TaskUs, Inc. (NASDAQ:TASK) Insider Jarrod Johnson Sells 21,437 Shares of Stock

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 21,437 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Jarrod Johnson also recently made the following trade(s):

• On Tuesday, March 11th, Jarrod Johnson sold 15,460 shares of TaskUs stock. The shares were sold at an average price of $13.25, for a total transaction of $204,845.00.

TaskUs Trading Down 1.2 %

Shares of TASK opened at $13.54 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 50 day simple moving average of $15.16 and a two-hundred day simple moving average of $14.49. The firm has a market cap of $1.22 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The company had revenue of $274.24 million for the quarter, compared to analysts’ expectations of $268.65 million. On average, equities analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of TaskUs by 22.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,841 shares of the company’s stock valued at $1,132,000 after purchasing an additional 12,080 shares in the last quarter. Woodline Partners LP purchased a new position in shares of TaskUs in the fourth quarter valued at $277,000. Two Sigma Advisers LP grew its holdings in shares of TaskUs by 26.8% in the fourth quarter. Two Sigma Advisers LP now owns 264,800 shares of the company’s stock valued at $4,486,000 after purchasing an additional 55,900 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of TaskUs by 25.5% in the fourth quarter. Two Sigma Investments LP now owns 281,864 shares of the company’s stock valued at $4,775,000 after purchasing an additional 57,248 shares in the last quarter. Finally, Think Investments LP grew its holdings in shares of TaskUs by 14.5% in the fourth quarter. Think Investments LP now owns 2,881,513 shares of the company’s stock valued at $48,813,000 after purchasing an additional 364,608 shares in the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TASK shares. Morgan Stanley upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $18.00 to $21.00 in a research note on Friday, December 13th. Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, December 9th. Finally, Royal Bank of Canada increased their price objective on shares of TaskUs from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.86.

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.