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JMP Securities has reiterated its market outperform recommendation for Freshworks Inc (NASDAQ:FRSH), according to a report by Fintel. The average one-year price target for Freshworks Inc as of August 31, 2023, is $23.53, representing a 17.58% upside from its latest reported closing price of $20.01. The projected annual revenue for the company is $613 million, an increase of 12.47%. There are currently 330 funds or institutions reporting positions in Freshworks Inc, representing an increase of 53 owners or 19.13% in the last quarter. The put/call ratio of FRSH is 0.63, indicating a bullish outlook. In terms of shareholders, WestBridge Capital Management holds 16,512K shares representing 5.62% ownership, while Ward Ferry Management holds 12,871K shares representing 4.38% ownership. Champlain Investment Partners holds 5,673K shares representing 1.93% ownership, a decrease of 4.51% from its prior filing. Steadview Capital Management holds 5,666K shares representing 1.93% ownership. Alliancebernstein holds 4,794K shares representing 1.63% ownership, an increase of 25.93% from its prior filing. Freshworks Inc is a company that provides software solutions to businesses to improve customer and employee satisfaction.
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