Steven Amaya Sells 75,579 Shares of TaskUs, Inc. (NASDAQ:TASK) Stock

TaskUs, Inc. (NASDAQ:TASK) CAO Steven Amaya sold 75,579 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $18.11, for a total value of $1,368,735.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Amaya also recently made the following trade(s):

• On Monday, December 16th, Steven Amaya sold 2,600 shares of TaskUs stock. The shares were sold at an average price of $18.08, for a total value of $47,008.00.

TaskUs Stock Down 2.1 %

TaskUs stock traded down $0.37 during trading on Tuesday, hitting $17.26. 248,134 shares of the company were exchanged, compared to its average volume of 225,085. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $14.21 and its 200 day moving average is $14.01. TaskUs, Inc. has a 52 week low of $10.56 and a 52 week high of $19.60. The company has a market capitalization of $1.54 billion, a P/E ratio of 29.25, a PEG ratio of 4.67 and a beta of 2.31.

Institutional Trading of TaskUs

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in shares of TaskUs in the second quarter worth about $28,000. US Bancorp DE lifted its holdings in shares of TaskUs by 101.2% during 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TaskUs by 55.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after purchasing an additional 1,988 shares in the last quarter. CWM LLC lifted its holdings in shares of TaskUs by 25,053.3% during 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 in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in TaskUs by 186.7% in the third quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock worth $122,000 after purchasing an additional 6,140 shares during the last quarter. 44.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.