Hussman Strategic Advisors Inc. Buys Shares of 210,000 TaskUs, Inc. $TASK

Hussman Strategic Advisors Inc. bought a new stake in TaskUs, Inc. (NASDAQ:TASK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 210,000 shares of the company’s stock, valued at approximately $2,476,000.

Several other large investors also recently bought and sold shares of TASK. Hudson Bay Capital Management LP acquired a new stake in TaskUs in the third quarter valued at $17,796,000. Qube Research & Technologies Ltd acquired a new stake in TaskUs in the second quarter valued at $16,325,000. Calamos Advisors LLC acquired a new stake in TaskUs in the fourth quarter valued at $8,549,000. Vanguard Group Inc. grew its holdings in TaskUs by 39.6% in the third quarter. Vanguard Group Inc. now owns 1,536,748 shares of the company’s stock valued at $27,431,000 after purchasing an additional 435,892 shares during the last quarter. Finally, LMR Partners LLP acquired a new stake in TaskUs in the second quarter valued at $5,028,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jarrod Johnson sold 25,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.78, for a total transaction of $169,500.00. Following the transaction, 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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 31.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TASK. 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 report on Friday, February 27th. Royal Bank Of Canada reduced their price objective on TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 26th. Wedbush restated an “outperform” rating and issued a $14.00 price objective on shares of TaskUs in a research report on Wednesday, April 15th. Wall Street Zen downgraded TaskUs from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings downgraded TaskUs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.25.

TaskUs Stock Performance

NASDAQ TASK opened at $6.54 on Friday. The business’s 50-day moving average price is $8.60 and its 200 day moving average price is $10.67. TaskUs, Inc. has a twelve month low of $6.20 and a twelve month high of $18.39. The company has a market capitalization of $592.26 million, a PE ratio of 5.89 and a beta of 1.88. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.37.

TaskUs (NASDAQ:TASK) last released its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. TaskUs had a return on equity of 22.52% and a net margin of 8.64%.The firm had revenue of $312.96 million for the quarter, compared to the consensus estimate of $303.68 million. On average, research analysts predict that TaskUs, Inc. will post 1.16 earnings per share for the current year.

TaskUs Announces Dividend

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

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.