Insider Buying: Yext (NYSE:YEXT) Director Purchases $397,711.80 in Stock

Yext (NYSE:YEXT) Director Daniel Englander purchased 76,190 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Yext Stock Performance

Shares of Yext stock opened at $5.46 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 52 week low of $3.27 and a 52 week high of $9.20. The firm’s 50 day moving average is $4.19 and its two-hundred day moving average is $5.08. The firm has a market capitalization of $546.86 million, a P/E ratio of 77.93 and a beta of 1.14.

Institutional Trading of Yext

Several institutional investors and hedge funds have recently bought and sold shares of YEXT. Lynrock Lake LP increased its stake in Yext by 23.3% in the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after purchasing an additional 2,861,653 shares during the period. Hudson Bay Capital Management LP raised its holdings in shares of Yext by 126.2% in the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock valued at $23,797,000 after buying an additional 1,647,174 shares during the last quarter. OP Asset Management Ltd acquired a new stake in shares of Yext during the first quarter worth about $3,915,000. First Trust Advisors LP acquired a new stake in shares of Yext during the fourth quarter worth about $5,634,000. Finally, Millennium Management LLC purchased a new position in shares of Yext during the first quarter worth about $3,964,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on YEXT. Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Yext presently has a consensus rating of “Hold” and an average target price of $7.50.

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.