AlpInvest Partners B.V. lessened its holdings in shares of Yext Inc (NYSE:YEXT) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,783 shares of the company’s stock after selling 81,510 shares during the period. Yext accounts for approximately 4.4% of AlpInvest Partners B.V.’s investment portfolio, making the stock its 10th biggest position. AlpInvest Partners B.V. owned about 0.15% of Yext worth $3,252,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ropes Wealth Advisors LLC purchased a new stake in Yext in the first quarter valued at approximately $33,000. Quantamental Technologies LLC purchased a new stake in Yext in the first quarter worth $46,000. Flagship Harbor Advisors LLC grew its position in shares of Yext by 4,800.0% in the first quarter. Flagship Harbor Advisors LLC now owns 2,450 shares of the company’s stock valued at $53,000 after purchasing an additional 2,400 shares in the last quarter. FMR LLC boosted its stake in Yext by 10.5% during the fourth quarter. FMR LLC now owns 9,462 shares of the company’s stock valued at $141,000 after buying an additional 900 shares during the period. Finally, New World Advisors LLC bought a new stake in Yext during the fourth quarter valued at $164,000. 57.88% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the stock. SunTrust Banks reissued a “buy” rating and set a $30.00 price objective on shares of Yext in a report on Monday, March 18th. Morgan Stanley raised their target price on shares of Yext from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Thursday, March 7th. Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research note on Saturday, April 27th. Finally, ValuEngine cut shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Yext has a consensus rating of “Buy” and an average target price of $23.71.
Yext (NYSE:YEXT) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. The firm had revenue of $68.71 million for the quarter, compared to the consensus estimate of $66.74 million. Yext had a negative return on equity of 68.88% and a negative net margin of 32.59%. The firm’s revenue was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) earnings per share. As a group, equities analysts anticipate that Yext Inc will post -0.86 earnings per share for the current year.
In related news, insider Tom Christopher Dixon sold 4,167 shares of Yext stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $19.22, for a total transaction of $80,089.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $18.25, for a total transaction of $547,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,113,415 shares of company stock worth $22,990,815. Corporate insiders own 17.00% of the company’s stock.
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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