Insider Buying: Talkspace, Inc. (NASDAQ:TALK) CFO Purchases $42,900.00 in Stock

Talkspace, Inc. (NASDAQ:TALK) CFO Ian Jiro Harris acquired 19,500 shares of Talkspace stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of $2.20 per share, for a total transaction of $42,900.00. Following the completion of the purchase, the chief financial officer now directly owns 347,057 shares of the company’s stock, valued at $763,525.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, September 19th, Ian Jiro Harris bought 23,100 shares of Talkspace stock. The stock was purchased at an average price of $2.11 per share, with a total value of $48,741.00.

Talkspace Stock Up 4.3 %

Shares of TALK stock opened at $2.19 on Friday. The business has a fifty day simple moving average of $1.91 and a 200 day simple moving average of $2.54. The company has a market cap of $371.61 million, a P/E ratio of -27.38 and a beta of 1.21. Talkspace, Inc. has a twelve month low of $1.41 and a twelve month high of $3.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TALK. GSA Capital Partners LLP lifted its stake in Talkspace by 5.3% in the 1st quarter. GSA Capital Partners LLP now owns 236,921 shares of the company’s stock valued at $846,000 after purchasing an additional 11,977 shares during the last quarter. Fifth Lane Capital LP bought a new position in shares of Talkspace in the 1st quarter valued at $55,000. Principal Financial Group Inc. acquired a new stake in shares of Talkspace during the 2nd quarter valued at $38,000. Essex Investment Management Co. LLC grew its position in Talkspace by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 1,339,494 shares of the company’s stock worth $4,782,000 after acquiring an additional 20,613 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Talkspace in the 1st quarter worth about $74,000. Institutional investors own 57.37% of the company’s stock.

Analyst Ratings Changes

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

About Talkspace

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.