Freshworks (FRSH)

• Market cap: $4.64B
• 1 day: -0.45%
• 5 days: -7.15%
• 1 month: 0.33%
• 3 months: 35.30%
• 6 months: 25.86%
• Year to date: -30.57%
• 1 year: -34.93%
• 5 years: -67.76%
• 10 years: -67.76%
• Sector: Information Technology
• Industry: Prepackaged Software

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 Q3 regulatory filings by fund managers ($100M+ AUM)

154% more call options, than puts

Call options by funds: $9.55M | Put options by funds: $3.75M

50% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 34

40% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]

12% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 78

7% more funds holding

Funds holding: 232 [Q2] → 249 (+17) [Q3]

3.03% less ownership

Funds ownership: 85.95% [Q2] → 82.92% (-3.03%) [Q3]

11% less capital invested

Capital invested by funds: $2.4B [Q2] → $2.13B (-$270M) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14 9% downside
• Avg. target: $18.57 21% upside
• High target: $24 57% upside

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

Needham Scott Berg 62% 1-year accuracy 93 / 149 met price target	30% upside $20	Buy Reiterated	17 Dec 2024
Canaccord Genuity David Hynes 64% 1-year accuracy 63 / 98 met price target	24% upside $19	Buy Maintained	7 Nov 2024
JMP Securities Patrick Walravens 69% 1-year accuracy 74 / 108 met price target	57% upside $24	Market Outperform Maintained	7 Nov 2024
Baird Rob Oliver 70% 1-year accuracy 32 / 46 met price target	2% downside $15	Neutral Maintained	7 Nov 2024
JP Morgan Pinjalim Bora 54% 1-year accuracy 32 / 59 met price target	30% upside $20	Overweight Maintained	7 Nov 2024