In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Teladoc Inc. (NYSE:TDOC) reported that Chp Iii Lp has picked up 4,480,468 of common stock as of 2017-02-03.
The acquisition brings the aggregate amount owned by Chp Iii Lp to a total of 4,480,468 representing a 9.7% stake in the company.
For those not familiar with the company, Teladoc, Inc., together with its subsidiaries, 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 operates through health services segment. Its solution connects its Members, with its over 3,000 board-certified physicians and behavioral health professionals who treat 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. Its enterprise scale platform is offered for real-time sharing of clinical and non-clinical data in real time among the Teladoc constituents, which include Members, Providers, physician network operations center staff, nurses, SureScripts for electronic medication prescription writing, routing and fulfillment and health plans for claims processing, clinical summaries and clinical alerts.
A glance at Teladoc Inc. (NYSE:TDOC)’s key stats reveals a current market capitalization of 1.11 billion based on 52.85 million shares outstanding and a price at last close of $20.08 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-03-17, Outland picked up 10,000 at a purchase price of $10.70. This brings their total holding to 69,089 as of the date of the filing.
On the sell side, the most recent transaction saw Hirschhorn unload 900 shares at a sale price of $20.00. This brings their total holding to 239,987.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Teladoc Inc. (NYSE:TDOC). as things move forward to see if its progress aligns with these transactions.
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