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

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

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 Stock Down 2.1 %

Shares of TASK opened at $17.26 on Wednesday. The stock’s 50-day moving average price is $14.21 and its 200-day moving average price is $14.01. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 4.67 and a beta of 2.31. TaskUs, Inc. has a 52 week low of $10.56 and a 52 week high of $19.60.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird raised their price target on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Monday, December 9th. Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $18.00 to $21.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced their price target on TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, TaskUs has an average rating of “Hold” and a consensus price target of $17.00.

Institutional Investors Weigh In On TaskUs

Hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in TaskUs in the second quarter valued at $28,000. US Bancorp DE grew its holdings in TaskUs by 101.2% in the third 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. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TaskUs by 55.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock valued at $74,000 after buying an additional 1,988 shares in the last quarter. CWM LLC increased its holdings in TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock worth $97,000 after acquiring an additional 7,516 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in TaskUs by 186.7% during the third quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock worth $122,000 after acquiring an additional 6,140 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.