Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 699,100 Yext, Inc. (NYSE:YEXT)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Yext, Inc. (NYSE:YEXTGet Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 699,100 shares of the company’s stock, valued at approximately $4,817,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.53% of Yext as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its stake in shares of Yext by 204.4% in the fourth quarter. Acadian Asset Management LLC now owns 5,473 shares of the company’s stock worth $54,000 after buying an additional 3,675 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Yext in the first quarter worth $75,000. Point72 Hong Kong Ltd lifted its stake in shares of Yext by 40.5% in the fourth quarter. Point72 Hong Kong Ltd now owns 8,236 shares of the company’s stock worth $82,000 after buying an additional 2,374 shares during the last quarter. Keybank National Association OH acquired a new stake in shares of Yext in the first quarter worth $82,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Yext in the first quarter worth $85,000. 68.47% of the stock is currently owned by institutional investors and hedge funds.

Yext Price Performance

Shares of Yext stock opened at $4.18 on Friday. The firm has a market capitalization of $516.60 million, a PE ratio of -5.29 and a beta of 1.32. The company’s fifty day moving average price is $4.72 and its two-hundred day moving average price is $5.59. Yext, Inc. has a 52-week low of $4.00 and a 52-week high of $13.31.

Yext (NYSE:YEXTGet Rating) last announced its quarterly earnings results on Wednesday, June 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. The firm had revenue of $98.80 million for the quarter, compared to analyst estimates of $96.71 million. Yext had a negative net margin of 25.53% and a negative return on equity of 49.72%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) EPS. Analysts predict that Yext, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Yext

In other news, CRO Brian Distelburger sold 8,198 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $5.36, for a total value of $43,941.28. Following the sale, the executive now owns 3,107,156 shares of the company’s stock, valued at approximately $16,654,356.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CRO Brian Distelburger sold 8,198 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $5.36, for a total value of $43,941.28. Following the sale, the executive now owns 3,107,156 shares of the company’s stock, valued at approximately $16,654,356.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Marc Ferrentino sold 16,486 shares of the company’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $5.36, for a total transaction of $88,364.96. Following the completion of the sale, the chief operating officer now directly owns 129,182 shares in the company, valued at approximately $692,415.52. The disclosure for this sale can be found here. Insiders have sold 71,947 shares of company stock valued at $377,836 in the last 90 days. 8.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, DA Davidson set a $6.00 target price on shares of Yext in a research note on Monday, June 20th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, Yext presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Yext Company Profile

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Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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Institutional Ownership by Quarter for Yext (NYSE:YEXT)

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