TaskUs (NASDAQ:TASK) Insider Jarrod Johnson Sells 25,000 Shares

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.78, for a total value of $169,500.00. Following the sale, the insider directly owned 36,536 shares in the company, valued at approximately $247,714.08. This represents a 40.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jarrod Johnson also recently made the following trade(s):

• On Thursday, April 2nd, Jarrod Johnson sold 11,406 shares of TaskUs stock. The stock was sold at an average price of $6.89, for a total transaction of $78,587.34.

TaskUs Stock Performance

Shares of TaskUs stock remained flat at $6.94 during trading hours on Friday. 433,001 shares of the stock were exchanged, compared to its average volume of 769,833. TaskUs, Inc. has a one year low of $6.20 and a one year high of $18.39. The business’s 50 day moving average price is $10.14 and its 200 day moving average price is $12.12. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $628.49 million, a PE ratio of 6.25 and a beta of 2.06.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. TaskUs had a net margin of 8.64% and a return on equity of 22.52%. The company had revenue of $312.96 million for the quarter, compared to analyst estimates of $303.68 million. On average, sell-side analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

TaskUs Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were issued a $3.65 dividend.

Institutional Trading of TaskUs

Large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of TaskUs by 0.3% in the second quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock valued at $3,444,000 after purchasing an additional 647 shares during the last quarter. First Trust Advisors LP increased its position in TaskUs by 1.3% in the 2nd quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock worth $914,000 after buying an additional 716 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of TaskUs by 21.9% in the third quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after acquiring an additional 896 shares during the period. FNY Investment Advisers LLC grew its stake in shares of TaskUs by 40.0% in the fourth quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock worth $41,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of TaskUs by 7.8% in the second quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after acquiring an additional 1,342 shares during the last quarter. 44.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TASK. Wedbush decreased their target price on shares of TaskUs from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Royal Bank Of Canada cut their target price on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen downgraded TaskUs from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Morgan Stanley lowered their target price on TaskUs from $16.50 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. Finally, Piper Sandler lowered shares of TaskUs to a “neutral” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, TaskUs has an average rating of “Hold” and a consensus target price of $14.25.

About TaskUs

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.