Jarrod Johnson Sells 25,000 Shares of TaskUs (NASDAQ:TASK) Stock

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 25,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.78, for a total value of $169,500.00. Following the completion of the sale, the insider owned 36,536 shares in the company, valued at $247,714.08. This represents a 40.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jarrod Johnson also recently made the following trade(s):

• On Thursday, April 2nd, Jarrod Johnson sold 11,406 shares of TaskUs stock. The shares were sold at an average price of $6.89, for a total value of $78,587.34.

TaskUs Stock Performance

NASDAQ:TASK opened at $6.94 on Friday. The company has a market cap of $628.49 million, a price-to-earnings ratio of 6.25 and a beta of 2.06. TaskUs, Inc. has a 1 year low of $6.20 and a 1 year high of $18.39. The stock’s 50 day simple moving average is $10.05 and its two-hundred day simple moving average is $12.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.12 and a quick ratio of 3.12.

TaskUs (NASDAQ:TASK) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. TaskUs had a return on equity of 22.52% and a net margin of 8.64%.The firm had revenue of $312.96 million during the quarter, compared to the consensus estimate of $303.68 million. As a group, equities analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

TaskUs Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were paid a $3.65 dividend.

Hedge Funds Weigh In On TaskUs

A number of large investors have recently made changes to their positions in TASK. Allworth Financial LP grew its holdings in TaskUs by 9,224.0% during the 4th quarter. Allworth Financial LP now owns 2,331 shares of the company’s stock valued at $27,000 after purchasing an additional 2,306 shares during the last quarter. Strategic Advocates LLC purchased a new position in shares of TaskUs during the third quarter valued at approximately $41,000. FNY Investment Advisers LLC boosted its position in shares of TaskUs by 40.0% during the fourth quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock valued at $41,000 after buying an additional 1,000 shares during the period. State of Wyoming bought a new position in shares of TaskUs during the fourth quarter valued at approximately $59,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of TaskUs in the second quarter worth approximately $67,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank Of Canada decreased their target price on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 26th. Morgan Stanley dropped their price target on TaskUs from $16.50 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Wall Street Zen downgraded TaskUs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Wedbush lowered their price objective on TaskUs from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Finally, Piper Sandler cut TaskUs to a “neutral” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.25.

About TaskUs

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.