Hedge Funds are Buying These 5 Stocks for the Rest of 2021

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In this article, we discuss the 5 stocks that hedge funds are buying for the rest of 2021. If you want to read our detailed analysis of these stocks, go directly to Hedge Funds are Buying These 10 Stocks for the Rest of 2021.

5. Freshworks Inc. (NASDAQ:FRSH)

Number of Hedge Fund Holders in Q3: 41  

Number of Hedge Fund Holders in Q2: 0     

Freshworks Inc. (NASDAQ:FRSH) is a California-based software firm. In earnings results for the third quarter, posted on November 2, it beat market expectations on earnings per share and revenue by $0.06 and $5.7 million respectively. 

Piper Sandler analyst Brent Bracelin recently kept an Overweight rating on Freshworks Inc. (NASDAQ:FRSH) stock and raised the price target to $53 from $50, noting the underlying strength of the firm in the enterprise customer segment. 

At the end of the third quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $316 million in Freshworks Inc. (NASDAQ:FRSH).

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