Insider Selling: TaskUs, Inc. (NASDAQ:TASK) CAO Sells 2,600 Shares of Stock

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) CAO Steven Amaya sold 2,600 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.08, for a total value of $47,008.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Steven Amaya also recently made the following trade(s):

• On Friday, December 13th, Steven Amaya sold 75,579 shares of TaskUs stock. The stock was sold at an average price of $18.11, for a total transaction of $1,368,735.69.

TaskUs Price Performance

Shares of TASK traded down $0.37 during midday trading on Tuesday, reaching $17.26. The stock had a trading volume of 248,134 shares, compared to its average volume of 225,085. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 4.67 and a beta of 2.31. The company's 50-day moving average is $14.21 and its 200 day moving average is $14.01. TaskUs, Inc. has a 12-month low of $10.56 and a 12-month high of $19.60.

Wall Street Analyst Weigh In

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

Institutional Trading of TaskUs

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in shares of TaskUs by 9.9% in the third quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock worth $281,000 after buying an additional 1,959 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TaskUs by 55.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company's stock valued at $74,000 after buying an additional 1,988 shares during the period. nVerses Capital LLC bought a new stake in TaskUs in the 2nd quarter worth $28,000. US Bancorp DE increased its position in shares of TaskUs by 101.2% in the third quarter. US Bancorp DE now owns 5,001 shares of the company's stock valued at $65,000 after acquiring an additional 2,516 shares during the period. Finally, Hsbc Holdings PLC increased its position 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 acquiring an additional 2,779 shares during the period. 44.64% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.