TaskUs, Inc. (NASDAQ:TASK) Shares Sold by Seldon Capital LP

Seldon Capital LP lessened its position in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 387,318 shares of the company's stock after selling 30,110 shares during the quarter. TaskUs makes up 2.7% of Seldon Capital LP's holdings, making the stock its 11th biggest position. Seldon Capital LP owned about 0.43% of TaskUs worth $6,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in TaskUs by 71.5% in 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 stake in shares of TaskUs in the fourth quarter valued at about $81,000. Russell Investments Group Ltd. purchased a new stake in shares of TaskUs during the fourth quarter worth about $115,000. Harbour Capital Advisors LLC acquired a new position in shares of TaskUs during the 4th quarter worth about $266,000. Finally, Jane Street Group LLC lifted its position in shares of TaskUs by 9.9% in the third quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock valued at $281,000 after acquiring an additional 1,959 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their target price on shares of TaskUs from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, TaskUs presently has a consensus rating of "Hold" and an average target price of $17.86.

TaskUs Trading Up 1.5 %

Shares of TASK stock traded up $0.20 on Friday, hitting $13.69. 222,401 shares of the stock traded hands, compared to its average volume of 268,188. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. TaskUs, Inc. has a twelve month low of $10.57 and a twelve month high of $19.60. The firm's 50-day moving average price is $13.44 and its two-hundred day moving average price is $14.56. The stock has a market capitalization of $1.23 billion, a PE ratio of 23.19, a PEG ratio of 3.92 and a beta of 2.17.

TaskUs (NASDAQ:TASK - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). The firm 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, analysts anticipate that TaskUs, Inc. will post 0.9 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jarrod Johnson sold 21,437 shares of the business's stock in a transaction dated 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 SEC, which can be accessed through the SEC website. 29.26% of the stock is owned by insiders.

TaskUs 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.