Insider Selling: TaskUs (NASDAQ:TASK) Insider Sells $78,587.34 in Stock

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 11,406 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $6.89, for a total transaction of $78,587.34. Following the sale, the insider directly owned 25,130 shares in the company, valued at approximately $173,145.70. The trade was a 31.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Jarrod Johnson sold 25,000 shares of TaskUs stock. The shares were sold at an average price of $6.78, for a total transaction of $169,500.00.

TaskUs Stock Performance

Shares of NASDAQ:TASK opened at $6.94 on Monday. The firm has a fifty day simple moving average of $10.05 and a two-hundred day simple moving average of $11.97. TaskUs, Inc. has a 52 week low of $6.20 and a 52 week high of $18.39. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $628.49 million, a P/E ratio of 6.25 and a beta of 2.06.

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

TaskUs Dividend Announcement

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

Institutional Investors Weigh In On TaskUs

Several hedge funds and other institutional investors have recently modified their holdings of TASK. Geode Capital Management LLC lifted its stake in shares of TaskUs by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock worth $3,444,000 after acquiring an additional 647 shares during the last quarter. First Trust Advisors LP grew its position in TaskUs by 1.3% in the 2nd quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock valued at $914,000 after acquiring an additional 716 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in TaskUs by 21.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after acquiring an additional 896 shares during the last quarter. FNY Investment Advisers LLC increased its stake in TaskUs by 40.0% in the fourth quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock worth $41,000 after purchasing an additional 1,000 shares during the period. Finally, Lazard Asset Management LLC increased its stake in TaskUs by 7.8% in the second quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after purchasing an additional 1,342 shares during the period. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

TaskUs Company Profile

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.