Maven Securities LTD Sells 108,685 Shares of Talkspace, Inc. $TALK

Maven Securities LTD trimmed its position in shares of Talkspace, Inc. (NASDAQ:TALK) by 59.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,615 shares of the company’s stock after selling 108,685 shares during the quarter. Maven Securities LTD’s holdings in Talkspace were worth $378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TALK. Vanguard Group Inc. raised its holdings in Talkspace by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,453,000 shares of the company’s stock valued at $26,090,000 after buying an additional 483,012 shares during the last quarter. Deutsche Bank AG grew its holdings in Talkspace by 14.6% during the 4th quarter. Deutsche Bank AG now owns 7,094,525 shares of the company’s stock worth $25,753,000 after acquiring an additional 905,304 shares during the last quarter. Geode Capital Management LLC grew its holdings in Talkspace by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,413,825 shares of the company’s stock worth $12,395,000 after acquiring an additional 15,436 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Talkspace by 38.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,060,055 shares of the company’s stock worth $15,836,000 after acquiring an additional 855,015 shares during the last quarter. Finally, Royce & Associates LP increased its position in Talkspace by 39.7% in the 4th quarter. Royce & Associates LP now owns 3,036,360 shares of the company’s stock valued at $11,022,000 after acquiring an additional 862,098 shares during the period. 57.37% of the stock is currently owned by institutional investors.

Insider Transactions at Talkspace

In other Talkspace news, insider John Reilly sold 55,144 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $5.21, for a total transaction of $287,300.24. Following the completion of the transaction, the insider owned 1,057,975 shares in the company, valued at approximately $5,512,049.75. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 23.50% of the company’s stock.

Talkspace Price Performance

Shares of TALK stock opened at $5.25 on Wednesday. Talkspace, Inc. has a 1-year low of $2.49 and a 1-year high of $5.25. The stock has a 50-day moving average of $5.23 and a 200-day moving average of $5.16.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Talkspace had a return on equity of 0.17% and a net margin of 0.08%.The company had revenue of $61.67 million during the quarter, compared to analyst estimates of $67.99 million. Research analysts expect that Talkspace, Inc. will post 0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Talkspace in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Talkspace currently has a consensus rating of “Hold” and an average price target of $5.56.

About Talkspace

Talkspace, Inc (NASDAQ:TALK) is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company’s platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company’s core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.