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

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 price of $2.20 per share, with a total value 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 approximately $763,525.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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, for a total transaction of $48,741.00.

Talkspace Stock Up 2.9 %

TALK opened at $2.10 on Friday. Talkspace, Inc. has a 12-month low of $1.41 and a 12-month high of $3.92. The firm has a market capitalization of $356.34 million, a P/E ratio of -26.25 and a beta of 1.21. The stock’s 50 day moving average price is $1.91 and its two-hundred day moving average price is $2.55.

Institutional Investors Weigh In On Talkspace

Hedge funds and other institutional investors have recently modified their holdings of the stock. Shannon River Fund Management LLC acquired a new position in Talkspace during the 4th quarter valued at $12,700,000. G2 Investment Partners Management LLC increased its holdings in shares of Talkspace by 522.3% during the 4th quarter. G2 Investment Partners Management LLC now owns 2,874,417 shares of the company’s stock worth $7,301,000 after purchasing an additional 2,412,531 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Talkspace by 1.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 8,291,412 shares of the company’s stock valued at $21,060,000 after buying an additional 123,738 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Talkspace in the first quarter valued at about $132,000. Finally, Fifth Lane Capital LP acquired a new stake in Talkspace during the first quarter worth about $55,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “hold” rating on shares of Talkspace in a report 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.