Thoughtworks Holding, Inc. (NASDAQ:TWKS) Shares Sold by PDT Partners LLC

PDT Partners LLC trimmed its position in shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,217 shares of the company’s stock after selling 3,100 shares during the period. PDT Partners LLC’s holdings in Thoughtworks were worth $244,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Algert Global LLC acquired a new position in Thoughtworks during the 2nd quarter worth $33,000. Simplicity Wealth LLC acquired a new position in Thoughtworks during the 2nd quarter worth $44,000. Catalina Capital Group LLC grew its holdings in Thoughtworks by 67.5% during the 2nd quarter. Catalina Capital Group LLC now owns 17,439 shares of the company’s stock worth $50,000 after acquiring an additional 7,026 shares in the last quarter. SG Americas Securities LLC acquired a new position in Thoughtworks during the 2nd quarter worth $71,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Thoughtworks by 49.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,452 shares of the company’s stock worth $84,000 after acquiring an additional 9,793 shares in the last quarter. 32.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TWKS. Baird R W lowered shares of Thoughtworks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Robert W. Baird restated a “neutral” rating and issued a $4.40 price target on shares of Thoughtworks in a research report on Tuesday, August 6th. Piper Sandler raised their price target on shares of Thoughtworks from $3.40 to $4.40 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Thoughtworks in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Thoughtworks presently has a consensus rating of “Hold” and a consensus price target of $4.18.

Thoughtworks Trading Down 0.4 %

Shares of NASDAQ:TWKS opened at $4.47 on Wednesday. The company has a market cap of $1.44 billion, a PE ratio of -14.90 and a beta of 1.13. The company’s 50-day moving average price is $4.45 and its 200 day moving average price is $3.82. Thoughtworks Holding, Inc. has a fifty-two week low of $2.19 and a fifty-two week high of $5.20. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.39.

Thoughtworks Company Profile

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.