Holocene Advisors LP Purchases 220,749 Shares of Yext, Inc. (NYSE:YEXT)

Holocene Advisors LP boosted its position in Yext, Inc. (NYSE:YEXT) by 562.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,982 shares of the company’s stock after purchasing an additional 220,749 shares during the quarter. Holocene Advisors LP’s holdings in Yext were worth $3,765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Yext in the 1st quarter valued at $51,000. Russell Investments Group Ltd. acquired a new position in Yext in the 1st quarter valued at $112,000. Franklin Resources Inc. acquired a new position in Yext in the 1st quarter valued at $174,000. XTX Topco Ltd acquired a new position in Yext in the 1st quarter valued at $186,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Yext by 8.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 13,122 shares of the company’s stock valued at $190,000 after acquiring an additional 1,045 shares in the last quarter. Institutional investors and hedge funds own 72.24% of the company’s stock.

Separately, Zacks Investment Research raised Yext from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, June 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $17.58.

In related news, CEO Howard Lerman sold 7,524 shares of the business’s stock in a transaction on Wednesday, June 23rd. The stock was sold at an average price of $15.00, for a total transaction of $112,860.00. Following the sale, the chief executive officer now owns 3,147,953 shares in the company, valued at approximately $47,219,295. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Ho Shin sold 6,000 shares of the business’s stock in a transaction on Wednesday, June 23rd. The stock was sold at an average price of $14.45, for a total value of $86,700.00. Following the sale, the general counsel now owns 27,556 shares in the company, valued at approximately $398,184.20. The disclosure for this sale can be found here. Insiders have sold a total of 151,086 shares of company stock valued at $2,226,301 in the last three months. 12.40% of the stock is owned by insiders.

Yext stock opened at $13.17 on Thursday. Yext, Inc. has a 52 week low of $12.01 and a 52 week high of $20.90. The firm has a market cap of $1.66 billion, a PE ratio of -19.37 and a beta of 1.41. The stock’s fifty day simple moving average is $13.66.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, May 26th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Yext had a negative return on equity of 40.41% and a negative net margin of 23.00%. The company had revenue of $92.00 million during the quarter, compared to analysts’ expectations of $88.60 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. Yext’s revenue was up 7.7% on a year-over-year basis. As a group, equities analysts anticipate that Yext, Inc. will post -0.7 EPS for the current year.

About Yext

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 provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews through its Knowledge Network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories and social networks.

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Institutional Ownership by Quarter for Yext (NYSE:YEXT)

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