TaskUs, Inc. (NASDAQ:TASK) was the recipient of unusually large options trading on Wednesday. Traders purchased 5,750 call options on the stock. This is an increase of approximately 327% compared to the typical daily volume of 1,347 call options.
In other news, major shareholder Fc Aggregator L.P. Bcp sold 8,127,882 shares of the stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $61.44, for a total transaction of $499,377,070.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Jaspar Weir sold 1,974,799 shares of the stock in a transaction dated Monday, October 25th. The stock was sold at an average price of $61.44, for a total transaction of $121,331,650.56. The disclosure for this sale can be found here.
Hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. purchased a new position in TaskUs in the third quarter valued at about $69,000. Cat Rock Capital Management LP bought a new stake in TaskUs during the 2nd quarter worth approximately $88,000. Advisor Group Holdings Inc. increased its holdings in TaskUs by 429.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 1,403 shares of the company’s stock worth $93,000 after acquiring an additional 1,138 shares during the period. Atticus Wealth Management LLC bought a new position in shares of TaskUs in the 3rd quarter worth $106,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of TaskUs in the 3rd quarter worth $152,000. 20.90% of the stock is owned by institutional investors and hedge funds.
TASK stock traded up $4.55 during midday trading on Wednesday, hitting $47.98. The stock had a trading volume of 125,260 shares, compared to its average volume of 923,350. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. TaskUs has a 1-year low of $26.66 and a 1-year high of $85.49. The company’s fifty day moving average price is $63.78.
TaskUs (NASDAQ:TASK) last posted its quarterly earnings results on Wednesday, November 10th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.23. Research analysts expect that TaskUs will post -0.74 earnings per share for the current year.
TaskUs Company Profile
TaskUs, Inc provides outsourcing services to Internet companies worldwide. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through digital channels; and other solutions, including customer care services for new product or market launches, trust and safety solutions, and customer acquisition solutions.
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