Wells Fargo & Company MN raised its holdings in Yext Inc (NYSE:YEXT) by 29,950.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,025 shares of the company’s stock after purchasing an additional 14,975 shares during the period. Wells Fargo & Company MN’s holdings in Yext were worth $200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada purchased a new position in shares of Yext in the second quarter worth about $100,000. Cubist Systematic Strategies LLC purchased a new position in shares of Yext in the second quarter worth about $146,000. Rhumbline Advisers purchased a new position in shares of Yext in the second quarter worth about $164,000. Alliancebernstein L.P. purchased a new position in shares of Yext in the second quarter worth about $172,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Yext in the second quarter worth about $173,000. Hedge funds and other institutional investors own 27.85% of the company’s stock.

In other Yext news, President Brian Distelburger sold 8,160 shares of Yext stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $12.64, for a total transaction of $103,142.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tom Christopher Dixon sold 12,500 shares of Yext stock in a transaction that occurred on Tuesday, February 6th. The shares were 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. Insiders sold 663,580 shares of company stock valued at $8,109,155 over the last 90 days.

YEXT has been the subject of several recent research reports. BidaskClub downgraded shares of Yext from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Piper Jaffray Companies restated a “buy” rating and issued a $17.00 price objective on shares of Yext in a research report on Thursday, October 12th. KeyCorp upgraded shares of Yext from a “sector weight” rating to an “overweight” rating in a research report on Monday, October 16th. Finally, Zacks Investment Research upgraded shares of Yext from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Yext has an average rating of “Hold” and an average price target of $16.20.

Yext Inc (NYSE YEXT) opened at $10.84 on Friday. Yext Inc has a 1 year low of $10.58 and a 1 year high of $15.11. The company has a market cap of $988.94 and a P/E ratio of -11.53.

Yext (NYSE:YEXT) last released its quarterly earnings data on Thursday, November 30th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). Yext had a negative net margin of 40.63% and a negative return on equity of 157.17%. equities analysts forecast that Yext Inc will post -0.7 EPS for the current fiscal year.

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Yext Profile

Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

Institutional Ownership by Quarter for Yext (NYSE:YEXT)

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