Renaissance Technologies LLC lessened its position in shares of Yext (NYSE:YEXT – Free Report) by 89.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,800 shares of the company’s stock after selling 366,400 shares during the period. Renaissance Technologies LLC’s holdings in Yext were worth $164,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Yext by 1.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock valued at $2,593,000 after acquiring an additional 4,802 shares in the last quarter. Millennium Management LLC acquired a new position in Yext in the first quarter worth $3,964,000. Creative Planning acquired a new position in Yext in the second quarter worth $109,000. Rhumbline Advisers increased its stake in Yext by 2.9% during the second quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock valued at $1,360,000 after purchasing an additional 4,444 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Yext by 35.9% during the second quarter. American Century Companies Inc. now owns 222,726 shares of the company’s stock valued at $1,893,000 after purchasing an additional 58,859 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.
Insiders Place Their Bets
In other news, Director Seth H. Waugh purchased 133,000 shares of Yext stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $3.75 per share, with a total value of $498,750.00. Following the completion of the acquisition, the director owned 319,411 shares in the company, valued at $1,197,791.25. The trade was a 71.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Englander purchased 76,190 shares of the stock in a transaction dated 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 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 position. The disclosure for this purchase is available in the SEC filing. Company insiders own 7.80% of the company’s stock.
Wall Street Analyst Weigh In
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Yext Trading Down 0.3%
NYSE:YEXT opened at $6.26 on Friday. The firm has a market capitalization of $627.55 million, a P/E ratio of 89.43 and a beta of 1.13. The business has a 50 day simple moving average of $5.13 and a 200 day simple moving average of $4.68. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. Yext has a 12-month low of $3.27 and a 12-month high of $9.20.
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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