SG Americas Securities LLC Makes New $99,000 Investment in Talkspace, Inc. (NASDAQ:TALK)

SG Americas Securities LLC bought a new stake in Talkspace, Inc. (NASDAQ:TALK) in the third quarter, HoldingsChannel reports. The fund bought 47,202 shares of the company’s stock, valued at approximately $99,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Talkspace by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,885,681 shares of the company’s stock valued at $21,012,000 after purchasing an additional 84,933 shares in the last quarter. Divisadero Street Capital Management LP raised its holdings in Talkspace by 13.2% during the 2nd quarter. Divisadero Street Capital Management LP now owns 3,111,717 shares of the company’s stock worth $7,157,000 after buying an additional 361,717 shares during the period. Essex Investment Management Co. LLC raised its holdings in Talkspace by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 1,339,494 shares of the company’s stock worth $4,782,000 after buying an additional 20,613 shares during the period. Dimensional Fund Advisors LP bought a new position in Talkspace in the second quarter valued at approximately $921,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $814,000 after buying an additional 340,030 shares during the period. 57.37% of the stock is currently owned by institutional investors.

Insider Activity

In other Talkspace news, CFO Ian Jiro Harris acquired 23,100 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $2.11 per share, with a total value of $48,741.00. Following the completion of the transaction, the chief financial officer now directly owns 397,657 shares in the company, valued at approximately $839,056.27. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 21.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Talkspace Price Performance

Shares of NASDAQ:TALK opened at $2.78 on Monday. The company’s 50-day moving average price is $2.16 and its two-hundred day moving average price is $2.36. Talkspace, Inc. has a one year low of $1.41 and a one year high of $3.92. The stock has a market capitalization of $467.62 million, a PE ratio of -55.60 and a beta of 1.21.

About Talkspace

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.