Yext $YEXT Position Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in Yext (NYSE:YEXT) by 89.5% during the first quarter, Holdings Channel reports. The institutional investor owned 42,800 shares of the company’s stock after selling 366,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Yext were worth $164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in YEXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Yext by 1.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock valued at $2,593,000 after buying an additional 4,802 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Yext during the 1st quarter worth $3,964,000. Creative Planning bought a new stake in shares of Yext during the 2nd quarter worth $109,000. Rhumbline Advisers grew its holdings in shares of Yext by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock worth $1,360,000 after acquiring an additional 4,444 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Yext by 35.9% in the 2nd quarter. American Century Companies Inc. now owns 222,726 shares of the company’s stock worth $1,893,000 after acquiring an additional 58,859 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Yext Stock Down 0.3%

Shares of NYSE:YEXT opened at $6.26 on Friday. The firm has a 50 day simple moving average of $5.13 and a 200 day simple moving average of $4.68. Yext has a 52 week low of $3.27 and a 52 week high of $9.20. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $627.55 million, a PE ratio of 89.43 and a beta of 1.13.

Insider Buying and Selling at Yext

In other Yext news, Director Daniel J. Englander bought 76,190 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was acquired at an average price of $5.22 per share, with a total value of $397,711.80. Following the completion of the transaction, the director directly owned 141,190 shares in the company, valued at approximately $737,011.80. This represents a 117.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Seth H. Waugh bought 133,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $3.75 per share, with a total value of $498,750.00. Following the transaction, the director owned 319,411 shares of the company’s stock, valued at $1,197,791.25. This trade represents a 71.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 7.80% of the stock is owned by insiders.

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.