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

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 value of $291,543.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $204,845.00.

TaskUs Stock Down 1.2 %

Shares of TaskUs stock opened at $13.38 on Friday. TaskUs, Inc. has a 1 year low of $10.56 and a 1 year high of $19.60. The business has a 50-day moving average of $15.13 and a two-hundred day moving average of $14.50. The company has a market capitalization of $1.20 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24. 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 (NASDAQ:TASK) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12). TaskUs had a return on equity of 17.73% and a net margin of 5.58%. The business had revenue of $274.24 million during the quarter, compared to the consensus estimate of $268.65 million. As a group, equities analysts predict that TaskUs, Inc. will post 0.9 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on TASK. Morgan Stanley upgraded TaskUs from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $21.00 in a report on Friday, December 13th. 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. Finally, Royal Bank of Canada upped their price objective on TaskUs from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, TaskUs has an average rating of “Hold” and a consensus price target of $17.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TASK. Blue Trust Inc. boosted its position in shares of TaskUs by 71.5% during the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after buying an additional 699 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of TaskUs during the fourth quarter worth about $80,000. KLP Kapitalforvaltning AS acquired a new position in shares of TaskUs during the fourth quarter worth about $81,000. Point72 Asset Management L.P. acquired a new position in shares of TaskUs during the fourth quarter worth about $83,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of TaskUs during the fourth quarter worth about $115,000. 44.64% of the stock is owned by institutional investors and hedge funds.

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.