Talkspace, Inc. (NASDAQ:TALK) Position Reduced by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP lowered its stake in Talkspace, Inc. (NASDAQ:TALK) by 25.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 406,029 shares of the company’s stock after selling 141,485 shares during the period. Davidson Kempner Capital Management LP owned 0.24% of Talkspace worth $926,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Fifth Lane Capital LP acquired a new stake in shares of Talkspace during the 1st quarter valued at approximately $55,000. Principal Financial Group Inc. acquired a new stake in shares of Talkspace during the second quarter worth $38,000. Virtu Financial LLC bought a new position in shares of Talkspace in the 1st quarter worth about $74,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Talkspace in the 1st quarter valued at about $132,000. Finally, Advisory Alpha LLC acquired a new position in shares of Talkspace in the 1st quarter valued at about $296,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Wall Street Analyst Weigh In

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

Talkspace Price Performance

Shares of TALK opened at $2.19 on Monday. The company has a market cap of $371.61 million, a P/E ratio of -27.38 and a beta of 1.21. Talkspace, Inc. has a 12 month low of $1.41 and a 12 month high of $3.92. The stock has a fifty day moving average price of $1.91 and a 200 day moving average price of $2.53.

Insider Buying and Selling

In other news, CFO Ian Jiro Harris bought 23,100 shares of Talkspace stock in a transaction on Thursday, September 19th. The stock was purchased at an average cost 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 legal filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.