Freshworks (FRSH) Demonstrated Consistent Growth in Q3

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In Q3 2023, small-cap stocks posted negative returns after a mostly positive first-half performance. Russell 2000 Growth Index declined 7.32%, significantly underperforming the Russell 2000 Value Index (down 2.97%). In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Carillon Eagle Small Cap Growth Fund highlighted stocks like Freshworks Inc. (NASDAQ:FRSH) in the third quarter 2023 investor letter. Headquartered in San Mateo, California, Freshworks Inc. (NASDAQ:FRSH) is a software development company. On October 26, 2023, Freshworks Inc. (NASDAQ:FRSH) stock closed at $17.67 per share. One-month return of Freshworks Inc. (NASDAQ:FRSH) was -11.30%, and its shares gained 28.23% of their value over the last 52 weeks. Freshworks Inc. (NASDAQ:FRSH) has a market capitalization of $5.187 billion.

Carillon Eagle Small Cap Growth Fund made the following comment about Freshworks Inc. (NASDAQ:FRSH) in its Q3 2023 investor letter:

“Freshworks Inc. (NASDAQ:FRSH) is a customer relationship management and IT helpdesk software provider in the cloud. During the quarter, investors saw steady growth from the company as well as strong improvement in margins and cash flow. At its analyst day, management discussed new products that we believe should help expansion within the customer base as well as improve average revenue per customer.”

A wide angle shot of a software software engineer working at a computer.

Freshworks Inc. (NASDAQ:FRSH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Freshworks Inc. (NASDAQ:FRSH) at the end of second quarter which was 34 in the previous quarter.

We discussed Freshworks Inc. (NASDAQ:FRSH) in another article and shared the list of best NASDAQ stocks under $20. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.