% more call options, than puts
Call options by funds: $16.8M | Put options by funds: $8.98M
40% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 68
5.13% less ownership
Funds ownership: 89.07% [Q1] → 83.94% (-5.13%) [Q2]
6% less funds holding
Funds holding: 246 [Q1] → 232 (-14) [Q2]
26% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 54
34% less capital invested
Capital invested by funds: $3.53B [Q1] → $2.34B (-$1.19B) [Q2]
38% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 5 (-3) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Scotiabank Nick Altmann 63% 1-year accuracy 5 / 8 met price target | 41%upside $16 | Sector Perform Maintained | 31 Jul 2024 |
Barclays Raimo Lenschow 47% 1-year accuracy 37 / 79 met price target | 23%upside $14 | Equal-Weight Maintained | 31 Jul 2024 |
JP Morgan Pinjalim Bora 44% 1-year accuracy 12 / 27 met price target | 50%upside $17 | Overweight Maintained | 31 Jul 2024 |
Cantor Fitzgerald Brett Knoblauch 27% 1-year accuracy 22 / 81 met price target | 59%upside $18 | Overweight Maintained | 31 Jul 2024 |
Jefferies Brent Thill 50% 1-year accuracy 18 / 36 met price target | 76%upside $20 | Buy Maintained | 31 Jul 2024 |