Insider Buying: Talkspace, Inc. (NASDAQ:TALK) CFO Purchases 19,500 Shares of Stock

Talkspace, Inc. (NASDAQ:TALK) CFO Ian Jiro Harris purchased 19,500 shares of Talkspace stock in a transaction on Tuesday, September 17th. The stock was bought at an average cost of $2.20 per share, with a total value of $42,900.00. Following the transaction, the chief financial officer now directly owns 347,057 shares of the company’s stock, valued at $763,525.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ian Jiro Harris also recently made the following trade(s):

• On Thursday, September 19th, Ian Jiro Harris acquired 23,100 shares of Talkspace stock. The stock was bought at an average cost of $2.11 per share, for a total transaction of $48,741.00.

Talkspace Stock Performance

Shares of NASDAQ:TALK traded up $0.06 during midday trading on Thursday, hitting $2.10. The company’s stock had a trading volume of 2,243,497 shares, compared to its average volume of 1,424,683. The stock’s 50 day simple moving average is $1.91 and its 200 day simple moving average is $2.55. The stock has a market capitalization of $356.34 million, a price-to-earnings ratio of -25.50 and a beta of 1.21. Talkspace, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $3.92.

Institutional Trading of Talkspace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Lane Capital LP acquired a new position in shares of Talkspace during the first quarter worth approximately $55,000. Principal Financial Group Inc. bought a new position in Talkspace during the second quarter worth $38,000. Virtu Financial LLC acquired a new position in Talkspace during the 1st quarter valued at $74,000. Counterpoint Mutual Funds LLC bought a new stake in Talkspace in the 1st quarter valued at $132,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Talkspace in the 2nd quarter worth $113,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a “hold” rating on shares of Talkspace in a research report on Tuesday, August 6th.

Talkspace Company Profile

Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.