TaskUs, Inc. (NASDAQ:TASK) COO Sells $1,133,158.57 in Stock

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) COO Stephan Daoust sold 62,159 shares of TaskUs stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TaskUs Price Performance

TASK stock traded down $0.37 during trading on Tuesday, hitting $17.26. The company had a trading volume of 248,134 shares, compared to its average volume of 225,085. The company has a market cap of $1.54 billion, a P/E ratio of 29.25, a P/E/G ratio of 4.67 and a beta of 2.31. The company has a fifty day moving average price of $14.21 and a two-hundred day moving average price of $14.01. TaskUs, Inc. has a fifty-two week low of $10.56 and a fifty-two 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.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley raised shares of TaskUs from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $18.00 to $21.00 in a research note on Friday. Robert W. Baird increased their price objective 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 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 report on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of TaskUs from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $17.00.

Hedge Funds Weigh In On TaskUs

A number of hedge funds and other institutional investors have recently bought and sold shares of TASK. Royce & Associates LP boosted its holdings in TaskUs by 8.9% during the third quarter. Royce & Associates LP now owns 669,579 shares of the company's stock worth $8,651,000 after purchasing an additional 54,770 shares during the last quarter. Dalton Investments Inc. grew its position in shares of TaskUs by 2.5% in the 2nd quarter. Dalton Investments Inc. now owns 636,458 shares of the company's stock valued at $8,471,000 after acquiring an additional 15,300 shares during the period. Renaissance Technologies LLC increased its position in TaskUs by 12.8% during the second quarter. Renaissance Technologies LLC now owns 440,523 shares of the company's stock worth $5,863,000 after buying an additional 50,000 shares during the last quarter. Seldon Capital LP bought a new position in shares of TaskUs during the 3rd quarter worth approximately $5,393,000. Finally, Massachusetts Financial Services Co. MA raised its stake in TaskUs by 12.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 396,274 shares of the company's stock valued at $5,120,000 after acquiring an additional 42,750 shares during the period. 44.64% of the stock is owned by institutional investors.

TaskUs Company 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.

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