TWKS overperforms with a 6.63 increase in share price

While Thoughtworks Holding Inc has overperformed by 6.63%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TWKS fell by -52.97%, with highs and lows ranging from $11.57 to $3.18, whereas the simple moving average fell by -8.35% in the last 200 days.

On January 02, 2024, Robert W. Baird Upgraded Thoughtworks Holding Inc (NASDAQ: TWKS) to Outperform.

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Analysis of Thoughtworks Holding Inc (TWKS)

Further, the quarter-over-quarter decrease in sales is -15.73%, showing a negative trend in the upcoming months.

Thoughtworks Holding Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -4.02% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

For any stock, average volume can be an extremely valuable indicator of volatility, and TWKS is registering an average volume of 848.36K. On a monthly basis, the volatility of the stock is set at 4.03%, whereas on a weekly basis, it is put at 5.04%, with a gain of 15.73% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.50, showing growth from the present price of $5.15, which can serve as yet another indication of whether TWKS is worth investing in or should be passed over.

How Do You Analyze Thoughtworks Holding Inc Shares?

Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 71.38%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 25.32% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in TWKS shares?

The recent increase in stakes in TWKS appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc. made another increased to its shares in TWKS during the first quarter, upping its stake by 5.39%. During the last quarter, the company dropped down 551,937 additional shares for a total stake of worth $51.95 million, bringing number of shares owned by the company to 10,800,093.

During the first quarter, Massachusetts Financial Services subtracted a -29,145 position in TWKS. BlackRock Fund Advisors purchased an additional 0.48 million shares in the last quarter, increasing its holdings by 8.84%, now holding 5.88 million shares worth $28.26 million. At the end of the first quarter, Alyeska Investment Group LP increased its TWKS holdings by 854.23% and now holds 5.01 million TWKS shares valued at $24.1 million with the added 4.48 million shares during the period. TWKS shares are owned by institutional investors to the tune of 25.32% at present.

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