Bank of New York Mellon Corp Acquires 340,030 Shares of Talkspace, Inc. (NASDAQ:TALK)

Bank of New York Mellon Corp raised its stake in shares of Talkspace, Inc. (NASDAQ:TALK) by 2,480.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 353,739 shares of the company’s stock after purchasing an additional 340,030 shares during the period. Bank of New York Mellon Corp owned 0.21% of Talkspace worth $814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TALK. Fifth Lane Capital LP purchased a new position in Talkspace during the first quarter valued at $55,000. Virtu Financial LLC purchased a new stake in Talkspace in the first quarter worth $74,000. Counterpoint Mutual Funds LLC purchased a new position in Talkspace in the 1st quarter worth about $132,000. Advisory Alpha LLC bought a new position in Talkspace in the 1st quarter worth about $296,000. Finally, GSA Capital Partners LLP increased its holdings in Talkspace by 5.3% during the 1st quarter. GSA Capital Partners LLP now owns 236,921 shares of the company’s stock worth $846,000 after purchasing an additional 11,977 shares during the period. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Analysts Set New Price Targets

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

Talkspace Stock Up 4.3 %

Shares of Talkspace stock opened at $2.19 on Monday. The firm has a market capitalization of $371.61 million, a P/E ratio of -27.38 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 company has a 50 day moving average price of $1.91 and a 200 day moving average price of $2.53.

Insiders Place Their Bets

In other news, CFO Ian Jiro Harris bought 23,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $2.11 per share, with a total value of $48,741.00. Following the completion of the acquisition, the chief financial officer now directly owns 397,657 shares of the company’s stock, valued at approximately $839,056.27. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 18.40% of the company’s stock.

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.