Talkspace, Inc. (NASDAQ:TALK - Get Free Report) CMO Katelyn Watson sold 94,018 shares of Talkspace stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $2.70, for a total transaction of $253,848.60. Following the completion of the sale, the chief marketing officer now owns 478,473 shares in the company, valued at $1,291,877.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Talkspace Stock Performance
Shares of TALK opened at $2.33 on Thursday. Talkspace, Inc. has a 1-year low of $1.16 and a 1-year high of $3.92. The company's fifty day simple moving average is $2.72 and its 200 day simple moving average is $2.76.
Talkspace (NASDAQ:TALK - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $45.42 million for the quarter, compared to the consensus estimate of $44.30 million. Talkspace had a negative net margin of 7.33% and a negative return on equity of 10.00%. Equities analysts forecast that Talkspace, Inc. will post -0.04 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Talkspace
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Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Lane Capital LP bought a new stake in Talkspace during the first quarter worth about $55,000. Virtu Financial LLC acquired a new position in shares of Talkspace in the first quarter valued at approximately $74,000. Citigroup Inc. increased its stake in shares of Talkspace by 53,648.1% in the third quarter. Citigroup Inc. now owns 43,536 shares of the company's stock valued at $85,000 after buying an additional 43,455 shares during the period. Potomac Capital Management Inc. acquired a new position in shares of Talkspace in the third quarter valued at approximately $108,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Talkspace during the 1st quarter valued at approximately $132,000. Institutional investors own 57.37% of the company's stock.
Talkspace 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.
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