Talkspace, Inc. (NASDAQ:TALK) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its holdings in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 94.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,890 shares of the company's stock after selling 815,900 shares during the period. Squarepoint Ops LLC's holdings in Talkspace were worth $136,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in shares of Talkspace by 103.1% in the fourth quarter. Deutsche Bank AG now owns 4,615,485 shares of the company's stock worth $14,262,000 after acquiring an additional 2,342,913 shares during the last quarter. Voss Capital LP purchased a new stake in Talkspace in the fourth quarter valued at $3,981,000. Arrowstreet Capital Limited Partnership purchased a new stake in Talkspace in the fourth quarter valued at $3,371,000. Balyasny Asset Management L.P. purchased a new stake in Talkspace in the fourth quarter valued at $3,179,000. Finally, Metavasi Capital LP purchased a new stake in Talkspace in the fourth quarter valued at $2,295,000. 57.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on TALK. Needham & Company LLC restated a "hold" rating on shares of Talkspace in a research report on Tuesday, May 6th. Canaccord Genuity Group began coverage on Talkspace in a research report on Thursday, April 3rd. They issued a "buy" rating and a $5.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $4.50.

Talkspace Stock Down 5.0%

Shares of TALK traded down $0.15 on Friday, reaching $2.85. The stock had a trading volume of 2,072,244 shares, compared to its average volume of 1,937,981. The firm has a market capitalization of $476.85 million, a PE ratio of 285.29 and a beta of 1.12. The firm has a 50-day moving average of $3.00 and a 200 day moving average of $3.09. Talkspace, Inc. has a twelve month low of $1.60 and a twelve month high of $4.36.

Insider Buying and Selling at Talkspace

In other Talkspace news, CMO Katelyn Watson sold 39,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $3.30, for a total transaction of $128,700.00. Following the sale, the chief marketing officer now owns 433,997 shares in the company, valued at approximately $1,432,190.10. This represents a 8.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.50% of the stock is owned by insiders.

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.