TaskUs, Inc. (NASDAQ:TASK) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its holdings in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 23.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 233,249 shares of the company's stock after selling 73,393 shares during the quarter. Marshall Wace LLP owned approximately 0.26% of TaskUs worth $3,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Royce & Associates LP grew its position in shares of TaskUs by 10.9% in the fourth quarter. Royce & Associates LP now owns 742,679 shares of the company's stock valued at $12,581,000 after purchasing an additional 73,100 shares in the last quarter. Renaissance Technologies LLC grew its holdings in TaskUs by 7.0% during the 4th quarter. Renaissance Technologies LLC now owns 497,623 shares of the company's stock valued at $8,430,000 after buying an additional 32,500 shares in the last quarter. SG Americas Securities LLC grew its holdings in TaskUs by 217.0% during the 4th quarter. SG Americas Securities LLC now owns 350,719 shares of the company's stock valued at $5,941,000 after buying an additional 240,093 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of TaskUs by 32.3% during the fourth quarter. JPMorgan Chase & Co. now owns 103,045 shares of the company's stock valued at $1,746,000 after buying an additional 25,173 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in shares of TaskUs by 18.8% in the fourth quarter. Teacher Retirement System of Texas now owns 82,372 shares of the company's stock worth $1,395,000 after buying an additional 13,045 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company's stock.

TaskUs Stock Up 2.1 %

TASK stock traded up $0.30 on Tuesday, reaching $14.30. 159,261 shares of the company traded hands, compared to its average volume of 268,374. TaskUs, Inc. has a one year low of $10.57 and a one year high of $19.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market cap of $1.29 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 3.92 and a beta of 2.17. The firm has a fifty day simple moving average of $13.39 and a 200-day simple moving average of $14.63.

TaskUs (NASDAQ:TASK - Get Free Report) last posted its 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). The business had revenue of $274.24 million during the quarter, compared to the consensus estimate of $268.65 million. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. Research analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their target price on TaskUs from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.86.

Insider Activity

In related news, insider Jarrod Johnson sold 21,437 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $13.60, for a total transaction of $291,543.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 30.63% of the company's stock.

TaskUs 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.