Yext $YEXT Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Yext (NYSE:YEXT) by 173.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 210,094 shares of the company’s stock after acquiring an additional 133,347 shares during the period. Quantinno Capital Management LP’s holdings in Yext were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Lynrock Lake LP raised its stake in Yext by 23.3% during the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after acquiring an additional 2,861,653 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in shares of Yext by 126.2% in the 4th 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. OP Asset Management Ltd acquired a new position in shares of Yext in the first quarter valued at approximately $3,915,000. First Trust Advisors LP acquired a new position in shares of Yext in the fourth quarter valued at approximately $5,634,000. Finally, Millennium Management LLC acquired a new position in shares of Yext in the first quarter valued at approximately $3,964,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on YEXT. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Zacks Research raised shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.67.

Insider Buying and Selling

In other Yext news, Director Seth H. Waugh purchased 133,000 shares of Yext stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $3.75 per share, with a total value of $498,750.00. Following the acquisition, the director directly owned 319,411 shares of the company’s stock, valued at $1,197,791.25. This represents a 71.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Englander purchased 76,190 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the purchase, the director owned 141,190 shares of the company’s stock, valued at approximately $737,011.80. This represents a 117.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 7.80% of the company’s stock.

Yext Price Performance

Shares of NYSE:YEXT opened at $5.86 on Tuesday. Yext has a 52 week low of $3.27 and a 52 week high of $9.20. The company has a 50-day moving average price of $4.98 and a 200 day moving average price of $4.71. The company has a market cap of $587.45 million, a P/E ratio of 83.71 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03.

Yext Company Profile

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.