TaskUs, Inc. (NASDAQ:TASK) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in TaskUs, Inc. (NASDAQ:TASK) by 10.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 195,156 shares of the company’s stock after selling 23,692 shares during the period. Geode Capital Management LLC owned 0.22% of TaskUs worth $2,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. lifted its stake in shares of TaskUs by 47.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock worth $3,407,000 after buying an additional 84,988 shares in the last quarter. Royce & Associates LP raised its holdings in TaskUs by 8.9% in the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock valued at $8,651,000 after acquiring an additional 54,770 shares during the last quarter. Seldon Capital LP purchased a new position in TaskUs in the 3rd quarter worth approximately $5,393,000. LSV Asset Management acquired a new position in shares of TaskUs during the 2nd quarter worth approximately $990,000. Finally, Dimensional Fund Advisors LP grew its position in shares of TaskUs by 15.2% in the second 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 in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Trading Down 12.8 %

Shares of NASDAQ TASK opened at $15.01 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.34 billion, a PE ratio of 25.44, a PEG ratio of 4.67 and a beta of 2.23. TaskUs, Inc. has a twelve month low of $10.56 and a twelve month high of $19.60. The stock has a fifty day simple moving average of $15.54 and a 200-day simple moving average of $14.31.

Insider Activity at TaskUs

In other news, COO Stephan Daoust sold 62,159 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $18.23, for a total transaction of $1,133,158.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Steven Amaya sold 2,600 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $18.08, for a total value of $47,008.00. The disclosure for this sale can be found here. Insiders sold 140,338 shares of company stock worth $2,548,902 in the last three months. 29.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

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