Barclays PLC Grows Position in TaskUs, Inc. (NASDAQ:TASK)

Barclays PLC increased its stake in shares of TaskUs, Inc. (NASDAQ:TASK) by 24.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,774 shares of the company’s stock after purchasing an additional 4,945 shares during the quarter. Barclays PLC’s holdings in TaskUs were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of TaskUs by 101.2% during the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after purchasing an additional 2,516 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TaskUs by 55.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after acquiring an additional 1,988 shares during the last quarter. CWM LLC grew its stake in TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock worth $97,000 after acquiring an additional 7,516 shares during the period. Quantbot Technologies LP grew its stake in TaskUs by 186.7% in the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock worth $122,000 after acquiring an additional 6,140 shares during the period. Finally, Paloma Partners Management Co acquired a new position in TaskUs in the 3rd quarter valued at $139,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Insider Activity

In other TaskUs 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 accessible through the SEC website. Also, CAO Steven Amaya sold 2,600 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $18.08, for a total transaction of $47,008.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,338 shares of company stock valued at $2,548,902. Company insiders own 29.26% of the company’s stock.

TaskUs Trading Up 0.6 %

Shares of TASK stock opened at $16.99 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. TaskUs, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The firm’s 50 day moving average price is $15.38 and its two-hundred day moving average price is $14.26. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 4.67 and a beta of 2.31.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. 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 research report on Friday, December 13th. Robert W. Baird increased their price objective on shares of TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Monday, December 9th. One 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. According to MarketBeat, TaskUs presently has a consensus 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.