Yext $YEXT Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its stake in shares of Yext (NYSE:YEXT) by 98.4% during the first quarter, Holdings Channel reports. The institutional investor owned 28,074 shares of the company’s stock after selling 1,719,097 shares during the period. The Manufacturers Life Insurance Company’s holdings in Yext were worth $108,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System boosted its holdings in shares of Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after acquiring an additional 9,253 shares in the last quarter. Clearstead Advisors LLC raised its holdings in Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after purchasing an additional 2,784 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Yext during the first quarter worth approximately $38,000. Able Wealth Management LLC acquired a new stake in Yext in the first quarter worth approximately $48,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Yext in the first quarter worth approximately $49,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Yext Stock Performance

Shares of YEXT opened at $6.03 on Wednesday. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50 day moving average is $5.03 and its 200-day moving average is $4.70. Yext has a 12-month low of $3.27 and a 12-month high of $9.20. The stock has a market capitalization of $604.01 million, a P/E ratio of 86.07 and a beta of 1.13.

Insider Buying and Selling

In other Yext news, Director Daniel J. Englander bought 76,190 shares of Yext stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Seth H. Waugh purchased 133,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $3.75 per share, for a total transaction of $498,750.00. Following the transaction, the director owned 319,411 shares of the company’s stock, valued at $1,197,791.25. The trade was a 71.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 7.80% of the company’s stock.

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.