Talkspace, Inc. (NASDAQ:TALK) CFO Ian Jiro Harris Purchases 19,500 Shares

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

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

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

Talkspace Stock Up 4.3 %

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

Institutional Investors Weigh In On Talkspace

Several hedge funds and other institutional investors have recently bought and sold shares of TALK. GSA Capital Partners LLP boosted its position in shares of Talkspace by 5.3% during the 1st quarter. GSA Capital Partners LLP now owns 236,921 shares of the company’s stock worth $846,000 after purchasing an additional 11,977 shares in the last quarter. Fifth Lane Capital LP bought a new position in Talkspace in the first quarter worth approximately $55,000. Principal Financial Group Inc. acquired a new stake in Talkspace in the second quarter valued at approximately $38,000. Essex Investment Management Co. LLC increased its holdings in shares of Talkspace by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 1,339,494 shares of the company’s stock valued at $4,782,000 after acquiring an additional 20,613 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Talkspace during the first quarter worth approximately $74,000. 57.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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