Nkcfo LLC Purchases Shares of 20,000 TaskUs, Inc. (NASDAQ:TASK)

Nkcfo LLC acquired a new position in TaskUs, Inc. (NASDAQ:TASK - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,000 shares of the company's stock, valued at approximately $339,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in TaskUs by 71.5% in the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after buying an additional 699 shares in the last quarter. US Bancorp DE raised its stake in shares of TaskUs by 101.2% in the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company's stock valued at $65,000 after purchasing an additional 2,516 shares in the last quarter. CWM LLC raised its stake in shares of TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company's stock valued at $97,000 after purchasing an additional 7,516 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of TaskUs by 186.7% in the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company's stock valued at $122,000 after purchasing an additional 6,140 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of TaskUs in the 3rd quarter valued at about $139,000. Institutional investors and hedge funds own 44.64% of the company's stock.

Insider Buying and Selling at TaskUs

In other TaskUs news, COO Stephan Daoust sold 62,159 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were 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 SEC, which is accessible through this hyperlink. Also, CAO Steven Amaya sold 2,600 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $18.08, for a total transaction of $47,008.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,338 shares of company stock worth $2,548,902. 29.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TASK. Robert W. Baird upped their target price on shares of TaskUs from $16.00 to $20.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Morgan Stanley upgraded shares of TaskUs from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $18.00 to $21.00 in a research note on Friday, December 13th. Finally, Bank of America upgraded shares of TaskUs from a "neutral" rating to a "buy" rating and set a $18.00 target price on the stock in a research note on Monday, December 9th. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $17.00.

TaskUs Stock Performance

Shares of NASDAQ:TASK traded down $0.04 during trading on Wednesday, reaching $15.00. 493,067 shares of the company's stock traded hands, compared to its average volume of 293,221. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. TaskUs, Inc. has a 12 month low of $10.56 and a 12 month high of $19.60. The company has a 50 day moving average of $16.34 and a 200-day moving average of $14.53. The stock has a market capitalization of $1.34 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 4.26 and a beta of 2.21.

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.