Small-Cap Software Watch: Freshworks

Freshworks stock is holding above the record low of $10.51 reached last June.

Freshworks (FRSH, $15.07), a provider of front- and back-office software for SMBs, is navigating its way through an increasingly challenging macro environment.

While the company in early November reported Q3 results that beat on both the top and bottom lines, there were some decelerating metrics—including billings growth and net dollar retention. Freshworks faces more headwinds around customer expansions and could see rising churn.