Rangeley Capital LLC trimmed its holdings in shares of Yext (NYSE:YEXT – Free Report) by 83.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 99,328 shares of the company’s stock after selling 486,032 shares during the period. Rangeley Capital LLC’s holdings in Yext were worth $381,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of YEXT. Lynrock Lake LP boosted 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 in the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 valued at $47,561,000 after acquiring an additional 371,253 shares during the last quarter. Hudson Bay Capital Management LP raised 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 acquiring an additional 1,647,174 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Yext by 21.3% in the 1st 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 during the last quarter. 70.98% of the stock is currently owned by institutional investors.
Insider Activity
In other Yext news, Director Daniel J. Englander bought 76,190 shares of the 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 acquisition, the director directly owned 141,190 shares of the company’s stock, valued at $737,011.80. This represents a 117.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Seth H. Waugh purchased 133,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the transaction, the director owned 319,411 shares in the company, valued at approximately $1,197,791.25. This trade represents a 71.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 7.80% of the stock is currently owned by insiders.
Yext Trading Up 0.3%
Analysts Set New Price Targets
A number of brokerages have issued reports on YEXT. Weiss Ratings raised Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Zacks Research raised shares of Yext from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Yext currently has a consensus rating of “Moderate Buy” and an average target price of $7.50.
View Our Latest Research Report on YEXT
Yext 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.
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