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

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 21,437 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The sale was disclosed in a filing with the SEC, which can be accessed through 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 Price Performance

Shares of NASDAQ:TASK traded down $0.16 on Thursday, hitting $13.54. The stock had a trading volume of 199,810 shares, compared to its average volume of 255,095. TaskUs, Inc. has a twelve month low of $10.56 and a twelve month high of $19.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. The firm’s 50 day moving average price is $15.20 and its 200-day moving average price is $14.49. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in TaskUs by 71.5% during the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after buying an additional 699 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in TaskUs during the 4th quarter worth about $80,000. KLP Kapitalforvaltning AS acquired a new position in TaskUs during the 4th quarter worth about $81,000. Point72 Asset Management L.P. acquired a new position in TaskUs during the 4th quarter valued at about $83,000. Finally, Russell Investments Group Ltd. acquired a new position in TaskUs during the 4th quarter valued at about $115,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TASK shares. Morgan Stanley upgraded TaskUs from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $18.00 to $21.00 in a report on Friday, December 13th. 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 note on Monday, December 9th. Finally, Royal Bank of Canada raised their price objective on shares of TaskUs from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.86.

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.