Insider Selling: TaskUs, Inc. (NASDAQ:TASK) Insider Sells 15,460 Shares of Stock

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 15,460 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $13.25, for a total transaction of $204,845.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

TaskUs Trading Up 3.4 %

TASK stock opened at $13.67 on Friday. The firm has a fifty day moving average price of $15.34 and a 200 day moving average price of $14.49. TaskUs, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $1.22 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24.

TaskUs (NASDAQ:TASK) last posted its earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The business had revenue of $274.24 million during the quarter, compared to analysts’ expectations of $268.65 million. Sell-side analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TASK. Royal Bank of Canada raised their target price on shares of TaskUs from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. Morgan Stanley upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $21.00 in a research note on Friday, December 13th. Finally, Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of TaskUs by 22.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,841 shares of the company’s stock valued at $1,132,000 after purchasing an additional 12,080 shares in the last quarter. Woodline Partners LP purchased a new position in TaskUs during the fourth quarter worth $277,000. Two Sigma Advisers LP boosted its stake in TaskUs by 26.8% during the fourth quarter. Two Sigma Advisers LP now owns 264,800 shares of the company’s stock worth $4,486,000 after buying an additional 55,900 shares during the period. Two Sigma Investments LP boosted its stake in TaskUs by 25.5% during the fourth quarter. Two Sigma Investments LP now owns 281,864 shares of the company’s stock worth $4,775,000 after buying an additional 57,248 shares during the period. Finally, Think Investments LP boosted its stake in TaskUs by 14.5% during the fourth quarter. Think Investments LP now owns 2,881,513 shares of the company’s stock worth $48,813,000 after buying an additional 364,608 shares during the period. 44.64% of the stock is owned by hedge funds and other institutional investors.

TaskUs Company Profile

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.