TaskUs, Inc. (NASDAQ:TASK) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,764 shares of the company's stock after selling 32,608 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of TaskUs worth $678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TASK. Think Investments LP boosted its position in TaskUs by 14.5% during the 4th quarter. Think Investments LP now owns 2,881,513 shares of the company's stock valued at $48,813,000 after acquiring an additional 364,608 shares in the last quarter. Ameriprise Financial Inc. boosted its position in TaskUs by 7.9% during the 4th quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company's stock valued at $16,223,000 after acquiring an additional 69,704 shares in the last quarter. Royce & Associates LP boosted its position in TaskUs by 10.9% during the 4th quarter. Royce & Associates LP now owns 742,679 shares of the company's stock valued at $12,581,000 after acquiring an additional 73,100 shares in the last quarter. SG Americas Securities LLC boosted its position in TaskUs by 85.9% during the 1st quarter. SG Americas Securities LLC now owns 651,838 shares of the company's stock valued at $8,885,000 after acquiring an additional 301,119 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in TaskUs by 7.0% during the 4th quarter. Renaissance Technologies LLC now owns 497,623 shares of the company's stock valued at $8,430,000 after acquiring an additional 32,500 shares in the last quarter. Institutional investors own 44.64% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TASK shares. William Blair cut TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Royal Bank Of Canada decreased their price objective on TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a report on Monday, May 12th. Robert W. Baird lowered TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 price objective for the company. in a report on Monday, May 12th. Finally, Baird R W lowered TaskUs from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $17.67.

TaskUs Stock Performance

TASK stock traded down $0.08 during midday trading on Wednesday, reaching $17.09. The stock had a trading volume of 208,247 shares, compared to its average volume of 326,465. The stock has a market cap of $1.52 billion, a PE ratio of 28.02 and a beta of 2.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.87 and a current ratio of 2.87. The firm has a fifty day simple moving average of $16.67 and a two-hundred day simple moving average of $15.30. TaskUs, Inc. has a 52-week low of $10.57 and a 52-week high of $19.60.

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.