Jane Street Group LLC Has $281,000 Stock Holdings in TaskUs, Inc. (NASDAQ:TASK)

Jane Street Group LLC raised its stake in TaskUs, Inc. (NASDAQ:TASK) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,761 shares of the company’s stock after acquiring an additional 1,959 shares during the period. Jane Street Group LLC’s holdings in TaskUs were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in shares of TaskUs by 101.2% in the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock valued at $65,000 after purchasing an additional 2,516 shares during the last quarter. CWM LLC increased its stake in shares of TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after purchasing an additional 7,516 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of TaskUs by 186.7% in the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock valued at $122,000 after purchasing an additional 6,140 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of TaskUs in the 3rd quarter valued at $139,000. Finally, Olympiad Research LP bought a new position in shares of TaskUs in the 3rd quarter valued at $143,000. 44.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TASK shares. Robert W. Baird lifted their price target on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Bank of America upgraded TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Monday, December 9th. Finally, Morgan Stanley upgraded TaskUs from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $21.00 in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, TaskUs presently has an average rating of “Hold” and a consensus target price of $17.00.

TaskUs Stock Down 2.2 %

Shares of TASK opened at $15.22 on Friday. The company has a market capitalization of $1.36 billion, a PE ratio of 25.80, a PEG ratio of 4.67 and a beta of 2.23. TaskUs, Inc. has a 12 month low of $10.56 and a 12 month high of $19.60. The stock’s 50-day moving average price is $15.70 and its two-hundred day moving average price is $14.34. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50.

Insiders Place Their Bets

In other news, COO Stephan Daoust sold 62,159 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $18.23, for a total value of $1,133,158.57. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Steven Amaya sold 2,600 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $18.08, for a total value of $47,008.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,338 shares of company stock valued at $2,548,902. 29.26% of the stock is currently owned by company insiders.

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.