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

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

TaskUs Stock Performance

TASK opened at $16.09 on Friday. TaskUs, Inc. has a 1-year low of $10.56 and a 1-year high of $19.60. The stock has a market cap of $1.44 billion, a P/E ratio of 27.27, a P/E/G ratio of 4.67 and a beta of 2.31. The stock’s 50 day simple moving average is $14.37 and its 200 day simple moving average is $14.04. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02.

Institutional Trading of TaskUs

Several large investors have recently bought and sold shares of TASK. Jane Street Group LLC boosted its position in shares of TaskUs by 9.9% in the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock worth $281,000 after buying an additional 1,959 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 in the last quarter. nVerses Capital LLC purchased a new stake in shares of TaskUs in the second 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 during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of TaskUs by 19.7% during the 2nd quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock worth $225,000 after purchasing an additional 2,779 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TASK shares. Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, December 9th. Morgan Stanley raised 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 report on Friday, December 13th. Robert W. Baird increased their target price on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their price target on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.