Talkspace, Inc. (NASDAQ:TALK) Shares Sold by Clearline Capital LP

Clearline Capital LP lowered its stake in Talkspace, Inc. (NASDAQ:TALK) by 5.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 974,762 shares of the company’s stock after selling 50,947 shares during the quarter. Clearline Capital LP’s holdings in Talkspace were worth $2,242,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Fifth Lane Capital LP acquired a new position in Talkspace during the 1st quarter worth approximately $55,000. Principal Financial Group Inc. purchased a new stake in shares of Talkspace during the second quarter valued at approximately $38,000. Virtu Financial LLC acquired a new position in shares of Talkspace during the first quarter worth $74,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Talkspace during the first quarter worth $132,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Talkspace in the second quarter valued at $113,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Talkspace Stock Performance

NASDAQ:TALK opened at $2.03 on Friday. The stock has a market cap of $344.46 million, a price-to-earnings ratio of -25.38 and a beta of 1.21. Talkspace, Inc. has a one year low of $1.41 and a one year high of $3.92. The business’s 50-day simple moving average is $1.89 and its 200 day simple moving average is $2.50.

Insiders Place Their Bets

In other Talkspace news, CFO Ian Jiro Harris bought 23,100 shares of Talkspace stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $2.11 per share, for a total transaction of $48,741.00. Following the purchase, the chief financial officer now owns 397,657 shares in the company, valued at approximately $839,056.27. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 18.40% of the stock is owned by company insiders.

Talkspace Company 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.