Stephan Daoust Sells 62,159 Shares of TaskUs, Inc. (NASDAQ:TASK) Stock

TaskUs, Inc. (NASDAQ:TASK) COO Stephan Daoust sold 62,159 shares of TaskUs stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $18.23, for a total value of $1,133,158.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

TaskUs Trading Down 7.9 %

Shares of TASK stock opened at $15.90 on Thursday. The company has a market capitalization of $1.42 billion, a P/E ratio of 26.95, a P/E/G ratio of 4.67 and a beta of 2.31. TaskUs, Inc. has a 12-month low of $10.56 and a 12-month high of $19.60. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $14.28 and a 200 day moving average price of $14.02.

Institutional Trading of TaskUs

Several hedge funds have recently modified their holdings of TASK. Jane Street Group LLC grew its position in TaskUs by 9.9% during the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock worth $281,000 after acquiring an additional 1,959 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TaskUs by 55.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after purchasing an additional 1,988 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of TaskUs during the second quarter worth $28,000. US Bancorp DE grew its holdings in shares of TaskUs by 101.2% during the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after purchasing an additional 2,516 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of TaskUs by 19.7% in the second quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock valued at $225,000 after buying an additional 2,779 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on TASK shares. Bank of America raised TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Monday, December 9th. Morgan Stanley upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $21.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. dropped their price objective on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, Robert W. Baird lifted their target price on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, TaskUs has a consensus rating of “Hold” and an average target price of $17.00.

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.