TaskUs (NASDAQ:TASK) Insider Jarrod Johnson Sells 11,406 Shares

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 11,406 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $6.89, for a total transaction of $78,587.34. Following the transaction, the insider owned 25,130 shares in the company, valued at $173,145.70. The trade was a 31.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Wednesday, April 1st, Jarrod Johnson sold 25,000 shares of TaskUs stock. The stock was sold at an average price of $6.78, for a total transaction of $169,500.00.

TaskUs Price Performance

Shares of NASDAQ:TASK remained flat at $6.94 during trading hours on Friday. The company’s stock had a trading volume of 433,001 shares, compared to its average volume of 769,833. The firm has a market cap of $628.49 million, a price-to-earnings ratio of 6.25 and a beta of 2.06. The firm has a 50-day simple moving average of $10.14 and a two-hundred day simple moving average of $12.12. TaskUs, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $18.39. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.37.

TaskUs (NASDAQ:TASK) last issued its quarterly 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. The firm had revenue of $312.96 million for the quarter, compared to the consensus estimate of $303.68 million. TaskUs had a return on equity of 22.52% and a net margin of 8.64%. As a group, equities analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current year.

TaskUs Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a $3.65 dividend.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TASK. Geode Capital Management LLC grew its stake in shares of TaskUs by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock worth $3,444,000 after purchasing an additional 647 shares during the period. First Trust Advisors LP lifted its stake in shares of TaskUs by 1.3% in the second quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock valued at $914,000 after purchasing an additional 716 shares during the period. Harbor Capital Advisors Inc. lifted its stake 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 purchasing an additional 896 shares during the period. FNY Investment Advisers LLC lifted its stake in shares of TaskUs by 40.0% during the fourth quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock valued at $41,000 after buying an additional 1,000 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of TaskUs by 7.8% during the second quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after purchasing an additional 1,342 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.