Charles Schwab Investment Management Inc. Acquires 37,641 Shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS)

Charles Schwab Investment Management Inc. grew its holdings in shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS) by 4.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 822,971 shares of the company’s stock after purchasing an additional 37,641 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Thoughtworks were worth $3,638,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Algert Global LLC bought a new position in Thoughtworks during the second quarter worth $33,000. Catalina Capital Group LLC raised its holdings in shares of Thoughtworks by 67.5% during the second quarter. Catalina Capital Group LLC now owns 17,439 shares of the company’s stock valued at $50,000 after purchasing an additional 7,026 shares during the period. SG Americas Securities LLC bought a new position in shares of Thoughtworks during the 2nd quarter worth about $71,000. Hsbc Holdings PLC grew its stake in shares of Thoughtworks by 69.9% in the 2nd quarter. Hsbc Holdings PLC now owns 29,428 shares of the company’s stock valued at $84,000 after buying an additional 12,107 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Thoughtworks by 49.8% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 32.81% of the company’s stock.

Thoughtworks Price Performance

TWKS stock opened at $4.47 on Friday. The stock’s 50 day simple moving average is $4.46 and its 200 day simple moving average is $3.90. The company has a market cap of $1.44 billion, a P/E ratio of -14.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.59 and a current ratio of 2.59. Thoughtworks Holding, Inc. has a fifty-two week low of $2.19 and a fifty-two 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.