Jarrod Johnson Sells 21,437 Shares of TaskUs, Inc. (NASDAQ:TASK) Stock

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 21,437 shares of TaskUs stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jarrod Johnson also recently made the following trade(s):

• On Tuesday, March 11th, Jarrod Johnson sold 15,460 shares of TaskUs stock. The stock was sold at an average price of $13.25, for a total transaction of $204,845.00.

TaskUs Stock Down 1.2 %

Shares of TASK opened at $13.38 on Friday. TaskUs, Inc. has a 52 week low of $10.56 and a 52 week high of $19.60. The firm has a market cap of $1.20 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24. The firm’s 50-day simple moving average is $15.13 and its 200 day simple moving average is $14.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.22 EPS 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 company had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. On average, analysts forecast that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its holdings in TaskUs by 47.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock valued at $3,407,000 after purchasing an additional 84,988 shares during the period. Seldon Capital LP bought a new stake in TaskUs in the 3rd quarter valued at about $5,393,000. JPMorgan Chase & Co. bought a new stake in TaskUs in the 3rd quarter valued at about $1,006,000. Janney Montgomery Scott LLC bought a new stake in TaskUs in the 4th quarter valued at about $613,000. Finally, Vontobel Holding Ltd. bought a new stake in TaskUs in the 4th quarter valued at about $338,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $21.00 in a research note on Friday, December 13th. Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, December 9th. Finally, Royal Bank of Canada boosted their price objective 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, TaskUs has an average rating of “Hold” and an average target price of $17.86.

About TaskUs

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.