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 reduced its stake in TaskUs, Inc. (NASDAQ:TASK) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,761 shares of the company’s stock after selling 4,589 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of TaskUs worth $708,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. nVerses Capital LLC purchased a new position in TaskUs in the 2nd quarter valued at $28,000. US Bancorp DE lifted its stake in shares of TaskUs by 101.2% in the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after acquiring an additional 2,516 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 acquiring an additional 1,988 shares during the period. CWM LLC boosted its holdings in shares of TaskUs by 25,053.3% in the third quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after acquiring an additional 7,516 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of TaskUs by 186.7% during the third 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. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Stock Performance

NASDAQ TASK opened at $16.09 on Friday. The business has a 50 day moving average price of $14.37 and a 200 day moving average price of $14.04. The company 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. TaskUs, Inc. has a 1-year low of $10.56 and a 1-year high of $19.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02.

Insider Buying and Selling at TaskUs

In other TaskUs news, CAO Steven Amaya sold 75,579 shares of TaskUs stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $18.11, for a total transaction of $1,368,735.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephan Daoust sold 62,159 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $18.23, for a total transaction of $1,133,158.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,338 shares of company stock valued at $2,548,902. Insiders own 29.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TASK shares. JPMorgan Chase & Co. reduced their price objective on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $18.00 to $21.00 in a report on Friday, December 13th. Robert W. Baird lifted their price target on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, 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 research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.