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

TaskUs, Inc. (NASDAQ:TASK) CAO Steven Amaya sold 75,579 shares of TaskUs 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 transaction was disclosed in a document filed with the SEC, which is available at this link.

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

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

TaskUs Stock Down 7.9 %

Shares of TaskUs stock opened at $15.90 on Thursday. TaskUs, Inc. has a 1-year low of $10.56 and a 1-year high of $19.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The company 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. The business has a 50-day moving average of $14.28 and a 200-day moving average of $14.02.

Wall Street Analyst Weigh In

TASK has been the subject of a number of research reports. Morgan Stanley upgraded TaskUs from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $18.00 to $21.00 in a research note on Friday, December 13th. Robert W. Baird upped their price target on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their price objective on shares of 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 raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.00.

Hedge Funds Weigh In On TaskUs

Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 buying an additional 1,988 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of TaskUs during the second quarter worth $28,000. LSV Asset Management bought a new position in TaskUs during the 2nd quarter worth approximately $990,000. American Century Companies Inc. grew its holdings in shares of TaskUs by 11.4% in the 2nd quarter. American Century Companies Inc. now owns 27,976 shares of the company’s stock valued at $372,000 after buying an additional 2,863 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of TaskUs by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock worth $5,224,000 after acquiring an additional 51,935 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

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.