Seldon Capital LP Trims Position in TaskUs, Inc. (NASDAQ:TASK)

Seldon Capital LP trimmed its position in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 387,318 shares of the company's stock after selling 30,110 shares during the period. TaskUs comprises about 2.7% of Seldon Capital LP's portfolio, making the stock its 11th biggest position. Seldon Capital LP owned 0.43% of TaskUs worth $6,561,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TASK. Jane Street Group LLC grew its position in shares of TaskUs by 9.9% in the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock valued at $281,000 after buying an additional 1,959 shares during the last quarter. Barclays PLC increased its position in shares of TaskUs by 24.9% during the third quarter. Barclays PLC now owns 24,774 shares of the company's stock worth $321,000 after purchasing an additional 4,945 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of TaskUs in the 3rd quarter valued at about $1,006,000. Graypoint LLC acquired a new stake in shares of TaskUs in the 4th quarter valued at about $342,000. Finally, Harbour Capital Advisors LLC purchased a new position in TaskUs during the 4th quarter worth approximately $266,000. Hedge funds and other institutional investors own 44.64% of the company's stock.

Insider Transactions at TaskUs

In related news, insider Jarrod Johnson sold 21,437 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 29.26% of the company's stock.

TaskUs Stock Performance

TASK traded up $0.05 during trading on Wednesday, hitting $13.13. The stock had a trading volume of 263,059 shares, compared to its average volume of 268,666. The firm has a market capitalization of $1.18 billion, a P/E ratio of 22.25, a PEG ratio of 3.92 and a beta of 2.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. TaskUs, Inc. has a twelve month low of $10.57 and a twelve month high of $19.60. The company's 50-day moving average price is $13.49 and its 200 day moving average price is $14.55.

TaskUs (NASDAQ:TASK - Get Free Report) last announced 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 firm had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. On average, equities research analysts forecast that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.