Ho Shin Sells 35,000 Shares of Yext, Inc. (NYSE:YEXT) Stock

Yext, Inc. (NYSE:YEXT) General Counsel Ho Shin sold 35,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $5.04, for a total value of $176,400.00. Following the transaction, the general counsel now directly owns 125,207 shares in the company, valued at $631,043.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Yext Trading Up 0.8 %

Shares of NYSE:YEXT opened at $4.86 on Thursday. The firm’s 50 day moving average price is $5.27 and its 200-day moving average price is $5.66. Yext, Inc. has a twelve month low of $4.29 and a twelve month high of $11.66.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in shares of Yext by 48.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,197,513 shares of the company’s stock worth $20,240,000 after purchasing an additional 1,048,244 shares in the last quarter. Invenomic Capital Management LP raised its stake in shares of Yext by 67.0% in the first quarter. Invenomic Capital Management LP now owns 1,503,960 shares of the company’s stock worth $9,069,000 after buying an additional 603,598 shares during the period. Circumference Group LLC purchased a new position in shares of Yext during the 4th quarter valued at about $2,503,000. Horrell Capital Management Inc. grew its stake in shares of Yext by 87.7% during the 1st quarter. Horrell Capital Management Inc. now owns 797,800 shares of the company’s stock valued at $4,811,000 after acquiring an additional 372,800 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Yext by 53.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 919,831 shares of the company’s stock worth $5,537,000 after acquiring an additional 321,812 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on YEXT. Roth Mkm reissued a “buy” rating and issued a $8.00 target price on shares of Yext in a research report on Tuesday, June 11th. B. Riley lowered their price objective on shares of Yext from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, March 7th. DA Davidson dropped their target price on shares of Yext from $7.25 to $5.50 and set a “neutral” rating on the stock in a report on Tuesday, June 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Yext in a research note on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.50.

About Yext

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.