Yext (NYSE:YEXT) Director Buys $397,711.80 in Stock

Key Points

• Yext Director Daniel Englander bought 76,190 shares at $5.22 each, a transaction worth $397,711.80, and increased his holdings by 117.22% to 141,190 shares.
• Yext shares edged up to $5.22 on Monday, with the company valued at about $523.61 million; the stock has traded between $3.27 and $9.20 over the past year.
• Analyst sentiment remains mixed but cautious, with an overall Hold rating and an average target price of $7.50; meanwhile, hedge funds and other institutional investors own about 70.98% of the stock.

Yext (NYSE:YEXT - Get Free Report) Director Daniel Englander acquired 76,190 shares of the business's stock in a transaction on Monday, July 13th. The shares were purchased at an average price of $5.22 per share, with a total value of $397,711.80. Following the transaction, the director owned 141,190 shares in the company, valued at $737,011.80. The trade was a 117.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Yext Stock Performance

Shares of Yext stock traded up $0.13 on Monday, reaching $5.22. 1,125,766 shares of the stock were exchanged, compared to its average volume of 1,403,993. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 6.03. The firm has a market capitalization of $523.61 million, a PE ratio of 74.61 and a beta of 1.14. Yext has a 1-year low of $3.27 and a 1-year high of $9.20. The business has a fifty day moving average price of $4.14 and a two-hundred day moving average price of $5.12.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on YEXT shares. Wall Street Zen downgraded Yext from a "buy" rating to a "hold" rating in a research note on Sunday, May 3rd. Weiss Ratings raised 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 given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $7.50.

Hedge Funds Weigh In On Yext

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

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.

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