Blue Trust Inc. Grows Position in TaskUs, Inc. (NASDAQ:TASK)

Blue Trust Inc. lifted its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 71.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,677 shares of the company’s stock after purchasing an additional 699 shares during the quarter. Blue Trust Inc.’s holdings in TaskUs were worth $28,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TASK. US Bancorp DE grew its position in TaskUs by 101.2% during the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock valued at $65,000 after buying an additional 2,516 shares during the period. CWM LLC boosted its stake in shares of TaskUs by 25,053.3% during 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 in the last quarter. Quantbot Technologies LP grew its position 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 period. Paloma Partners Management Co purchased a new position in shares of TaskUs in the 3rd quarter valued at about $139,000. Finally, Olympiad Research LP acquired a new position in TaskUs in the 3rd quarter worth about $143,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Steven Amaya sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $18.08, for a total transaction of $47,008.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Stephan Daoust sold 62,159 shares of the company’s 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 disclosure for this sale can be found here. Insiders have sold a total of 140,338 shares of company stock valued at $2,548,902 in the last 90 days. 29.26% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $21.00 in a report on Friday, December 13th. Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Monday, December 9th. Finally, Robert W. Baird boosted their price target on shares of TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.00.

TaskUs Stock Down 1.0 %

Shares of TASK opened at $16.24 on Tuesday. The stock has a 50 day moving average price of $16.37 and a 200 day moving average price of $14.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 4.19 and a beta of 2.21. TaskUs, Inc. has a one year low of $10.56 and a one year high of $19.60.

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.