Lead Edge Capital Management LLC Makes New Investment in Yext $YEXT

Lead Edge Capital Management LLC bought a new stake in Yext (NYSE:YEXT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,843,296 shares of the company’s stock, valued at approximately $36,628,192,000. Yext accounts for approximately 6.7% of Lead Edge Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Lead Edge Capital Management LLC owned approximately 0.08% of Yext at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New York State Teachers Retirement System lifted its holdings in shares of Yext by 9,253.0% during the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock worth $36,000 after purchasing an additional 9,253 shares during the period. Clearstead Advisors LLC grew its position in Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after buying an additional 2,784 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in Yext in the 1st quarter valued at $38,000. Legal & General Group Plc acquired a new position in Yext in the 2nd quarter valued at $39,000. Finally, Able Wealth Management LLC acquired a new position in Yext in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on YEXT shares. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research note 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 report on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.67.

Yext Stock Up 3.1%

Yext stock opened at $6.55 on Tuesday. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. Yext has a 1-year low of $3.27 and a 1-year high of $9.20. The company has a market cap of $656.34 million, a PE ratio of 93.53 and a beta of 1.13. The stock’s 50 day moving average price is $5.22 and its 200 day moving average price is $4.70.

Insider Buying and Selling at Yext

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

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.