Talkspace, Inc. (NASDAQ:TALK) Shares Acquired by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP increased its position in Talkspace, Inc. (NASDAQ:TALK) by 13.2% in the second quarter, Holdings Channel reports. The firm owned 3,111,717 shares of the company’s stock after purchasing an additional 361,717 shares during the quarter. Talkspace accounts for 1.1% of Divisadero Street Capital Management LP’s holdings, making the stock its 24th biggest holding. Divisadero Street Capital Management LP’s holdings in Talkspace were worth $7,157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shannon River Fund Management LLC acquired a new position in shares of Talkspace in the 4th quarter worth approximately $12,700,000. G2 Investment Partners Management LLC raised its position in shares of Talkspace by 522.3% during the 4th quarter. G2 Investment Partners Management LLC now owns 2,874,417 shares of the company’s stock valued at $7,301,000 after acquiring an additional 2,412,531 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Talkspace during the second quarter worth $921,000. Bank of New York Mellon Corp boosted its holdings in Talkspace by 2,480.3% in the second quarter. Bank of New York Mellon Corp now owns 353,739 shares of the company’s stock worth $814,000 after purchasing an additional 340,030 shares during the period. Finally, Rhumbline Advisers increased its stake in Talkspace by 2,357.6% during the second quarter. Rhumbline Advisers now owns 135,215 shares of the company’s stock valued at $311,000 after purchasing an additional 129,713 shares during the last quarter. 57.37% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Ian Jiro Harris bought 23,100 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of $2.11 per share, for a total transaction of $48,741.00. Following the completion of the purchase, the chief financial officer now owns 397,657 shares of the company’s stock, valued at approximately $839,056.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research report on Tuesday, August 6th.

Talkspace Trading Up 2.9 %

NASDAQ:TALK opened at $2.10 on Friday. The firm has a market capitalization of $356.34 million, a PE ratio of -26.25 and a beta of 1.21. Talkspace, Inc. has a 52 week low of $1.41 and a 52 week high of $3.92. The stock has a 50 day moving average of $1.91 and a 200-day moving average of $2.55.

Talkspace Profile

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.