Talkspace, Inc. (NASDAQ:TALK) Shares Bought by XTX Topco Ltd

XTX Topco Ltd grew its stake in shares of Talkspace, Inc. (NASDAQ:TALK) by 138.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 154,624 shares of the company’s stock after buying an additional 89,898 shares during the period. XTX Topco Ltd owned 0.09% of Talkspace worth $356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in Talkspace in the second quarter valued at approximately $38,000. Fifth Lane Capital LP acquired a new position in shares of Talkspace during the 1st quarter valued at $55,000. Virtu Financial LLC acquired a new position in shares of Talkspace during the 1st quarter valued at $74,000. Counterpoint Mutual Funds LLC purchased a new stake in Talkspace during the 1st quarter worth $132,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Talkspace in the 2nd quarter valued at $264,000. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Talkspace Stock Down 3.4 %

NASDAQ TALK opened at $1.99 on Friday. Talkspace, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $3.92. The business has a 50 day moving average price of $1.90 and a two-hundred day moving average price of $2.51. The stock has a market cap of $334.74 million, a PE ratio of -24.88 and a beta of 1.21.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CFO Ian Jiro Harris purchased 23,100 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of $2.11 per share, with a total value of $48,741.00. Following the purchase, the chief financial officer now directly 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 is accessible through this link. Insiders own 18.40% of the company’s stock.

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.