Vontobel Holding Ltd. bought a new position in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,978 shares of the company's stock, valued at approximately $338,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in TaskUs by 71.5% in the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after purchasing an additional 699 shares during the period. US Bancorp DE grew 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 buying an additional 2,516 shares during the period. CWM LLC grew 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 buying an additional 7,516 shares during the period. Quantbot Technologies LP increased its position in 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 buying an additional 6,140 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in TaskUs during the 3rd quarter worth approximately $139,000. Institutional investors and hedge funds own 44.64% of the company's stock.
TaskUs Stock Down 1.6 %
Shares of TaskUs stock traded down $0.24 on Friday, reaching $14.37. The company's stock had a trading volume of 525,658 shares, compared to its average volume of 305,034. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 4.02 and a beta of 2.21. The firm's fifty day simple moving average is $16.31 and its two-hundred day simple moving average is $14.53. TaskUs, Inc. has a 52 week low of $10.56 and a 52 week high of $19.60. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50.
Insider Activity at TaskUs
In other news, CAO Steven Amaya sold 75,579 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $18.11, for a total value of $1,368,735.69. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Stephan Daoust sold 62,159 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $18.23, for a total value of $1,133,158.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,338 shares of company stock worth $2,548,902. Corporate insiders own 29.26% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on TASK. Robert W. Baird boosted their price target 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 boosted their price target 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 price target for the company in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $17.00.
Read Our Latest Report on TASK
About TaskUs
(
Free Report)
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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