Talkspace, Inc. $TALK Shares Bought by Carmignac Gestion

Carmignac Gestion increased its holdings in Talkspace, Inc. (NASDAQ:TALK) by 279.7% during the second quarter, Holdings Channel reports. The firm owned 556,771 shares of the company’s stock after purchasing an additional 410,125 shares during the period. Carmignac Gestion’s holdings in Talkspace were worth $2,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC bought a new stake in Talkspace during the second quarter worth approximately $28,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Talkspace in the third quarter valued at $35,000. Neuberger Berman Group LLC bought a new position in shares of Talkspace in the fourth quarter valued at $38,000. Engineers Gate Manager LP acquired a new stake in shares of Talkspace during the 2nd quarter valued at $39,000. Finally, Vise Technologies Inc. bought a new stake in shares of Talkspace during the 4th quarter worth $40,000. 57.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider John Reilly sold 40,289 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $5.20, for a total value of $209,502.80. Following the completion of the sale, the insider owned 1,017,686 shares of the company’s stock, valued at $5,291,967.20. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 23.50% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Talkspace has a consensus rating of “Hold” and an average price target of $5.56.

Talkspace Stock Performance

Shares of TALK stock remained flat at $5.25 during trading hours on Tuesday. Talkspace, Inc. has a 12 month low of $2.49 and a 12 month high of $5.25. The company’s 50-day simple moving average is $5.23 and its 200-day simple moving average is $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 firm had revenue of $61.67 million during the quarter, compared to analyst estimates of $67.99 million. On average, equities research analysts anticipate that Talkspace, Inc. will post 0.14 EPS for the current fiscal year.

Talkspace Profile

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.