Clearbridge Investments LLC raised its position in Yext (NYSE:YEXT) by 124.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 842,563 shares of the company’s stock after purchasing an additional 466,631 shares during the quarter. Clearbridge Investments LLC owned 0.92% of Yext worth $10,136,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YEXT. Bamco Inc. NY increased its position in Yext by 18.6% during the fourth quarter. Bamco Inc. NY now owns 1,756,349 shares of the company’s stock worth $21,129,000 after buying an additional 275,000 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in Yext by 200.0% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 1,500,000 shares of the company’s stock worth $18,045,000 after buying an additional 1,000,000 shares during the last quarter. BlackRock Inc. increased its position in Yext by 73.5% during the fourth quarter. BlackRock Inc. now owns 1,257,040 shares of the company’s stock worth $15,122,000 after buying an additional 532,722 shares during the last quarter. Vanguard Group Inc. acquired a new position in Yext during the second quarter worth approximately $10,627,000. Finally, Grand Jean Capital Management Inc. increased its position in Yext by 602.5% during the fourth quarter. Grand Jean Capital Management Inc. now owns 621,293 shares of the company’s stock worth $7,474,000 after buying an additional 532,856 shares during the last quarter. 38.78% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on YEXT. KeyCorp restated a “buy” rating and set a $16.00 price objective on shares of Yext in a report on Sunday, December 10th. Zacks Investment Research cut Yext from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. Finally, Piper Jaffray restated a “buy” rating and set a $16.00 price objective on shares of Yext in a report on Friday, March 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.00.
Shares of YEXT stock traded down $0.06 during trading on Friday, hitting $12.39. The company had a trading volume of 368,303 shares, compared to its average volume of 832,603. Yext has a one year low of $10.58 and a one year high of $15.11. The stock has a market cap of $1,130.35 and a P/E ratio of -14.58.
Yext (NYSE:YEXT) last announced its quarterly earnings data on Thursday, March 8th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.01). Yext had a negative net margin of 39.11% and a negative return on equity of 69.04%. The firm had revenue of $48.02 million for the quarter, compared to analyst estimates of $47.88 million. equities research analysts predict that Yext will post -0.7 earnings per share for the current fiscal year.
In other news, CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $11.22, for a total transaction of $336,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tom Christopher Dixon sold 12,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $10.78, for a total transaction of $134,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 793,941 shares of company stock valued at $9,593,632.
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Yext Company Profile
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. 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 PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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