TaskUs, Inc. (NASDAQ:TASK) COO Sells $1,133,158.57 in Stock

TaskUs, Inc. (NASDAQ:TASK) COO Stephan Daoust sold 62,159 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $18.23, for a total value of $1,133,158.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TaskUs Price Performance

TaskUs stock opened at $16.09 on Friday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 27.27, a P/E/G ratio of 4.67 and a beta of 2.31. TaskUs, Inc. has a 12-month low of $10.56 and a 12-month high of $19.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The firm’s 50-day moving average is $14.37 and its two-hundred day moving average is $14.04.

Wall Street Analysts Forecast Growth

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

Institutional Trading of TaskUs

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of TaskUs by 24.9% during the 3rd quarter. Barclays PLC now owns 24,774 shares of the company’s stock worth $321,000 after purchasing an additional 4,945 shares during the period. XTX Topco Ltd purchased a new position in TaskUs during the third quarter worth about $269,000. Jane Street Group LLC boosted its stake in TaskUs by 9.9% in the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock worth $281,000 after buying an additional 1,959 shares during the last quarter. Quarry LP grew its holdings in TaskUs by 357.4% in the 3rd quarter. Quarry LP now owns 13,567 shares of the company’s stock valued at $175,000 after buying an additional 10,601 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of TaskUs by 47.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock valued at $3,407,000 after acquiring an additional 84,988 shares during the last quarter. Institutional investors and hedge funds 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.