Investors who take an interest in Talkspace, Inc. (NASDAQ:TALK) should definitely note that the Chief Financial Officer, Ian Harris, recently paid US$2.12 per share to buy US$149k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 254%.
Talkspace Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Chief Marketing Officer, Katelyn Watson, sold US$254k worth of shares at a price of US$2.70 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$2.19. So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Katelyn Watson.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of Talkspace
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Talkspace insiders own about US$12m worth of shares. That equates to 3.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Talkspace Insiders?
The recent insider purchase is heartening. But we can't say the same for the transactions over the last 12 months. We don't take much heart from transactions by Talkspace insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. So they seem pretty well aligned, overall. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Talkspace.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
