Freshworks (FRSH)

• Market cap: $4.33B
• 1 day: -3.17%
• 5 days: -9.58%
• 1 month: -17.67%
• 3 months: -13.29%
• 6 months: 26.77%
• Year to date: -9.75%
• 1 year: -23.43%
• 5 years: -69.82%
• 10 years: -69.82%
• 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: 4,400

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

169% more call options, than puts

Call options by funds: $34.5M | Put options by funds: $12.8M

79% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 42

51% more repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 68

50% more capital invested

Capital invested by funds: $2.19B [Q3] → $3.28B (+$1.1B) [Q4]

43% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 10 (+3) [Q4]

11% more funds holding

Funds holding: 249 [Q3] → 276 (+27) [Q4]

1.83% more ownership

Funds ownership: 85.28% [Q3] → 87.11% (+1.83%) [Q4]

Research analyst outlook

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

• Low target: $13 9% downside
• Avg. target: $21 46% upside
• High target: $25 74% upside

9 analyst ratings

• positive: 5 56%
• neutral: 3 33%
• negative: 1 11%

Scotiabank Nick Altmann 7% 1-year accuracy 1 / 14 met price target	32% upside $19	Sector Perform Maintained	12 Feb 2025
Cantor Fitzgerald Brett Knoblauch 28% 1-year accuracy 22 / 80 met price target	53% upside $22	Overweight Maintained	12 Feb 2025
Canaccord Genuity David Hynes 35% 1-year accuracy 39 / 111 met price target	60% upside $23	Buy Maintained	12 Feb 2025
Oppenheimer Brian Schwartz 16% 1-year accuracy 8 / 51 met price target	67% upside $24	Outperform Maintained	12 Feb 2025
Barclays Raimo Lenschow 35% 1-year accuracy 29 / 82 met price target	39% upside $20	Equal-Weight Maintained	12 Feb 2025