Yext (NYSE:YEXT) Director Daniel Englander Acquires 76,190 Shares of Stock

Yext (NYSE:YEXT) Director Daniel Englander purchased 76,190 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of the transaction, the director directly owned 141,190 shares of the company’s stock, valued at $737,011.80. The trade was a 117.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Yext Stock Performance

Shares of Yext stock opened at $5.22 on Tuesday. The business’s fifty day simple moving average is $4.14 and its 200 day simple moving average is $5.12. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 12 month low of $3.27 and a 12 month high of $9.20. The firm has a market capitalization of $523.61 million, a P/E ratio of 74.61 and a beta of 1.14.

Institutional Trading of Yext

Hedge funds have recently made changes to their positions in the company. Lynrock Lake LP grew its stake in shares of Yext by 23.3% during the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after acquiring an additional 2,861,653 shares during the period. The Manufacturers Life Insurance Company raised its stake in Yext by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock valued at $47,561,000 after acquiring an additional 371,253 shares during the period. Hudson Bay Capital Management LP lifted its holdings in Yext by 126.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock valued at $23,797,000 after purchasing an additional 1,647,174 shares during the last quarter. Geode Capital Management LLC boosted its position in Yext by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,602,559 shares of the company’s stock worth $20,980,000 after purchasing an additional 23,914 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Yext by 21.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,131,636 shares of the company’s stock worth $8,185,000 after purchasing an additional 373,953 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Yext currently has a consensus rating of “Hold” and an average target price of $7.50.

About Yext

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.