Olympiad Research LP Sells 19,332 Shares of Yext, Inc. (NYSE:YEXT)

Olympiad Research LP lowered its stake in shares of Yext, Inc. (NYSE:YEXT) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,486 shares of the company’s stock after selling 19,332 shares during the quarter. Olympiad Research LP’s holdings in Yext were worth $349,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lynrock Lake LP lifted its holdings in Yext by 23.8% during the second quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock valued at $44,231,000 after purchasing an additional 1,591,791 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Yext by 12.5% during the second quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock valued at $25,332,000 after purchasing an additional 526,043 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Yext by 86.6% during the second quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock valued at $14,704,000 after purchasing an additional 1,275,348 shares during the last quarter. Invenomic Capital Management LP lifted its holdings in Yext by 67.0% during the first quarter. Invenomic Capital Management LP now owns 1,503,960 shares of the company’s stock valued at $9,069,000 after purchasing an additional 603,598 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Yext by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,202,064 shares of the company’s stock valued at $6,430,000 after purchasing an additional 22,989 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other Yext news, Director Seth H. Waugh purchased 32,600 shares of Yext stock in a transaction on Thursday, September 19th. The shares were acquired at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the completion of the transaction, the director now directly owns 153,350 shares of the company’s stock, valued at approximately $1,019,777.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 8.40% of the stock is owned by company insiders.

Yext Stock Performance

YEXT stock opened at $7.69 on Friday. The company’s 50 day moving average is $6.64 and its 200 day moving average is $5.73. Yext, Inc. has a 1-year low of $4.29 and a 1-year high of $7.82.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $97.90 million for the quarter, compared to analysts’ expectations of $98.15 million. Yext had a negative net margin of 1.68% and a negative return on equity of 3.35%. Yext’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) earnings per share. Research analysts forecast that Yext, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on YEXT. Roth Mkm reaffirmed a “buy” rating and set a $7.50 price objective (down from $8.00) on shares of Yext in a report on Thursday, September 5th. Needham & Company LLC raised shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Thursday, September 5th. Finally, DA Davidson increased their price target on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a report on Thursday, September 5th.

Yext Company Profile

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 offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.