Yext $YEXT is Lead Edge Capital Management LLC’s 8th Largest Position

Lead Edge Capital Management LLC cut its stake in shares of Yext (NYSE:YEXT) by 38.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,843,296 shares of the company’s stock after selling 4,948,782 shares during the quarter. Yext accounts for about 7.4% of Lead Edge Capital Management LLC’s holdings, making the stock its 8th largest position. Lead Edge Capital Management LLC owned approximately 0.08% of Yext worth $30,118,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Haven Private LLC raised its stake in shares of Yext by 3.3% in the fourth quarter. Haven Private LLC now owns 59,248 shares of the company’s stock worth $478,000 after buying an additional 1,886 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Yext by 6.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock valued at $266,000 after acquiring an additional 2,016 shares during the period. Clearstead Advisors LLC increased its holdings in Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after acquiring an additional 2,784 shares in the last quarter. Creative Planning increased its holdings in Yext by 29.5% in the 3rd quarter. Creative Planning now owns 16,651 shares of the company’s stock worth $142,000 after acquiring an additional 3,789 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Yext by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock worth $1,360,000 after acquiring an additional 4,444 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, Director Daniel J. Englander acquired 76,190 shares of the firm’s stock in a transaction dated 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 acquisition, the director directly owned 141,190 shares of the company’s stock, valued at approximately $737,011.80. The trade was a 117.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Seth H. Waugh bought 133,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $3.75 per share, with a total value of $498,750.00. Following the completion of the transaction, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 7.80% of the stock is currently owned by corporate insiders.

Yext Trading Up 1.9%

Shares of Yext stock opened at $5.01 on Friday. Yext has a twelve month low of $3.27 and a twelve month high of $9.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. The business has a 50-day moving average price of $4.40 and a 200-day moving average price of $4.96. The firm has a market cap of $502.75 million, a price-to-earnings ratio of 71.64 and a beta of 1.14.

Wall Street Analyst Weigh In

YEXT has been the topic of several analyst reports. Zacks Research raised shares of Yext from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.