Aquatic Capital Management LLC Cuts Position in TaskUs, Inc. (NASDAQ:TASK)

Aquatic Capital Management LLC trimmed its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 38.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,684 shares of the company’s stock after selling 5,516 shares during the period. Aquatic Capital Management LLC’s holdings in TaskUs were worth $147,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in TaskUs during the 3rd quarter worth about $1,006,000. Janney Montgomery Scott LLC purchased a new stake in TaskUs during the fourth quarter worth about $613,000. Raymond James Financial Inc. acquired a new stake in shares of TaskUs during the fourth quarter worth about $408,000. Vontobel Holding Ltd. purchased a new position in shares of TaskUs in the fourth quarter valued at approximately $338,000. Finally, Nkcfo LLC acquired a new position in shares of TaskUs in the fourth quarter valued at approximately $339,000. 44.64% of the stock is owned by institutional investors and hedge funds.

TaskUs Stock Down 3.5 %

TASK stock opened at $13.51 on Monday. 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 fifty-two week low of $10.57 and a fifty-two week high of $19.60. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 3.92 and a beta of 2.17. The company’s 50 day moving average price is $13.33 and its 200 day moving average price is $14.67.

TaskUs (NASDAQ:TASK) last issued its earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The firm had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. On average, equities research analysts anticipate that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their target price on shares of TaskUs from $18.00 to $20.00 and gave the stock 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.86.

Insider Transactions at TaskUs

In other TaskUs news, insider Jarrod Johnson sold 15,460 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $13.25, for a total transaction of $204,845.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 30.63% of the company’s stock.

TaskUs 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.