Key Points
- Jarrod Johnson sold a total of 36,406 TaskUs shares (25,000 on Apr 1 at $6.78 and 11,406 on Apr 2 at $6.89) under a pre-arranged Rule 10b5-1 plan, generating roughly $248,087 and reducing his ownership by 31.22% to 25,130 shares; the sale was disclosed in an SEC filing.
- TaskUs is trading near its 12‑month low (opened $6.94) with a market cap of about $628.5M, a P/E of 6.25 and 50/200‑day SMAs of $10.05/$12.05; analysts hold a consensus Hold rating with a $14.25 target, and the company recently paid a $3.65 dividend on Mar 25.
TaskUs, Inc. (NASDAQ:TASK - Get Free Report) insider Jarrod Johnson sold 11,406 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $6.89, for a total transaction of $78,587.34. Following the completion of the transaction, the insider owned 25,130 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were sold at an average price of $6.78, for a total value of $169,500.00.
TaskUs Stock Performance
Shares of TASK opened at $6.94 on Friday. The company has a market cap of $628.49 million, a price-to-earnings ratio of 6.25 and a beta of 2.06. The business's fifty day simple moving average is $10.05 and its two-hundred day simple moving average is $12.05. TaskUs, Inc. has a 12 month low of $6.20 and a 12 month high of $18.39. 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 - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $303.68 million. TaskUs had a return on equity of 22.52% and a net margin of 8.64%. Research analysts anticipate 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. Shareholders of record on Wednesday, March 11th were given a $3.65 dividend.
Institutional Investors Weigh In On TaskUs
A number of large investors have recently made changes to their positions in TASK. Hsbc Holdings PLC increased its position in shares of TaskUs by 50.3% during the 4th quarter. Hsbc Holdings PLC now owns 16,657 shares of the company's stock valued at $196,000 after purchasing an additional 5,574 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of TaskUs by 13.7% in the fourth quarter. Invesco Ltd. now owns 30,062 shares of the company's stock worth $354,000 after buying an additional 3,624 shares during the last quarter. Alberta Investment Management Corp purchased a new position in shares of TaskUs in the fourth quarter worth approximately $1,179,000. XTX Topco Ltd grew its position in TaskUs by 22.7% during the fourth quarter. XTX Topco Ltd now owns 32,013 shares of the company's stock valued at $377,000 after buying an additional 5,918 shares during the period. Finally, VARCOV Co. bought a new stake in TaskUs during the fourth quarter valued at approximately $314,000. 44.64% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently issued reports on TASK shares. Wall Street Zen downgraded shares of TaskUs from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 7th. Piper Sandler cut shares of TaskUs to a "neutral" rating in a report on Friday, February 27th. Morgan Stanley lowered their price objective on shares of 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 dropped their target price on shares of TaskUs from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Monday, March 23rd. Finally, Royal Bank Of Canada cut their target price on shares of TaskUs from $17.00 to $13.00 and set a "sector perform" rating for the company in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $14.25.
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TaskUs Company Profile
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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.
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