TaskUs, Inc. (NASDAQ:TASK) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of TaskUs, Inc. (NASDAQ:TASK) by 85.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 651,838 shares of the company’s stock after purchasing an additional 301,119 shares during the period. SG Americas Securities LLC owned 0.72% of TaskUs worth $8,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in TaskUs in the 1st quarter worth about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in TaskUs by 22.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,841 shares of the company’s stock valued at $1,132,000 after buying an additional 12,080 shares during the period. Woodline Partners LP acquired a new position in TaskUs during the 4th quarter valued at about $277,000. Two Sigma Advisers LP increased its stake in TaskUs by 26.8% during the 4th quarter. Two Sigma Advisers LP now owns 264,800 shares of the company’s stock valued at $4,486,000 after buying an additional 55,900 shares during the period. Finally, Two Sigma Investments LP increased its stake in TaskUs by 25.5% during the 4th quarter. Two Sigma Investments LP now owns 281,864 shares of the company’s stock valued at $4,775,000 after buying an additional 57,248 shares during the period. 44.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TaskUs

In related news, insider Jarrod Johnson sold 21,437 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 30.63% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on TASK. Robert W. Baird cut shares of TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 target price on the stock. in a research note on Monday, May 12th. Baird R W cut shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th. Royal Bank of Canada lowered their price objective on shares of TaskUs from $20.00 to $16.50 and set a “sector perform” rating on the stock in a research note on Monday, May 12th. Finally, William Blair cut shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.86.

TaskUs Stock Performance

TaskUs stock opened at $16.72 on Thursday. The firm’s 50 day simple moving average is $14.89 and its 200-day simple moving average is $15.17. The company has a market cap of $1.49 billion, a P/E ratio of 28.34, a price-to-earnings-growth ratio of 3.92 and a beta of 2.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. TaskUs, Inc. has a fifty-two week low of $10.57 and a fifty-two week 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.