Freshworks (FRSH)

• Market cap: $5.28B
• 1 day: 0.00%
• 5 days: 10.66%
• 1 month: 11.87%
• 3 months: 54.61%
• 6 months: 33.03%
• Year to date: 9.69%
• 1 year: -20.62%
• 5 years: -63.32%
• 10 years: -63.32%
• 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

65% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 31

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]

2.27% less ownership

Funds ownership: 87.55% [Q2] → 85.29% (-2.27%) [Q3]

10% less capital invested

Capital invested by funds: $2.44B [Q2] → $2.19B (-$254M) [Q3]

Research analyst outlook

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

• Low target: $13 25% downside
• Avg. target: $18.90 8% upside
• High target: $24 38% upside

10 analyst ratings

• positive: 6 60%
• neutral: 3 30%
• negative: 1 10%

Wells Fargo Michael Berg 50% 1-year accuracy 4 / 8 met price target	25% downside $13	Underweight Downgraded	21 Jan 2025
Oppenheimer Brian Schwartz 57% 1-year accuracy 26 / 46 met price target	26% upside $22	Outperform Upgraded	16 Jan 2025
Needham Scott Berg 60% 1-year accuracy 96 / 159 met price target	15% upside $20	Buy Reiterated	15 Jan 2025
Morgan Stanley Elizabeth Porter 56% 1-year accuracy 5 / 9 met price target	9% upside $19	Equal-Weight Maintained	13 Jan 2025
Piper Sandler Brent Bracelin 61% 1-year accuracy 74 / 122 met price target	15% upside $20	Overweight Maintained	6 Jan 2025