American International Group Inc. Grows Holdings in Yext Inc (YEXT)
American International Group Inc. raised its stake in shares of Yext Inc (NYSE:YEXT) by 94.5% in the 4th quarter, Holdings Channel reports. The firm owned 15,811 shares of the company’s stock after acquiring an additional 7,683 shares during the period. American International Group Inc.’s holdings in Yext were worth $190,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Segantii Capital Management Ltd bought a new position in shares of Yext during the 4th quarter valued at about $1,504,000. Vanguard Group Inc. bought a new position in shares of Yext during the 2nd quarter valued at about $10,627,000. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Yext by 85.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 39,000 shares of the company’s stock valued at $469,000 after purchasing an additional 18,000 shares during the last quarter. TIAA CREF Investment Management LLC bought a new position in shares of Yext during the 2nd quarter valued at about $429,000. Finally, Royce & Associates LP bought a new position in shares of Yext during the 4th quarter valued at about $890,000. 38.78% of the stock is owned by institutional investors and hedge funds.
Yext Inc (NYSE:YEXT) opened at $12.20 on Wednesday. Yext Inc has a 1-year low of $10.58 and a 1-year high of $15.11. The company has a market cap of $1,110.00 and a PE ratio of -12.84.
In related news, CFO Steven Cakebread sold 10,000 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $13.30, for a total value of $133,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Howard Lerman sold 30,000 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $12.16, for a total transaction of $364,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 655,420 shares of company stock valued at $7,826,495.
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Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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