14% decrease in Inspire Investing LLC's Thoughtworks Holding, Inc. holdings; Vanguard and Massachusetts Financial Services increase stakes; ongoing acquisition investigation.
Inspire Investing LLC reported a 14% decrease in its holdings of Thoughtworks Holding, Inc. (TWKS), now owning 122,331 shares valued at $347,000. Vanguard and Massachusetts Financial Services increased their stakes. Thoughtworks has a market cap of $1.42 billion, with a recent EPS of -$0.03 and revenue of $251.7 million, below expectations. Analysts recommend a "Hold," with a 12-month target price of $4.18. An investigation is ongoing regarding a proposed acquisition by Apax Funds.
September 25, 2024
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