Seldon Capital LP Cuts Holdings in TaskUs, Inc. (NASDAQ:TASK)

Seldon Capital LP trimmed its position in TaskUs, Inc. (NASDAQ:TASK) by 7.2% during the 4th quarter, HoldingsChannel reports. The firm owned 387,318 shares of the company’s stock after selling 30,110 shares during the quarter. TaskUs accounts for about 2.7% of Seldon Capital LP’s investment portfolio, making the stock its 11th largest holding. Seldon Capital LP’s holdings in TaskUs were worth $6,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in TaskUs by 71.5% in the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after acquiring an additional 699 shares during the last quarter. Jane Street Group LLC increased its position in TaskUs by 9.9% in the third quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock worth $281,000 after purchasing an additional 1,959 shares during the last quarter. American Century Companies Inc. raised its stake in TaskUs by 11.6% during the fourth quarter. American Century Companies Inc. now owns 36,888 shares of the company’s stock valued at $625,000 after purchasing an additional 3,841 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in TaskUs during the fourth quarter valued at $81,000. Finally, Barclays PLC grew its stake in shares of TaskUs by 24.9% in the 3rd quarter. Barclays PLC now owns 24,774 shares of the company’s stock worth $321,000 after buying an additional 4,945 shares in the last quarter. 44.64% of the stock is owned by institutional investors.

TaskUs Price Performance

TASK stock opened at $12.96 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs, Inc. has a 12 month low of $10.57 and a 12 month high of $19.60. The stock has a market cap of $1.17 billion, a PE ratio of 21.97, a P/E/G ratio of 3.92 and a beta of 2.17. The company has a 50-day moving average price of $13.64 and a 200 day moving average price of $14.55.

TaskUs (NASDAQ:TASK) last released its earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The business had revenue of $274.24 million for the quarter, compared to the consensus estimate of $268.65 million. Equities research analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price objective on TaskUs from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.86.

Insider Buying and Selling at TaskUs

In other news, insider Jarrod Johnson sold 21,437 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 29.26% of the stock is currently owned by corporate insiders.

TaskUs 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.