Dimensional Fund Advisors LP Takes Position in Talkspace, Inc. (NASDAQ:TALK)

Dimensional Fund Advisors LP acquired a new position in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 400,358 shares of the company's stock, valued at approximately $921,000. Dimensional Fund Advisors LP owned 0.24% of Talkspace at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP lifted its holdings in Talkspace by 5.3% in the 1st quarter. GSA Capital Partners LLP now owns 236,921 shares of the company's stock valued at $846,000 after purchasing an additional 11,977 shares in the last quarter. Fifth Lane Capital LP purchased a new position in shares of Talkspace in the 1st quarter valued at $55,000. Principal Financial Group Inc. purchased a new position in Talkspace in the second quarter valued at about $38,000. Essex Investment Management Co. LLC raised its holdings in shares of Talkspace by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 1,339,494 shares of the company's stock valued at $4,782,000 after buying an additional 20,613 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Talkspace during the first quarter valued at approximately $74,000. 57.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Talkspace news, CFO Ian Jiro Harris acquired 19,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average cost of $2.20 per share, with a total value of $42,900.00. Following the acquisition, the chief financial officer now directly owns 347,057 shares of the company's stock, valued at $763,525.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.40% of the stock is owned by insiders.

Talkspace Trading Up 4.5 %

Talkspace stock traded up $0.11 during mid-day trading on Monday, reaching $2.56. The company's stock had a trading volume of 2,847,285 shares, compared to its average volume of 1,512,686. Talkspace, Inc. has a twelve month low of $1.41 and a twelve month high of $3.92. The business has a 50 day moving average price of $1.97 and a 200-day moving average price of $2.41. The firm has a market cap of $434.39 million, a price-to-earnings ratio of -32.00 and a beta of 1.21.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed 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.