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

TaskUs, Inc. (NASDAQ:TASK) CAO Steven Amaya sold 2,600 shares of TaskUs stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.08, for a total value of $47,008.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $18.11, for a total transaction of $1,368,735.69.

TaskUs Price Performance

TASK stock opened at $15.90 on Thursday. 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 firm has a market capitalization of $1.42 billion, a PE ratio of 26.95, a P/E/G ratio of 4.67 and a beta of 2.31. TaskUs, Inc. has a one year low of $10.56 and a one year high of $19.60. The firm has a 50-day moving average of $14.28 and a two-hundred day moving average of $14.02.

Wall Street Analysts Forecast Growth

TASK has been the topic of several recent research reports. 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 report on Monday, December 9th. Robert W. Baird boosted their price objective on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, TaskUs has an average rating of “Hold” and a consensus target price of $17.00.

Institutional Trading of TaskUs

Large investors have recently added to or reduced their stakes in the company. Royce & Associates LP grew its stake in TaskUs by 8.9% during the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock valued at $8,651,000 after acquiring an additional 54,770 shares in the last quarter. Dalton Investments Inc. boosted its stake in shares of TaskUs by 2.5% during the 2nd quarter. Dalton Investments Inc. now owns 636,458 shares of the company’s stock valued at $8,471,000 after buying an additional 15,300 shares during the period. Renaissance Technologies LLC grew its holdings in shares of TaskUs by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock valued at $5,863,000 after acquiring an additional 50,000 shares in the last quarter. Seldon Capital LP acquired a new position in shares of TaskUs in the third quarter worth $5,393,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of 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 acquiring an additional 42,750 shares in the last quarter. 44.64% of the stock is owned by institutional investors and hedge funds.

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.