Stephan Daoust Sells 62,159 Shares of TaskUs, Inc. (NASDAQ:TASK) Stock

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

TaskUs Price Performance

TaskUs stock opened at $15.90 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. TaskUs, Inc. has a one year low of $10.56 and a one year high of $19.60. The company has a market cap of $1.42 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 4.67 and a beta of 2.31. The business has a fifty day moving average of $14.28 and a two-hundred day moving average of $14.02.

Analysts Set New Price Targets

TASK has been the topic of several analyst reports. Bank of America upgraded 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. Morgan Stanley upgraded shares of 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 report on Friday, December 13th. Robert W. Baird upped their price objective on shares of TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. reduced their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, TaskUs has an average rating of “Hold” and an average price target of $17.00.

Institutional Trading of TaskUs

Several hedge funds and other institutional investors have recently made changes to their positions in TASK. Royce & Associates LP increased its holdings in TaskUs by 8.9% in the third quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock valued at $8,651,000 after buying an additional 54,770 shares in the last quarter. Dalton Investments Inc. grew its holdings in shares of TaskUs by 2.5% in the 2nd quarter. Dalton Investments Inc. now owns 636,458 shares of the company’s stock worth $8,471,000 after acquiring an additional 15,300 shares during the period. Renaissance Technologies LLC increased its stake in TaskUs by 12.8% in the 2nd quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock valued at $5,863,000 after purchasing an additional 50,000 shares in the last quarter. Seldon Capital LP acquired a new position in TaskUs during the third quarter worth $5,393,000. Finally, Massachusetts Financial Services Co. MA boosted its position in TaskUs by 12.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 396,274 shares of the company’s stock worth $5,120,000 after purchasing an additional 42,750 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.