TaskUs, Inc. (NASDAQ:TASK) Stock Holdings Lessened by Millennium Management LLC

Millennium Management LLC reduced its holdings in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,676 shares of the company's stock after selling 154,903 shares during the quarter. Millennium Management LLC owned 0.14% of TaskUs worth $2,146,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of TaskUs during the 4th quarter valued at $613,000. Raymond James Financial Inc. purchased a new position in TaskUs in the fourth quarter valued at about $408,000. Vontobel Holding Ltd. acquired a new position in shares of TaskUs during the fourth quarter worth about $338,000. Dimensional Fund Advisors LP lifted its stake in shares of TaskUs by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 471,011 shares of the company's stock worth $7,979,000 after purchasing an additional 23,713 shares in the last quarter. Finally, Nkcfo LLC purchased a new stake in shares of TaskUs in the fourth quarter worth about $339,000. Institutional investors and hedge funds own 44.64% of the company's stock.

Insider Activity at TaskUs

In other TaskUs news, insider Jarrod Johnson sold 21,437 shares of the firm's stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 30.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

TaskUs Stock Down 0.3%

TASK stock traded down $0.05 during midday trading on Tuesday, hitting $16.72. 178,474 shares of the company's stock were exchanged, compared to its average volume of 322,589. The firm has a 50 day moving average price of $14.44 and a 200-day moving average price of $15.07. TaskUs, Inc. has a 12-month low of $10.57 and a 12-month high of $19.60. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 3.92 and a beta of 2.16. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50.

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.