Verition Fund Management LLC Makes New $170,000 Investment in Yext, Inc. (NYSE:YEXT)

Verition Fund Management LLC acquired a new position in Yext, Inc. (NYSE:YEXT – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,176 shares of the company’s stock, valued at approximately $170,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AlphaCrest Capital Management LLC lifted its stake in shares of Yext by 148.7% during the second quarter. AlphaCrest Capital Management LLC now owns 536,388 shares of the company’s stock valued at $2,564,000 after acquiring an additional 320,693 shares during the period. Delphia USA Inc. bought a new stake in Yext in the second quarter valued at about $117,000. Trexquant Investment LP bought a new stake in Yext in the second quarter valued at about $756,000. Summit Trail Advisors LLC increased its holdings in Yext by 3.2% in the second quarter. Summit Trail Advisors LLC now owns 92,754 shares of the company’s stock valued at $443,000 after purchasing an additional 2,916 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in Yext in the third quarter valued at about $124,000. Institutional investors and hedge funds own 65.85% of the company’s stock.

Yext Trading Down 6.7 %

NYSE YEXT opened at $8.52 on Friday. The stock has a 50-day simple moving average of $7.16 and a 200 day simple moving average of $5.86. The company has a market capitalization of $1.04 billion, a PE ratio of -16.38 and a beta of 1.13. Yext, Inc. has a 12 month low of $4.00 and a 12 month high of $9.67.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their price objective on Yext from $6.50 to $10.00 in a report on Thursday.

Insiders Place Their Bets

In other Yext news, Director Brian Distelburger sold 22,800 shares of the stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $6.13, for a total value of $139,764.00. Following the completion of the sale, the director now directly owns 3,116,430 shares in the company, valued at $19,103,715.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Ho Shin sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $6.41, for a total transaction of $128,200.00. Following the completion of the transaction, the general counsel now directly owns 84,471 shares of the company’s stock, valued at $541,459.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Distelburger sold 22,800 shares of the company’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $6.13, for a total value of $139,764.00. Following the transaction, the director now directly owns 3,116,430 shares of the company’s stock, valued at $19,103,715.90. The disclosure for this sale can be found here. Insiders sold 88,425 shares of company stock worth $547,645 over the last ninety days. 8.50% of the stock is currently owned by corporate insiders.

Yext 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.