Sai Krishna Mandapaty Sells 5,139 Shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS) Stock

Thoughtworks Holding, Inc. (NASDAQ:TWKSGet Rating) insider Sai Krishna Mandapaty sold 5,139 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $8.02, for a total value of $41,214.78. Following the completion of the sale, the insider now directly owns 210,637 shares of the company’s stock, valued at $1,689,308.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sai Krishna Mandapaty also recently made the following trade(s):

  • On Tuesday, September 20th, Sai Krishna Mandapaty sold 16,118 shares of Thoughtworks stock. The shares were sold at an average price of $11.82, for a total value of $190,514.76.

Thoughtworks Trading Up 0.8 %

NASDAQ:TWKS opened at $7.91 on Thursday. The stock has a fifty day moving average price of $9.75 and a two-hundred day moving average price of $13.21. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -15.21 and a beta of 0.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.64 and a current ratio of 2.64. Thoughtworks Holding, Inc. has a 1 year low of $7.61 and a 1 year high of $30.99.

Thoughtworks (NASDAQ:TWKSGet Rating) last announced its quarterly earnings results on Monday, November 14th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Thoughtworks had a negative net margin of 12.29% and a negative return on equity of 15.64%. The firm had revenue of $332.40 million during the quarter, compared to analysts’ expectations of $327.52 million. During the same quarter in the prior year, the business earned ($0.09) EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thoughtworks Holding, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TWKS shares. Piper Sandler downgraded Thoughtworks from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $9.50 in a report on Monday, November 14th. Robert W. Baird decreased their price target on Thoughtworks from $18.00 to $14.00 in a report on Tuesday, October 11th. Cowen decreased their price target on Thoughtworks from $16.00 to $12.00 in a report on Tuesday, November 15th. Royal Bank of Canada decreased their price target on Thoughtworks from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Tuesday, November 15th. Finally, JPMorgan Chase & Co. decreased their price target on Thoughtworks from $20.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, October 14th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Thoughtworks currently has an average rating of “Moderate Buy” and a consensus price target of $14.83.

Institutional Trading of Thoughtworks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWKS. Assetmark Inc. increased its position in Thoughtworks by 548.4% during the 2nd quarter. Assetmark Inc. now owns 2,010 shares of the company’s stock worth $28,000 after purchasing an additional 1,700 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Thoughtworks during the 1st quarter worth about $31,000. Advisors Asset Management Inc. purchased a new stake in Thoughtworks during the 1st quarter worth about $44,000. Ronald Blue Trust Inc. purchased a new stake in Thoughtworks during the 2nd quarter worth about $53,000. Finally, UBS Group AG increased its position in Thoughtworks by 554.0% during the 3rd quarter. UBS Group AG now owns 9,974 shares of the company’s stock worth $104,000 after purchasing an additional 8,449 shares in the last quarter. Hedge funds and other institutional investors own 18.71% of the company’s stock.

About Thoughtworks

(Get Rating)

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.

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Insider Buying and Selling by Quarter for Thoughtworks (NASDAQ:TWKS)

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