TaskUs, Inc. (NASDAQ:TASK) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in TaskUs, Inc. (NASDAQ:TASK) by 7.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 54,761 shares of the company’s stock after selling 4,589 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TaskUs were worth $708,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TASK. nVerses Capital LLC purchased a new stake in shares of TaskUs in the second quarter valued at $28,000. US Bancorp DE lifted its position in TaskUs by 101.2% during the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after buying an additional 2,516 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TaskUs by 55.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after buying an additional 1,988 shares during the last quarter. CWM LLC grew its holdings in 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 buying an additional 7,516 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of TaskUs by 186.7% during the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock valued at $122,000 after acquiring an additional 6,140 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Price Performance

TaskUs stock opened at $16.09 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.44 billion, a P/E ratio of 27.27, a PEG ratio of 4.67 and a beta of 2.31. The firm has a fifty day moving average of $14.37 and a 200-day moving average of $14.04. TaskUs, Inc. has a 52-week low of $10.56 and a 52-week high of $19.60.

Insider Buying and Selling

In other news, CAO Steven Amaya sold 75,579 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $18.11, for a total value of $1,368,735.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephan Daoust sold 62,159 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $18.23, for a total value of $1,133,158.57. The disclosure for this sale can be found here. In the last three months, insiders sold 140,338 shares of company stock valued at $2,548,902. Company insiders own 29.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TASK shares. JPMorgan Chase & Co. decreased their target price on shares of 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 lifted their price target on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Bank of America upgraded TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, December 9th. Finally, Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $21.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.00.

About TaskUs

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.