Yext $YEXT Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its position in shares of Yext (NYSE:YEXT) by 96.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,648 shares of the company’s stock after selling 414,219 shares during the quarter. Lazard Asset Management LLC’s holdings in Yext were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YEXT. Gabelli Funds LLC boosted its holdings in shares of Yext by 58.3% in the first quarter. Gabelli Funds LLC now owns 57,000 shares of the company’s stock valued at $219,000 after acquiring an additional 21,000 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of Yext in the 1st quarter valued at $38,000. Arrowstreet Capital Limited Partnership raised its position in Yext by 0.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,309,665 shares of the company’s stock valued at $5,029,000 after purchasing an additional 6,395 shares during the last quarter. Sei Investments Co. purchased a new stake in Yext in the 1st quarter valued at $79,000. Finally, State of Wyoming acquired a new stake in Yext during the 1st quarter worth $232,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Yext

In other news, Director Daniel J. Englander acquired 76,190 shares of the business’s stock in a transaction on Monday, July 13th. The stock was bought at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the transaction, the director owned 141,190 shares in the company, valued at $737,011.80. This represents a 117.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Seth H. Waugh acquired 133,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $3.75 per share, with a total value of $498,750.00. Following the transaction, the director owned 319,411 shares in the company, valued at $1,197,791.25. The trade was a 71.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 7.80% of the stock is owned by company insiders.

Yext Trading Up 3.1%

NYSE:YEXT opened at $5.75 on Friday. The firm has a market cap of $575.92 million, a P/E ratio of 82.07 and a beta of 1.13. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 6.03. The stock’s 50 day simple moving average is $4.77 and its 200-day simple moving average is $4.80. Yext has a 12-month low of $3.27 and a 12-month high of $9.20.

Analyst Ratings Changes

YEXT has been the topic of several research reports. Zacks Research raised shares of Yext from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Weiss Ratings raised shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.50.

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.