2 weeks Ago By ABMN Staff
Lynrock Lake LP lifted its holdings in Yext, Inc. ( NYSE:YEXT – Free Report ) by 23.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 8,267,487 shares of the company’s stock after purchasing an additional 1,591,791 shares during the quarter. Yext accounts for approximately 2.9% of Lynrock Lake LP’s investment portfolio, making the stock its 11th biggest holding.
Lynrock Lake LP owned 6.55% of Yext worth $44,231,000 at the end of the most recent quarter. Other large investors have also added to or reduced their stakes in the company.
The Manufacturers Life Insurance Company grew its position in shares of Yext by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock valued at $25,332,000 after acquiring an additional 526,043 shares during the period.
The Manufacturers Life Insurance Company raised its stake in Yext by 5.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,373,576 shares of the company’s stock valued at $19,870,000 after buying an additional 176,063 shares during the period.
Federated Hermes Inc. boosted its stake in shares of Yext by 86.6% during the 2nd quarter.
Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after acquiring an additional 1,275,348 shares during the period. Invenomic Capital Management LP increased its holdings in shares of Yext by 67.
0% during the 1st quarter. Invenomic Capital Management LP now owns 1,503,960 shares of the company’s stock worth $9,069,000 after acquiring an additional 603,598 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Yext by 1.
9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,202,064 shares of the company’s stock valued at $6,430,000 after acquiring an additional 22,989 shares during the period. Institutional investors and hedge funds own 70.
98% of the company’s stock. Yext Stock Up 0.5 % Shares of Yext stock opened at $6.
44 on Friday. The company has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $5.
49. Yext, Inc. has a twelve month low of $4.
29 and a twelve month high of $7.53. The stock has a market capitalization of $812.
34 million, a price-to-earnings ratio of -128.80 and a beta of 1.17.
Analyst Upgrades and Downgrades YEXT has been the topic of several research analyst reports. Roth Mkm reissued a “buy” rating and issued a $7.50 price objective (down from $8.
00) on shares of Yext in a research report on Thursday, September 5th. DA Davidson raised their price objective on shares of Yext from $5.50 to $5.
75 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Finally, Needham & Company LLC raised Yext from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Thursday, September 5th.
Read Our Latest Research Report on Yext Insider Buying and Selling at Yext In other Yext news, Director Seth H. Waugh bought 32,600 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average cost of $6.
65 per share, for a total transaction of $216,790.00. Following the completion of the purchase, the director now directly owns 153,350 shares of the company’s stock, valued at $1,019,777.
50. The acquisition was disclosed in a filing with the SEC, which is available at this link . Insiders own 8.
40% of the company’s stock. Yext Company Profile ( Free Report ) Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.
Read More Want to see what other hedge funds are holding YEXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yext, Inc. ( NYSE:YEXT – Free Report ).
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