Clear Harbor Asset Management LLC Buys Shares of 40,000 Talkspace, Inc. (NASDAQ:TALK)

Clear Harbor Asset Management LLC purchased a new position in shares of Talkspace, Inc. (NASDAQ:TALK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 40,000 shares of the company’s stock, valued at approximately $84,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Lane Capital LP purchased a new stake in Talkspace during the first quarter worth $55,000. Principal Financial Group Inc. purchased a new stake in shares of Talkspace in the 2nd quarter worth about $38,000. Virtu Financial LLC acquired a new stake in Talkspace in the 1st quarter valued at about $74,000. Creative Planning increased its holdings in Talkspace by 30.6% during the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock valued at $55,000 after acquiring an additional 6,179 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Talkspace during the third quarter worth about $99,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Talkspace Stock Performance

Talkspace stock opened at $2.78 on Monday. Talkspace, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $3.92. The stock has a fifty day moving average of $2.16 and a two-hundred day moving average of $2.36. The company has a market capitalization of $467.62 million, a price-to-earnings ratio of -55.60 and a beta of 1.21.

Insider Buying and Selling

In other news, CFO Ian Jiro Harris purchased 23,100 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were bought 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. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.