Oppenheimer & Co. Inc. Sells 3,000 Shares of Yext, Inc. (NYSE:YEXT)

Posted by Defense World Staff on Feb 25th, 2023

Oppenheimer & Co. Inc. decreased its position in Yext, Inc. (NYSE:YEXT – Get Rating) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,262 shares of the company’s stock after selling 3,000 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.09% of Yext worth $483,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AlphaCrest Capital Management LLC raised its holdings in Yext by 148.7% in the second quarter. AlphaCrest Capital Management LLC now owns 536,388 shares of the company’s stock worth $2,564,000 after purchasing an additional 320,693 shares in the last quarter. Delphia USA Inc. purchased a new position in Yext in the second quarter worth about $117,000. Trexquant Investment LP purchased a new position in Yext in the second quarter worth about $756,000. Exchange Traded Concepts LLC raised its stake in shares of Yext by 16.0% in the third quarter. Exchange Traded Concepts LLC now owns 81,094 shares of the company’s stock worth $362,000 after buying an additional 11,210 shares during the period. Finally, Good Life Advisors LLC bought a new position in shares of Yext in the third quarter worth about $45,000. Institutional investors own 65.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson lifted their target price on Yext to $6.50 in a research note on Monday, December 12th.

Insider Transactions at Yext

In other Yext news, Director Julie Richardson purchased 10,000 shares of the stock in a transaction on Monday, December 5th. The shares were bought at an average price of $6.13 per share, for a total transaction of $61,300.00. Following the completion of the transaction, the director now owns 81,409 shares of the company’s stock, valued at approximately $499,037.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Yext news, Director Brian Distelburger sold 45,625 shares of the firm’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $6.13, for a total transaction of $279,681.25. Following the completion of the sale, the director now owns 3,070,805 shares of the company’s stock, valued at $18,824,034.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Julie Richardson bought 10,000 shares of the business’s stock in a transaction on Monday, December 5th. The shares were acquired at an average cost of $6.13 per share, with a total value of $61,300.00. Following the purchase, the director now owns 81,409 shares of the company’s stock, valued at $499,037.17. The disclosure for this purchase can be found here. Insiders have sold 88,425 shares of company stock worth $547,645 over the last quarter. 8.50% of the stock is currently owned by insiders.

Yext Stock Performance

YEXT opened at $6.83 on Friday. Yext, Inc. has a 52-week low of $4.00 and a 52-week high of $8.20. The business has a fifty day moving average of $6.76 and a 200 day moving average of $5.63.

Yext (NYSE:YEXT – Get Rating) last released its quarterly earnings results on Wednesday, November 30th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.03. Yext had a negative return on equity of 49.73% and a negative net margin of 20.32%. The firm had revenue of $99.28 million during the quarter, compared to analyst estimates of $99.55 million. On average, analysts expect that Yext, Inc. will post -0.54 EPS for the current fiscal year.

Yext Company Profile

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Yext, Inc is an emerging growth company engaged in software development. It offers a cloud-based digital knowledge platform, which allows businesses to manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri, and Yelp.