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

Barclays PLC grew its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 24.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in TASK. US Bancorp DE grew its stake in 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 buying an additional 2,516 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 increased its holdings in shares of 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 acquiring an additional 7,516 shares during the period. Quantbot Technologies LP raised its position in TaskUs by 186.7% in the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock valued at $122,000 after purchasing an additional 6,140 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in TaskUs during the 3rd quarter worth $139,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Insider Activity at TaskUs

In related news, CAO Steven Amaya sold 2,600 shares of TaskUs 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephan Daoust sold 62,159 shares of the business’s stock in a transaction 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. Insiders sold 140,338 shares of company stock worth $2,548,902 over the last 90 days. Company insiders own 29.26% of the company’s stock.

Analysts Set New Price Targets

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

TaskUs Price Performance

TaskUs stock opened at $16.99 on Friday. The business has a fifty day moving average of $15.38 and a two-hundred day moving average of $14.26. 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 company has a market cap of $1.52 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 4.67 and a beta of 2.31. TaskUs, Inc. has a one year low of $10.56 and a one year high of $19.60.

TaskUs Company 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.