TaskUs, Inc. (NASDAQ:TASK) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 32.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,045 shares of the company's stock after purchasing an additional 25,173 shares during the quarter. JPMorgan Chase & Co. owned about 0.12% of TaskUs worth $1,746,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Blue Trust Inc. grew its stake in shares of TaskUs by 71.5% during the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after acquiring an additional 699 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in TaskUs during the fourth quarter valued at $81,000. Harbour Capital Advisors LLC acquired a new position in shares of TaskUs in the 4th quarter valued at about $266,000. Jane Street Group LLC boosted its position in TaskUs by 9.9% in the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock worth $281,000 after purchasing an additional 1,959 shares in the last quarter. Finally, Barclays PLC boosted its holdings in TaskUs by 24.9% during the third quarter. Barclays PLC now owns 24,774 shares of the company's stock worth $321,000 after buying an additional 4,945 shares in the last quarter. 44.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jarrod Johnson sold 21,437 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.63% of the stock is owned by company insiders.

TaskUs Price Performance

TaskUs stock traded down $0.34 during trading on Wednesday, reaching $13.96. The company had a trading volume of 264,818 shares, compared to its average volume of 268,781. 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 simple moving average is $13.38 and its 200 day simple moving average is $14.62. The firm has a market capitalization of $1.26 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 3.92 and a beta of 2.17. TaskUs, Inc. has a 1-year low of $10.57 and a 1-year high of $19.60.

TaskUs (NASDAQ:TASK - Get Free Report) last announced 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). The company 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%. As a group, equities research analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their price objective on shares of TaskUs from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.