TaskUs, Inc. (NASDAQ:TASK) CAO Sells $47,008.00 in Stock

TaskUs, Inc. (NASDAQ:TASK) CAO Steven Amaya sold 2,600 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.08, for a total transaction of $47,008.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, December 13th, Steven Amaya sold 75,579 shares of TaskUs stock. The stock was sold at an average price of $18.11, for a total transaction of $1,368,735.69.

TaskUs Price Performance

Shares of NASDAQ TASK opened at $16.09 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. TaskUs, Inc. has a 1-year low of $10.56 and a 1-year high of $19.60. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 4.67 and a beta of 2.31. The business has a 50-day moving average of $14.37 and a 200-day moving average of $14.04.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TASK. JPMorgan Chase & Co. lowered their price objective 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. Bank of America raised TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Monday, December 9th. Robert W. Baird raised their price objective on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a research note on Friday, December 13th. One investment 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Hedge Funds Weigh In On TaskUs

A number of institutional investors and hedge funds have recently bought and sold shares of TASK. Royce & Associates LP lifted its position in shares of 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 in the last quarter. Dalton Investments Inc. increased its stake in TaskUs by 2.5% during the 2nd quarter. Dalton Investments Inc. now owns 636,458 shares of the company’s stock worth $8,471,000 after buying an additional 15,300 shares during the period. Renaissance Technologies LLC lifted its holdings in TaskUs by 12.8% in the 2nd 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 in the last quarter. Seldon Capital LP purchased a new position in TaskUs in the 3rd quarter valued at about $5,393,000. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of TaskUs by 12.1% during the third 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 in 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.