MetLife Investment Management LLC Sells 4,006 Shares of Yext, Inc. (NYSE:YEXT)

MetLife Investment Management LLC cut its stake in Yext, Inc. (NYSE:YEXT) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,774 shares of the company’s stock after selling 4,006 shares during the period. MetLife Investment Management LLC’s holdings in Yext were worth $400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lynrock Lake LP grew its holdings in Yext by 23.8% during the 2nd quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock worth $44,231,000 after acquiring an additional 1,591,791 shares during the period. Federated Hermes Inc. grew its stake in Yext by 86.6% during the second quarter. Federated Hermes Inc. now owns 2,748,420 shares of the company’s stock worth $14,704,000 after purchasing an additional 1,275,348 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Yext by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock worth $25,332,000 after purchasing an additional 526,043 shares in the last quarter. King Luther Capital Management Corp acquired a new position in Yext in the second quarter valued at approximately $936,000. Finally, Algert Global LLC boosted its holdings in shares of Yext by 410.4% during the 2nd quarter. Algert Global LLC now owns 317,046 shares of the company’s stock worth $1,696,000 after buying an additional 254,924 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Yext

In other Yext news, Director Seth H. Waugh acquired 32,600 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were acquired at an average cost of $6.65 per share, with a total value of $216,790.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on YEXT shares. Needham & Company LLC raised Yext from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Thursday, September 5th. DA Davidson boosted their target price on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $7.50 price target (down previously from $8.00) on shares of Yext in a research report on Thursday, September 5th.

Yext Stock Up 0.7 %

Shares of YEXT stock opened at $8.51 on Monday. The firm has a market cap of $1.09 billion, a P/E ratio of -170.20 and a beta of 1.20. The company has a 50 day moving average of $7.49 and a 200-day moving average of $6.12. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.60.

Yext 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.