Thoughtworks Holding, Inc. (NASDAQ:TWKS) Shares Sold by ClearAlpha Technologies LP

ClearAlpha Technologies LP lessened its holdings in shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS) by 86.2% during the 3rd quarter, Holdings Channel reports. The firm owned 18,793 shares of the company’s stock after selling 117,226 shares during the period. ClearAlpha Technologies LP’s holdings in Thoughtworks were worth $83,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TWKS. Creative Planning lifted its holdings in Thoughtworks by 6.4% during the 3rd quarter. Creative Planning now owns 43,974 shares of the company’s stock worth $194,000 after buying an additional 2,642 shares in the last quarter. Arizona State Retirement System increased its position in shares of Thoughtworks by 20.5% during the second quarter. Arizona State Retirement System now owns 31,622 shares of the company’s stock worth $90,000 after acquiring an additional 5,369 shares during the period. Catalina Capital Group LLC raised its stake in shares of Thoughtworks by 67.5% in the second quarter. Catalina Capital Group LLC now owns 17,439 shares of the company’s stock valued at $50,000 after acquiring an additional 7,026 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Thoughtworks by 49.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,452 shares of the company’s stock valued at $84,000 after purchasing an additional 9,793 shares during the period. Finally, Algert Global LLC acquired a new position in Thoughtworks during the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 32.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TWKS shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $4.40 price target on shares of Thoughtworks in a research report on Tuesday, August 6th. Baird R W cut shares of Thoughtworks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Piper Sandler boosted their price target on shares of Thoughtworks from $3.40 to $4.40 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.18.

Thoughtworks Stock Down 0.4 %

TWKS stock opened at $4.47 on Tuesday. The company’s 50 day moving average is $4.44 and its two-hundred day moving average is $3.81. Thoughtworks Holding, Inc. has a twelve month low of $2.19 and a twelve month high of $5.20. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.44 billion, a P/E ratio of -14.90 and a beta of 1.13.

About Thoughtworks

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.