Bardin Hill Management Partners LP Makes New $395,000 Investment in Thoughtworks Holding, Inc. (NASDAQ:TWKS)

Bardin Hill Management Partners LP bought a new position in shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 89,319 shares of the company’s stock, valued at approximately $395,000. Thoughtworks makes up about 0.2% of Bardin Hill Management Partners LP’s investment portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Thoughtworks by 13,157.3% during the third quarter. SG Americas Securities LLC now owns 3,319,896 shares of the company’s stock worth $14,674,000 after buying an additional 3,294,854 shares in the last quarter. Glazer Capital LLC purchased a new stake in shares of Thoughtworks during the 3rd quarter worth approximately $13,622,000. Alpine Associates Management Inc. acquired a new stake in shares of Thoughtworks in the 3rd quarter worth approximately $8,598,000. 272 Capital LP increased its stake in Thoughtworks by 29.4% in the 2nd quarter. 272 Capital LP now owns 1,423,569 shares of the company’s stock valued at $4,043,000 after purchasing an additional 323,751 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Thoughtworks by 1,585.5% during the second quarter. Victory Capital Management Inc. now owns 194,529 shares of the company’s stock worth $552,000 after purchasing an additional 182,988 shares during the last quarter. 32.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on TWKS. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Thoughtworks in a report on Tuesday, August 6th. Piper Sandler increased 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. Baird R W cut shares of Thoughtworks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $4.40 price target on shares of Thoughtworks in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.18.

Thoughtworks Price Performance

Thoughtworks stock opened at $4.47 on Monday. The stock has a market capitalization of $1.44 billion, a P/E ratio of -14.90 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. 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 firm’s 50-day moving average is $4.44 and its two-hundred day moving average is $3.80.

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.