Taking a Closer Look At Thoughtworks Holding Inc. (TWKS) Following Its Recent Trade

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In a filing, Thoughtworks Holding Inc. revealed its Chief Transformation Officer Ferguson Angela unloaded Company’s shares for reported $96300.0 on Oct 31. In the deal valued at $9.63 per share,10,000 shares were sold. As a result of this transaction, Ferguson Angela now holds 142,755 shares worth roughly $ 1.15 million.

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Then, Ferguson Angela sold 20,000 shares, generating $216,800 in total proceeds. Upon selling the shares at $10.84, the Chief Transformation Officer now owns 142,755 shares.

Before that, Mandapaty Sai Krishna sold 16,118 shares. Thoughtworks Holding Inc. shares valued at $190,443 were divested by the Chief Commercial Officer at a price of $11.82 per share. As a result of the transaction, Mandapaty Sai Krishna now holds 388,342 shares, worth roughly $3.14 million.

Goldman upgraded its Thoughtworks Holding Inc. [TWKS] rating to a Buy from a a Neutral in a research note published on Monday, January 10, 2022; the price target was decreased to $32 from $34. PT values the company’s stock at a premium of 74.72 to its Monday closing price. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. William Blair began covering TWKS with “an Outperform” recommendation on October 11, 2021. Wedbush started covering the stock on October 11, 2021. It rated TWKS as “an Outperform”.

Price Performance Review of TWKS

On Monday, Thoughtworks Holding Inc. [NASDAQ:TWKS] saw its stock fall -1.34% to $8.09. On the same session, the stock had its day’s lowest price of $7.89, but rose to a high of $8.44. Over the last five days, the stock has lost -15.82%. Thoughtworks Holding Inc. shares have fallen nearly -69.82% since the year began. Nevertheless, the stocks have fallen -73.61% over the past one year. While a 52-week high of $33.69 was reached on 01/04/22, a 52-week low of $8.09 was recorded on 11/07/22. SMA at 50 days reached $10.91, while 200 days put it at $16.19. A total of 0.6 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For TWKS Stock

The 24-hour chart illustrates a support level at 7.84, which if violated will result in even more drops to 7.59. On the upside, there is a resistance level at 8.39. A further resistance level may holdings at 8.69. The Relative Strength Index (RSI) on the 14-day chart is 26.14, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.05%. Stochastics %K at 5.62% indicates the stock is a buying.

How much short interest is there in Thoughtworks Holding Inc.?

A steep rise in short interest was recorded in Thoughtworks Holding Inc. stocks on Jul 14, 2022, growing by 0.7 million shares to a total of 2.44 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.74 million shares. There was a rise of 28.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.23% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.39.

Thoughtworks Holding Inc. [TWKS] – Who Are The Largest Shareholders?

In filings from GIC Pte Ltd., it is revealed that the company now owns 20,858,662 shares, or roughly 6.70% of the outstanding TWKS shares. In other words, the investor’s shares have risen by 2,402,016 from its previous 13-F filing of 18456646.0. Additionally, Massachusetts Financial Services increased 13.74% of its stake after which the total value it holdings stand at $110,677,430, while The Vanguard Group, Inc. added 123.40% of its stake to hold $64.27 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -1,844,242 shares of Thoughtworks Holding Inc., while Columbia Management Investment Ad sold -11,832 shares. At present, Neuberger Berman Investment Advis is holding 3,203,670 shares valued at $33.61 million. Capital Research & Management Co owned 3,044,506 shares of the company at the time of its most recent 13F filing, worth $31.94 million.

The most recent change occurred on October 11, 2021 when Robert W. Baird began covering the stock and recommended ‘”a Neutral”‘ rating along with a $31 price target.


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