Lead Edge Capital Management LLC Purchases Shares of 7,843,296 Yext $YEXT

Lead Edge Capital Management LLC purchased a new position in shares of Yext (NYSE:YEXT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,843,296 shares of the company’s stock, valued at approximately $36,628,192,000. Yext comprises 6.7% of Lead Edge Capital Management LLC’s holdings, making the stock its 8th largest position. Lead Edge Capital Management LLC owned 7.82% of Yext as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. purchased a new stake in Yext during the first quarter worth approximately $1,503,000. OP Asset Management Ltd purchased a new position in Yext in the first quarter valued at approximately $3,915,000. Dimensional Fund Advisors LP raised its holdings in Yext by 21.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,131,636 shares of the company’s stock worth $8,185,000 after purchasing an additional 373,953 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in Yext during the fourth quarter worth approximately $1,814,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Yext during the 4th quarter worth approximately $1,458,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Yext news, Director Seth H. Waugh purchased 133,000 shares of Yext stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $3.75 per share, for a total transaction of $498,750.00. Following the transaction, the director directly owned 319,411 shares in the company, valued at $1,197,791.25. This trade represents a 71.35% 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 Daniel J. Englander acquired 76,190 shares of the stock in a transaction on Monday, July 13th. The shares were acquired at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the transaction, the director directly owned 141,190 shares in the company, valued at $737,011.80. The trade was a 117.22% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on YEXT shares. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings raised shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Yext has a consensus rating of “Hold” and a consensus price target of $6.67.

Yext Trading Up 3.1%

YEXT opened at $6.55 on Tuesday. The firm has a market cap of $656.34 million, a price-to-earnings ratio of 93.53 and a beta of 1.13. Yext has a 52 week low of $3.27 and a 52 week high of $9.20. The business’s 50 day moving average is $5.22 and its two-hundred day moving average is $4.70. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03.

Yext Company 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.