Teladoc Inc (TDOC) CFO Sells $989,700.00 in Stock
Teladoc Inc (NYSE:TDOC) CFO Mark Hirschhorn sold 30,000 shares of Teladoc stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $32.99, for a total value of $989,700.00. Following the completion of the transaction, the chief financial officer now owns 5,203 shares of the company’s stock, valued at $171,646.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Mark Hirschhorn also recently made the following trade(s):
- On Monday, October 16th, Mark Hirschhorn sold 25,000 shares of Teladoc stock. The stock was sold at an average price of $32.37, for a total value of $809,250.00.
- On Tuesday, October 17th, Mark Hirschhorn sold 35,000 shares of Teladoc stock. The stock was sold at an average price of $32.84, for a total value of $1,149,400.00.
- On Monday, October 2nd, Mark Hirschhorn sold 10,000 shares of Teladoc stock. The stock was sold at an average price of $34.04, for a total value of $340,400.00.
- On Friday, September 22nd, Mark Hirschhorn sold 25,000 shares of Teladoc stock. The shares were sold at an average price of $31.93, for a total value of $798,250.00.
Teladoc Inc (NYSE TDOC) opened at $31.50 on Thursday. Teladoc Inc has a twelve month low of $15.65 and a twelve month high of $37.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 5.08 and a current ratio of 5.08.
A number of brokerages have commented on TDOC. Robert W. Baird downgraded Teladoc from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $14.00 to $36.00 in a research note on Monday, September 18th. KeyCorp restated a “buy” rating and issued a $37.00 target price on shares of Teladoc in a research note on Sunday, September 17th. Zacks Investment Research upgraded Teladoc from a “sell” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, October 4th. Cowen restated an “outperform” rating and issued a $39.00 target price on shares of Teladoc in a research note on Saturday, September 30th. Finally, BidaskClub upgraded Teladoc from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.17.
Several hedge funds have recently added to or reduced their stakes in the stock. ETF Managers Group LLC acquired a new position in shares of Teladoc during the second quarter valued at about $104,000. Bank of Montreal Can increased its stake in Teladoc by 214.2% in the second quarter. Bank of Montreal Can now owns 3,516 shares of the health services provider’s stock valued at $123,000 after acquiring an additional 2,397 shares during the period. Pacad Investment Ltd. bought a new stake in Teladoc during the second quarter worth about $135,000. Fred Alger Management Inc. bought a new stake in Teladoc during the second quarter worth about $139,000. Finally, Legal & General Group Plc grew its stake in Teladoc by 66.3% during the first quarter. Legal & General Group Plc now owns 6,137 shares of the health services provider’s stock worth $154,000 after buying an additional 2,446 shares during the last quarter.
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Teladoc Company Profile
Teladoc, Inc is a telehealth company. The Company offers telehealth platform, delivering on-demand healthcare anytime, anywhere, through mobile devices, the Internet, video and phone. The Company’s solution connects its Members, with its over 3,000 board certified physicians and behavioral health professionals treating a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation.
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