On August 16, 2024, Jarrod Johnson, Chief Customer Officer of TaskUs Inc (NASDAQ:TASK), performed a significant transaction by selling 90,357 shares of the company’s stock. The sale was documented in a recent SEC filing. Following this transaction, the insider now owns 7,726 shares of TaskUs Inc.

TaskUs Inc provides digital outsourcing services to innovative companies. The company helps its clients improve their customer experience, expand into new markets, and find new revenue streams. TaskUs is known for its highly skilled staff who provide a range of services from content security to customer support and back office services.

Over the past year, Jarrod Johnson has sold a total of 90,357 shares and purchased no shares. This recent sale is part of a broader trend at TaskUs Inc., where there were no insider purchases but one insider sale during the same period.

TaskUs Inc. shares were trading at $14.01 on the day of the sale, giving the company a market capitalization of around $1.21 billion. The company’s price-to-earnings ratio is 24.87, slightly below the industry average of 25.52.

According to GF Value, TaskUs Inc has a Price to GF Value ratio of 0.8, indicating that the stock is slightly undervalued. GF Value is a proprietary measure used to determine the fair value of a stock based on historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance.

This insider sale could attract the attention of current and potential investors, especially given the company’s valuation and the insider’s remaining stake. It is important for investors to consider these factors along with overall market conditions when evaluating their investment in TaskUs Inc.

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This article first appeared on GuruFocus.