Freshworks
FRSH

$13.50

1.89%

Market Cap: 4.03B

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

Information Technology Prepackaged Software

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 16 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

30% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 69

11% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 45

2.74% more ownership

Funds ownership: 84.54% [Q4 2023] → 87.27% (+2.74%) [Q1 2024]

2% more funds holding

Funds holding: 237 [Q4 2023] → 242 (+5) [Q1 2024]

14% less capital invested

Capital invested by funds: $4.01B [Q4 2023] → $3.46B (-$553M) [Q1 2024]

18% less call options, than puts

Call options by funds: $19M | Put options by funds: $23M

27% less funds holding in top 10

Funds holding in top 10: 11 [Q4 2023] → 8 (-3) [Q1 2024]

See Fund Rankings

Research analyst outlook

16 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$15

11%

upside

Avg. target

$22

61%

upside

High target

$30

122%

upside

16 analyst ratings

12 positive

75%

4 neutral

25%

0 negative

0%

Piper Sandler Brent Bracelin	26%upside $17	Overweight Maintained	12 Jul 2024
Canaccord Genuity David Hynes	26%upside $17	Buy Maintained	10 Jul 2024
Needham Scott Berg	48%upside $20	Buy Maintained	20 May 2024
Needham Scott Berg	122%upside $30	Buy Reiterated	8 May 2024
Canaccord Genuity David Hynes	48%upside $20	Buy Maintained	3 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about FRSH published over the past 30 days

Freshworks: Diversified, Growing Software Portfolio Trading At An Attractive Price

Freshworks stock has declined sharply year to date, creating a buying opportunity. Its revenue growth has remained consistently around 20% y/y over the past few quarters. The company's slight slippage in net revenue retention rates, owing to SMB weakness, has been echoed throughout the software sector.

Freshworks: Diversified, Growing Software Portfolio Trading At An Attractive Price

Freshworks Report Reveals AI Is Delivering Strong Productivity Gains and Unlocking Higher-Value Work for Employees

More than half of knowledge workers are actively using AI at work—and driving efficiencies of nearly 24 business days of work per year More than half of knowledge workers are actively using AI at work—and driving efficiencies of nearly 24 business days of work per year

Freshworks Report Reveals AI Is Delivering Strong Productivity Gains and Unlocking Higher-Value Work for Employees

Freshworks Unveils New Data Center in UAE to Serve Customers Across Middle East and Africa

DUBAI, UAE, June 27, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc . (NASDAQ: FRSH) today announced the launch of its new data center, powered by Amazon Web Services (AWS), in the UAE.

Freshworks Unveils New Data Center in UAE to Serve Customers Across Middle East and Africa

Rocketlane Raises $24M in Series B to Create a Post-Sales CRM for Professional Services Teams

Rocketlane champions professional services teams, the OGs of after sales experts, with an all-in-one AI powered platform to deliver the promise of sales and removes siloed project management and inefficiencies. SAN MATEO, Calif.

Rocketlane Raises $24M in Series B to Create a Post-Sales CRM for Professional Services Teams

Freshworks Completes Acquisition of Device42

Enhances IT Asset Management Capabilities Designed to Provide Customers with a Single, Integrated Platform New Capabilities Help Customers Reduce Risk, Solve Incidents Faster SAN MATEO, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc. (NASDAQ: FRSH) today announced the completion of its acquisition of Device42, a company that provides comprehensive, continuously up-to-date views of assets across an organization's entire IT infrastructure.

Freshworks Completes Acquisition of Device42

Zacks Investment Research

Freshwork (FRSH) Loses -28.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

The heavy selling pressure might have exhausted for Freshwork (FRSH) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Freshwork (FRSH) Loses -28.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Investing on Steroids: 7 High-Growth Stocks for the Bold and Daring

To use a baseball analogy, high-growth stocks to buy is the equivalent of going up to the plate to do some damage. It's the exact opposite of laying down a bunt to bring a runner home.

Investing on Steroids: 7 High-Growth Stocks for the Bold and Daring

Freshworks to Participate in Upcoming Investor Conferences

SAN MATEO, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc., (NASDAQ: FRSH) today announced participation in the following events:

Freshworks to Participate in Upcoming Investor Conferences

Zacks Investment Research

Freshwork (FRSH) Loses -23.99% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Freshwork (FRSH) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Freshwork (FRSH) Loses -23.99% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

The Motley Fool

Why Freshworks Stock Crashed Today

Freshworks beat sales and earnings expectations for the first quarter. The company's forward-earnings guidance also beat expectations, but sales targets missed the mark.

Why Freshworks Stock Crashed Today

See News Rankings