Centiva Capital LP Trims Stock Position in Yext, Inc. (NYSE:YEXT)

Centiva Capital LP decreased its holdings in Yext, Inc. (NYSE:YEXT) by 76.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,441 shares of the company’s stock after selling 67,759 shares during the quarter. Centiva Capital LP’s holdings in Yext were worth $141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lynrock Lake LP grew its holdings in Yext by 23.8% in 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 period. The Manufacturers Life Insurance Company grew its stake in shares of Yext by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock valued at $25,332,000 after buying an additional 526,043 shares during the period. Federated Hermes Inc. increased its holdings in shares of Yext by 86.6% during the 2nd quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after buying an additional 1,275,348 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Yext by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,202,064 shares of the company’s stock worth $6,430,000 after buying an additional 22,989 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Yext by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,192,819 shares of the company’s stock valued at $8,254,000 after purchasing an additional 47,983 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on YEXT. Roth Mkm reaffirmed a “buy” rating and set a $10.50 price target (up previously from $7.50) on shares of Yext in a research note on Tuesday. DA Davidson boosted their target price on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Needham & Company LLC increased their price target on shares of Yext from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday.

Yext Stock Performance

Yext stock opened at $6.50 on Friday. Yext, Inc. has a 1 year low of $4.29 and a 1 year high of $8.75. The firm’s 50-day moving average is $7.53 and its 200-day moving average is $6.18. The company has a market cap of $828.89 million, a P/E ratio of -43.30 and a beta of 1.20.

Insider Buying and Selling at Yext

In other news, Director Seth H. Waugh acquired 32,600 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of $6.65 per share, for a total transaction of $216,790.00. Following the transaction, the director now directly owns 153,350 shares in the company, valued at $1,019,777.50. This trade represents a 27.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.40% of the stock is currently owned by insiders.

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.