TaskUs, Inc. (NASDAQ:TASK) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 23.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 233,249 shares of the company's stock after selling 73,393 shares during the period. Marshall Wace LLP owned approximately 0.26% of TaskUs worth $3,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in TaskUs by 71.5% during the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after acquiring an additional 699 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in TaskUs in the fourth quarter valued at approximately $81,000. Russell Investments Group Ltd. purchased a new position in TaskUs in the fourth quarter valued at approximately $115,000. Harbour Capital Advisors LLC acquired a new stake in TaskUs during the fourth quarter worth approximately $266,000. Finally, Jane Street Group LLC raised its holdings in TaskUs by 9.9% during the third 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. Institutional investors and hedge funds own 44.64% of the company's stock.

Insider Buying and Selling

In other TaskUs 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 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. Corporate insiders own 30.63% of the company's stock.

TaskUs Stock Performance

NASDAQ TASK traded up $0.09 on Thursday, reaching $14.05. The stock had a trading volume of 23,253 shares, compared to its average volume of 267,819. 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 stock has a market cap of $1.26 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 3.92 and a beta of 2.17. The business's 50-day moving average price is $13.38 and its 200 day moving average price is $14.62. TaskUs, Inc. has a 12-month low of $10.57 and a 12-month high of $19.60.

TaskUs (NASDAQ:TASK - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The business had revenue of $274.24 million during the quarter, compared to analysts' expectations of $268.65 million. As a group, equities analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

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