Creative Planning Has $194,000 Stock Position in Thoughtworks Holding, Inc. (NASDAQ:TWKS)

Creative Planning lifted its stake in Thoughtworks Holding, Inc. (NASDAQ:TWKS) by 6.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,974 shares of the company’s stock after purchasing an additional 2,642 shares during the quarter. Creative Planning’s holdings in Thoughtworks were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Arizona State Retirement System boosted its position in Thoughtworks by 20.5% during the 2nd 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% during the 2nd quarter. Catalina Capital Group LLC now owns 17,439 shares of the company’s stock worth $50,000 after purchasing an additional 7,026 shares in the last quarter. Summit Creek Advisors LLC raised its stake in shares of Thoughtworks by 0.7% during the 1st quarter. Summit Creek Advisors LLC now owns 1,335,630 shares of the company’s stock worth $3,379,000 after purchasing an additional 8,986 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 purchasing an additional 9,793 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Thoughtworks during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 32.81% of the company’s stock.

Thoughtworks Stock Performance

Shares of NASDAQ TWKS opened at $4.49 on Tuesday. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $4.42 and its two-hundred day moving average is $3.61. The company has a market cap of $1.45 billion, a P/E ratio of -12.47 and a beta of 1.13. Thoughtworks Holding, Inc. has a 12 month low of $2.19 and a 12 month high of $5.20.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TWKS. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Thoughtworks in a research note on Tuesday, August 6th. Piper Sandler raised their price objective on Thoughtworks from $3.40 to $4.40 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Robert W. Baird reissued a “neutral” rating and issued a $4.40 price objective on shares of Thoughtworks in a research note on Tuesday, August 6th. Finally, Baird R W downgraded Thoughtworks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One 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 MarketBeat.com, Thoughtworks currently has an average rating of “Hold” and a consensus target price of $4.18.

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.