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

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 21,437 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.60, for a total transaction of $291,543.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 NASDAQ:TASK opened at $13.54 on Friday. The stock has a market cap of $1.22 billion, a PE ratio of 22.95, a PEG ratio of 3.92 and a beta of 2.24. The company’s fifty day moving average is $15.16 and its 200 day moving average is $14.49. 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.

TaskUs (NASDAQ:TASK) last issued its earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The business had revenue of $274.24 million during the quarter, compared to analysts’ expectations of $268.65 million. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. Research analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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. Morgan Stanley upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $21.00 in a research report on Friday, December 13th. Finally, Royal Bank of Canada raised their price objective 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, TaskUs presently has a consensus rating of “Hold” and a consensus target price of $17.86.

Hedge Funds Weigh In On TaskUs

A number of large investors have recently added to or reduced their stakes in the business. Think Investments LP raised its position in TaskUs by 14.5% in the 4th quarter. Think Investments LP now owns 2,881,513 shares of the company’s stock worth $48,813,000 after purchasing an additional 364,608 shares during the period. Ameriprise Financial Inc. grew its holdings in TaskUs by 7.9% in the 4th quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company’s stock worth $16,223,000 after acquiring an additional 69,704 shares during the last quarter. Royce & Associates LP grew its holdings in TaskUs by 10.9% in the 4th quarter. Royce & Associates LP now owns 742,679 shares of the company’s stock worth $12,581,000 after acquiring an additional 73,100 shares during the last quarter. Renaissance Technologies LLC grew its holdings in TaskUs by 7.0% in the 4th quarter. Renaissance Technologies LLC now owns 497,623 shares of the company’s stock worth $8,430,000 after acquiring an additional 32,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in TaskUs by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 471,011 shares of the company’s stock worth $7,979,000 after acquiring an additional 23,713 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.