Steven Amaya Sells 2,600 Shares of TaskUs, Inc. (NASDAQ:TASK) Stock

TaskUs, Inc. (NASDAQ:TASK) CAO Steven Amaya sold 2,600 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 through 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 Performance

NASDAQ:TASK traded down $0.37 during trading hours on Tuesday, reaching $17.26. The company had a trading volume of 248,134 shares, compared to its average volume of 225,085. 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 business’s 50 day moving average price is $14.21 and its 200-day moving average price is $14.01. The firm has a market cap of $1.54 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 4.67 and a beta of 2.31.

Analyst Upgrades and Downgrades

TASK has been the topic of a number of research analyst reports. 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 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. Morgan Stanley raised shares of TaskUs from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $21.00 in a research note on Friday. Finally, Bank of America raised 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in TaskUs during the 2nd quarter valued at about $28,000. US Bancorp DE grew its position in shares of 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 purchasing an additional 1,988 shares during the last quarter. CWM LLC increased its holdings in shares of TaskUs by 25,053.3% in the third quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after purchasing an additional 7,516 shares during the last quarter. Finally, Quantbot Technologies LP lifted 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 buying an additional 6,140 shares in 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.