Paltalk, Inc. (NASDAQ:PALT) Shares Sold by State Street Corp

State Street Corp decreased its stake in shares of Paltalk, Inc. (NASDAQ:PALT) by 61.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,488 shares of the company’s stock after selling 27,500 shares during the quarter. State Street Corp owned about 0.19% of Paltalk worth $56,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC grew its holdings in shares of Paltalk by 11.1% during the second quarter. Renaissance Technologies LLC now owns 25,000 shares of the company’s stock valued at $100,000 after buying an additional 2,500 shares during the last quarter. 3.88% of the stock is owned by institutional investors.

Paltalk Price Performance

NASDAQ PALT opened at $2.03 on Friday. The stock’s fifty day moving average price is $1.89 and its 200 day moving average price is $3.01. Paltalk, Inc. has a 1 year low of $1.52 and a 1 year high of $5.50. The company has a market cap of $18.75 million, a price-to-earnings ratio of -5.97 and a beta of 0.86.

About Paltalk

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user’s existing cell phone or land line telephone number.