Occudo Quantitative Strategies LP Sells 15,712 Shares of TaskUs, Inc. (NASDAQ:TASK)

Occudo Quantitative Strategies LP cut its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 54.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,254 shares of the company's stock after selling 15,712 shares during the quarter. Occudo Quantitative Strategies LP's holdings in TaskUs were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TASK. Blue Trust Inc. raised its position in shares of TaskUs by 71.5% in the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock valued at $28,000 after purchasing an additional 699 shares during the period. BNP Paribas Financial Markets acquired a new stake in TaskUs during the fourth quarter worth approximately $80,000. KLP Kapitalforvaltning AS bought a new stake in shares of TaskUs during the fourth quarter worth approximately $81,000. Russell Investments Group Ltd. bought a new position in shares of TaskUs during the fourth quarter worth approximately $115,000. Finally, Lazard Asset Management LLC increased its stake in shares of TaskUs by 9.6% during the fourth quarter. Lazard Asset Management LLC now owns 9,972 shares of the company's stock worth $167,000 after purchasing an additional 873 shares during the period. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at TaskUs

In related news, 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 value of $291,543.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 30.63% of the company's stock.

TaskUs Price Performance

NASDAQ TASK traded up $0.05 during trading on Tuesday, hitting $16.72. 379,304 shares of the company's stock were exchanged, compared to its average volume of 312,991. The company has a market cap of $1.49 billion, a PE ratio of 28.34, a P/E/G 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, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $19.60. The stock's 50 day moving average price is $13.87 and its two-hundred day moving average price is $14.96.

TaskUs (NASDAQ:TASK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). The company had revenue of $274.24 million during the quarter, compared to the consensus estimate of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. 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.