Insider Selling: TaskUs, Inc. (NASDAQ:TASK) Insider Sells 21,437 Shares of Stock

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) insider Jarrod Johnson sold 21,437 shares of the business's stock in a transaction on 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 document filed with the SEC, which is available at this hyperlink.

Jarrod Johnson also recently made the following trade(s):

• On Tuesday, March 11th, Jarrod Johnson sold 15,460 shares of TaskUs stock. The stock was sold at an average price of $13.25, for a total transaction of $204,845.00.

TaskUs Price Performance

Shares of TASK stock traded up $0.23 during trading hours on Monday, reaching $13.61. The company had a trading volume of 178,900 shares, compared to its average volume of 254,319. The stock has a fifty day moving average of $15.13 and a 200-day moving average of $14.51. TaskUs, Inc. has a 12-month low of $10.56 and a 12-month high of $19.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 3.92 and a beta of 2.24.

TaskUs (NASDAQ:TASK - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12). The business had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. On average, equities analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current year.

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Institutional Investors Weigh In On TaskUs

Institutional investors and hedge funds have recently bought and sold shares of the stock. Think Investments LP increased its stake in shares of TaskUs by 14.5% during the 4th quarter. Think Investments LP now owns 2,881,513 shares of the company's stock valued at $48,813,000 after acquiring an additional 364,608 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of TaskUs by 7.9% in the fourth quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company's stock worth $16,223,000 after buying an additional 69,704 shares during the last quarter. Royce & Associates LP raised its position in shares of TaskUs by 10.9% during the 4th quarter. Royce & Associates LP now owns 742,679 shares of the company's stock valued at $12,581,000 after acquiring an additional 73,100 shares in the last quarter. Renaissance Technologies LLC boosted its stake in TaskUs by 7.0% in the fourth quarter. Renaissance Technologies LLC now owns 497,623 shares of the company's stock valued at $8,430,000 after acquiring an additional 32,500 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of TaskUs by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 471,011 shares of the company's stock valued at $7,979,000 after purchasing an additional 23,713 shares during the period. Hedge funds and other institutional investors own 44.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of TaskUs from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $18.00 to $21.00 in a research note on Friday, December 13th. Royal Bank of Canada upped their price target on shares of TaskUs from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. Finally, Bank of America raised 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, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.86.

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.