TaskUs, Inc. (NASDAQ:TASK) CAO Sells $1,368,735.69 in Stock

TaskUs, Inc. (NASDAQ:TASK) CAO Steven Amaya sold 75,579 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $18.11, for a total transaction of $1,368,735.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Steven Amaya also recently made the following trade(s):

• On Monday, December 16th, Steven Amaya sold 2,600 shares of TaskUs stock. The stock was sold at an average price of $18.08, for a total value of $47,008.00.

TaskUs Stock Down 2.1 %

NASDAQ TASK traded down $0.37 during trading hours on Tuesday, reaching $17.26. 248,134 shares of the company traded hands, compared to its average volume of 225,085. The stock has a market capitalization of $1.54 billion, a PE ratio of 29.25, a PEG ratio of 4.67 and a beta of 2.31. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs, Inc. has a 12 month low of $10.56 and a 12 month high of $19.60. The company has a 50 day moving average of $14.21 and a two-hundred day moving average of $14.01.

Hedge Funds Weigh In On TaskUs

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in TaskUs by 9.9% in the third quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock worth $281,000 after acquiring an additional 1,959 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TaskUs by 55.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after purchasing an additional 1,988 shares during the period. nVerses Capital LLC bought a new stake in shares of TaskUs in the 2nd quarter worth approximately $28,000. US Bancorp DE boosted its position in TaskUs by 101.2% during the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock valued at $65,000 after purchasing an additional 2,516 shares during the period. Finally, Hsbc Holdings PLC grew its stake in TaskUs by 19.7% during the 2nd quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock worth $225,000 after buying an additional 2,779 shares during the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

Wall Street Analysts Forecast Growth

TASK has been the topic of several recent research reports. Bank of America raised TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Robert W. Baird lifted their price target on shares of TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Morgan Stanley raised shares of TaskUs from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $21.00 in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.00.

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.