The Manufacturers Life Insurance Company Sells 17,071 Shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS)

The Manufacturers Life Insurance Company lessened its position in shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS) by 31.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,756 shares of the company’s stock after selling 17,071 shares during the period. The Manufacturers Life Insurance Company’s holdings in Thoughtworks were worth $167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TWKS. Algert Global LLC acquired a new stake in Thoughtworks during the 2nd quarter worth about $33,000. Catalina Capital Group LLC grew its stake in Thoughtworks by 67.5% during the second 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 during the period. SG Americas Securities LLC bought a new stake in Thoughtworks in the second quarter worth approximately $71,000. Hsbc Holdings PLC increased its holdings in Thoughtworks by 69.9% in the second quarter. Hsbc Holdings PLC now owns 29,428 shares of the company’s stock worth $84,000 after purchasing an additional 12,107 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 buying an additional 9,793 shares during the period. Institutional investors and hedge funds own 32.81% of the company’s stock.

Thoughtworks Stock Performance

Shares of TWKS stock opened at $4.47 on Tuesday. The firm has a 50 day moving average of $4.46 and a 200-day moving average of $3.90. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -14.90 and a beta of 1.13. 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 Holding, Inc. has a 52 week low of $2.19 and a 52 week high of $5.20.

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.