15,618 Shares in TaskUs, Inc. (NASDAQ:TASK) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,618 shares of the company's stock, valued at approximately $265,000.

Other hedge funds also recently bought and sold shares of the company. Balyasny Asset Management L.P. increased its stake in TaskUs by 108.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 47,838 shares of the company's stock valued at $810,000 after purchasing an additional 24,834 shares in the last quarter. Bank of America Corp DE raised its stake in shares of TaskUs by 95.8% in the fourth quarter. Bank of America Corp DE now owns 68,783 shares of the company's stock valued at $1,165,000 after acquiring an additional 33,661 shares during the period. BNP Paribas Financial Markets purchased a new position in TaskUs in the 4th quarter worth about $80,000. Ameriprise Financial Inc. grew its holdings in TaskUs by 7.9% during the 4th quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company's stock worth $16,223,000 after acquiring an additional 69,704 shares in the last quarter. Finally, PDT Partners LLC grew its position in shares of TaskUs by 6.8% in the 4th quarter. PDT Partners LLC now owns 45,189 shares of the company's stock worth $766,000 after buying an additional 2,893 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company's stock.

Insider Transactions at TaskUs

In other news, insider Jarrod Johnson sold 21,437 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.60, for a total value of $291,543.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 30.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TASK shares. Royal Bank of Canada lowered their target price on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Baird R W cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. William Blair cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Robert W. Baird cut shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price for the company. in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $16.86.

TaskUs Stock Up 0.3%

Shares of TASK traded up $0.05 on Tuesday, hitting $16.72. The company's stock had a trading volume of 379,304 shares, compared to its average volume of 312,991. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 3.92 and a beta of 2.16. The firm's fifty day moving average price is $13.87 and its 200-day moving average price is $14.96. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $19.60.

TaskUs (NASDAQ:TASK - Get Free Report) last released its 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 company had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. On average, equities research analysts expect that TaskUs, Inc. will post 0.9 EPS for the current year.

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.