XTX Topco Ltd Takes Position in TaskUs, Inc. (NASDAQ:TASK)

XTX Topco Ltd purchased a new stake in shares of TaskUs, Inc. (NASDAQ:TASK) in the 3rd quarter, Holdings Channel reports. The fund purchased 20,837 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds have also recently bought and sold shares of the company. Royce & Associates LP raised its stake in shares of TaskUs by 8.9% during the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock worth $8,651,000 after purchasing an additional 54,770 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of TaskUs by 47.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock valued at $3,407,000 after acquiring an additional 84,988 shares during the period. Seldon Capital LP acquired a new position in shares of TaskUs during the 3rd quarter worth about $5,393,000. LSV Asset Management bought a new stake in shares of TaskUs in the 2nd quarter valued at about $990,000. Finally, Dimensional Fund Advisors LP lifted its stake in TaskUs by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock valued at $5,224,000 after purchasing an additional 51,935 shares during the last quarter. 44.64% of the stock is currently owned by institutional investors.

Insider Activity at TaskUs

In related news, COO Stephan Daoust sold 62,159 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Steven Amaya sold 75,579 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $18.11, for a total transaction of $1,368,735.69. The disclosure for this sale can be found here. Insiders have sold 140,338 shares of company stock valued at $2,548,902 over the last ninety days. 29.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on TASK shares. JPMorgan Chase & Co. lowered their price target on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Robert W. Baird increased their price objective on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America raised TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, December 9th. Finally, Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

TaskUs Trading Down 7.9 %

Shares of TASK opened at $15.90 on Thursday. 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 52-week low of $10.56 and a 52-week high of $19.60. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 4.67 and a beta of 2.31. The business’s fifty day moving average is $14.28 and its 200-day moving average is $14.02.

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.