TaskUs, Inc. (NASDAQ:TASK) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,774 shares of the company's stock after selling 104,500 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.33% of TaskUs worth $4,943,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TASK. Blue Trust Inc. raised its holdings in shares of TaskUs by 71.5% in the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock valued at $28,000 after buying an additional 699 shares during the period. KLP Kapitalforvaltning AS acquired a new position in TaskUs in the 4th quarter valued at about $81,000. Centiva Capital LP increased its stake in TaskUs by 27.6% during the third quarter. Centiva Capital LP now owns 19,512 shares of the company's stock worth $252,000 after purchasing an additional 4,218 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of TaskUs during the fourth quarter worth about $266,000. Finally, XTX Topco Ltd purchased a new position in shares of TaskUs in the third quarter valued at approximately $269,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TaskUs news, insider Jarrod Johnson sold 21,437 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total value of $291,543.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 29.26% of the stock is owned by corporate insiders.

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TaskUs Stock Up 1.1 %

NASDAQ:TASK traded up $0.14 during trading hours on Friday, hitting $12.47. The company's stock had a trading volume of 256,929 shares, compared to its average volume of 268,216. TaskUs, Inc. has a 52-week low of $10.56 and a 52-week high of $19.60. 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 stock has a market capitalization of $1.12 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 3.92 and a beta of 2.17. The stock has a fifty day moving average of $13.95 and a 200-day moving average of $14.54.

TaskUs (NASDAQ:TASK - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. On average, equities analysts forecast that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

TASK has been the topic of a number of research reports. Royal Bank of Canada increased their target price on shares of TaskUs from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. Morgan Stanley upgraded TaskUs from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $18.00 to $21.00 in a research note on Friday, December 13th. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.86.

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.