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

Talkspace, Inc. (NASDAQ:TALK - Get Free Report) 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 PerformanceShares 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 TalkspaceA 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 GrowthSeparately, Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a research report on Tuesday, August 6th.View Our Latest Research Report on TALKTalkspace Company Profile (Get Free Report)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.See AlsoFive stocks we like better than TalkspaceHow to Invest in the Best Canadian Stocks Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge3 Stocks to Protect Your Portfolio from the Coronavirus Contagion How the Fed’s Rate Cut Could Supercharge These 3 ETFsInsider Trading - What You Need to KnowMicrosoft Stock: 3 Reasons It’s Ready to Crush Q4This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Have you heard of this 5-Day Challenge yet? (From InvestorPlace) (Ad)Should you invest $1,000 in Talkspace right now?Before you consider Talkspace, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Talkspace wasn't on the list.While Talkspace currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here