272 Capital LP Has $4.04 Million Position in Thoughtworks Holding, Inc. (NASDAQ:TWKS)

272 Capital LP grew its stake in Thoughtworks Holding, Inc. (NASDAQ:TWKS) by 29.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,423,569 shares of the company’s stock after buying an additional 323,751 shares during the period. Thoughtworks accounts for about 2.0% of 272 Capital LP’s holdings, making the stock its 17th biggest holding. 272 Capital LP owned 0.44% of Thoughtworks worth $4,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Mubadala Investment Co PJSC bought a new position in Thoughtworks during the 4th quarter worth approximately $37,411,000. Jacobs Levy Equity Management Inc. increased its position in shares of Thoughtworks by 1,094.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 485,330 shares of the company’s stock worth $1,228,000 after buying an additional 444,712 shares during the period. Vanguard Group Inc. raised its stake in Thoughtworks by 1.0% during the first quarter. Vanguard Group Inc. now owns 11,446,418 shares of the company’s stock worth $28,959,000 after buying an additional 112,782 shares during the last quarter. Duality Advisers LP bought a new stake in Thoughtworks during the first quarter valued at $36,000. Finally, Quadrature Capital Ltd acquired a new stake in Thoughtworks during the 1st quarter worth about $210,000. 32.81% of the stock is currently owned by institutional investors.

Thoughtworks Price Performance

Shares of NASDAQ TWKS opened at $4.40 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.59 and a quick ratio of 2.59. The company has a 50-day moving average price of $4.05 and a 200-day moving average price of $3.13. The stock has a market capitalization of $1.42 billion, a P/E ratio of -15.17 and a beta of 1.14. Thoughtworks Holding, Inc. has a 1 year low of $2.19 and a 1 year high of $5.20.

Thoughtworks (NASDAQ:TWKS) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.03) EPS for the quarter. Thoughtworks had a negative return on equity of 5.81% and a negative net margin of 11.20%. The company had revenue of $251.70 million for the quarter, compared to the consensus estimate of $251.37 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities research analysts forecast that Thoughtworks Holding, Inc. will post -0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup dropped their price objective on Thoughtworks from $3.25 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Baird R W cut Thoughtworks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Piper Sandler lifted their price objective on shares of Thoughtworks from $3.40 to $4.40 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. The Goldman Sachs Group started coverage on shares of Thoughtworks in a research note on Monday, June 24th. They set a “sell” rating and a $2.50 target price on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Thoughtworks in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.18.

Thoughtworks 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.