Thoughtworks Holding, Inc. (NASDAQ:TWKS) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in Thoughtworks Holding, Inc. (NASDAQ:TWKSFree Report) by 9.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 187,900 shares of the company’s stock after selling 19,100 shares during the quarter. Swiss National Bank’s holdings in Thoughtworks were worth $904,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TWKS. Victory Capital Management Inc. acquired a new position in shares of Thoughtworks in the 3rd quarter worth $41,000. Jump Financial LLC acquired a new position in shares of Thoughtworks in the 3rd quarter worth $45,000. Quantbot Technologies LP acquired a new position in shares of Thoughtworks in the 3rd quarter worth $90,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Thoughtworks in the 3rd quarter worth $49,000. Finally, Rathbones Group PLC acquired a new position in shares of Thoughtworks in the 3rd quarter worth $1,078,000. 32.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TWKS has been the topic of a number of recent research reports. Piper Sandler decreased their target price on Thoughtworks from $5.00 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. Wedbush reiterated an “outperform” rating and set a $6.00 price target on shares of Thoughtworks in a report on Wednesday, May 8th. Citigroup lifted their price target on Thoughtworks from $2.50 to $3.25 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Robert W. Baird lifted their price target on Thoughtworks from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada lowered their price target on Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.94.

Read Our Latest Stock Report on Thoughtworks

Thoughtworks Price Performance

TWKS opened at $2.83 on Friday. The stock has a market cap of $913.84 million, a price-to-earnings ratio of -9.76 and a beta of 0.97. Thoughtworks Holding, Inc. has a 1 year low of $2.19 and a 1 year high of $8.31. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $2.61 and a 200 day moving average price of $3.60.

Thoughtworks (NASDAQ:TWKSGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $248.59 million for the quarter, compared to analyst estimates of $242.77 million. Thoughtworks had a negative net margin of 8.56% and a negative return on equity of 4.10%. Analysts forecast that Thoughtworks Holding, Inc. will post -0.04 EPS for the current fiscal year.

Thoughtworks Company Profile

(Free Report)

Thoughtworks Holding, Inc provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. The company's consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses.

Further Reading

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Institutional Ownership by Quarter for Thoughtworks (NASDAQ:TWKS)

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