Thoughtworks Holding, Inc. (NASDAQ:TWKS – Get Rating) insider Sai Krishna Mandapaty sold 16,118 shares of Thoughtworks stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $11.82, for a total value of $190,514.76. Following the sale, the insider now owns 388,342 shares in the company, valued at $4,590,202.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Thoughtworks Trading Down 4.4 %
NASDAQ:TWKS opened at $11.12 on Friday. The business has a 50 day moving average of $14.21 and a 200 day moving average of $16.42. Thoughtworks Holding, Inc. has a 1-year low of $11.08 and a 1-year high of $33.69. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.39 and a current ratio of 3.39.
Get Thoughtworks alerts:Thoughtworks (NASDAQ:TWKS – Get Rating) last released its earnings results on Monday, August 15th. The company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $332.10 million during the quarter, compared to the consensus estimate of $328.09 million. Thoughtworks had a negative return on equity of 16.86% and a negative net margin of 12.27%. The company's revenue was up 27.5% compared to the same quarter last year. As a group, research analysts anticipate that Thoughtworks Holding, Inc. will post 0.01 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TWKS. Cowen lowered their target price on Thoughtworks from $21.00 to $20.00 in a research note on Tuesday, August 16th. Piper Sandler lowered their price objective on Thoughtworks from $19.00 to $17.50 and set an "overweight" rating on the stock in a research note on Tuesday, August 16th. Robert W. Baird lowered their price objective on Thoughtworks from $21.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 16th. Cowen lowered their price objective on Thoughtworks from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 16th. Finally, Royal Bank of Canada lowered their price objective on Thoughtworks from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 16th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.04.Institutional Trading of Thoughtworks
Several hedge funds and other institutional investors have recently bought and sold shares of TWKS. BlackRock Inc. lifted its position in Thoughtworks by 59.9% in the first quarter. BlackRock Inc. now owns 4,722,581 shares of the company's stock valued at $98,277,000 after purchasing an additional 1,769,406 shares during the last quarter. GW&K Investment Management LLC bought a new position in shares of Thoughtworks during the first quarter valued at approximately $34,576,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Thoughtworks by 13.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,550,756 shares of the company's stock valued at $148,871,000 after acquiring an additional 1,274,651 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Thoughtworks during the second quarter valued at approximately $5,918,000. Finally, American Century Companies Inc. raised its holdings in shares of Thoughtworks by 95.4% during the first quarter. American Century Companies Inc. now owns 787,866 shares of the company's stock valued at $16,395,000 after acquiring an additional 384,649 shares in the last quarter. Institutional investors own 18.71% of the company's stock.
About Thoughtworks
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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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