Talkspace, Inc. $TALK Shares Bought by Carmignac Gestion

Carmignac Gestion grew its holdings in shares of Talkspace, Inc. (NASDAQ:TALK) by 279.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 556,771 shares of the company’s stock after buying an additional 410,125 shares during the period. Carmignac Gestion owned 0.33% of Talkspace worth $2,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TALK. Vanguard Group Inc. increased its position 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 acquiring an additional 483,012 shares during the period. Deutsche Bank AG boosted its position 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 period. Geode Capital Management LLC grew its stake in shares of Talkspace by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,413,825 shares of the company’s stock worth $12,395,000 after purchasing an additional 15,436 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Talkspace by 38.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,060,055 shares of the company’s stock worth $15,836,000 after purchasing an additional 855,015 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Talkspace by 39.7% during the fourth quarter. Royce & Associates LP now owns 3,036,360 shares of the company’s stock valued at $11,022,000 after purchasing an additional 862,098 shares during the period. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Talkspace Stock Performance

Shares of NASDAQ TALK remained flat at $5.25 during mid-day trading 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 released its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $61.67 million during the quarter, compared to analyst estimates of $67.99 million. Talkspace had a return on equity of 0.17% and a net margin of 0.08%. On average, analysts anticipate that Talkspace, Inc. will post 0.14 EPS for the current year.

Insider Activity at Talkspace

In other news, insider John Reilly sold 40,289 shares of the company’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 in the company, valued at $5,291,967.20. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Talkspace in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.