Janney Montgomery Scott LLC Invests $613,000 in TaskUs, Inc. (NASDAQ:TASK)

Janney Montgomery Scott LLC purchased a new stake in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36,216 shares of the company's stock, valued at approximately $613,000.

Several other large investors have also recently bought and sold shares of the business. Royce & Associates LP raised its position in TaskUs by 8.9% during the third quarter. Royce & Associates LP now owns 669,579 shares of the company's stock valued at $8,651,000 after buying an additional 54,770 shares during the period. Seldon Capital LP acquired a new position in TaskUs in the 3rd quarter worth about $5,393,000. Massachusetts Financial Services Co. MA increased its position in TaskUs by 12.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 396,274 shares of the company's stock worth $5,120,000 after purchasing an additional 42,750 shares during the last quarter. SG Americas Securities LLC increased its position in TaskUs by 217.0% in the 4th quarter. SG Americas Securities LLC now owns 350,719 shares of the company's stock worth $5,941,000 after purchasing an additional 240,093 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in TaskUs by 47.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company's stock worth $3,407,000 after purchasing an additional 84,988 shares during the last quarter. 44.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TASK. 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 report on Friday, November 8th. Bank of America raised TaskUs from a "neutral" rating to a "buy" rating and set a $18.00 target price on the stock in a research report on Monday, December 9th. Finally, Morgan Stanley raised TaskUs from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $18.00 to $21.00 in a research report on Friday, December 13th. One investment 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. Based on data from MarketBeat.com, TaskUs has an average rating of "Hold" and a consensus price target of $17.00.

TaskUs Trading Down 2.5 %

NASDAQ:TASK traded down $0.39 during trading hours on Wednesday, hitting $15.31. 419,513 shares of the company were exchanged, compared to its average volume of 285,950. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 4.19 and a beta of 2.21. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs, Inc. has a one year low of $10.56 and a one year high of $19.60. The company has a fifty day simple moving average of $16.38 and a 200 day simple moving average of $14.56.

Insider Transactions at TaskUs

In related news, COO Stephan Daoust sold 62,159 shares of the business's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Steven Amaya sold 2,600 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $18.08, for a total value of $47,008.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,338 shares of company stock valued at $2,548,902. Corporate insiders own 29.26% of the company's stock.

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.