BNP Paribas Financial Markets Sells 21,546 Shares of Yext, Inc. (NYSE:YEXT)

BNP Paribas Financial Markets lowered its position in Yext, Inc. (NYSE:YEXT) by 12.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 147,390 shares of the company’s stock after selling 21,546 shares during the period. BNP Paribas Financial Markets owned 0.12% of Yext worth $1,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in YEXT. Price T Rowe Associates Inc. MD boosted its holdings in Yext by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 50,598 shares of the company’s stock worth $306,000 after acquiring an additional 4,711 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Yext by 739.1% in the second quarter. SG Americas Securities LLC now owns 98,239 shares of the company’s stock worth $526,000 after acquiring an additional 86,531 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Yext by 27.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after acquiring an additional 3,385 shares in the last quarter. Gladius Capital Management LP bought a new position in Yext in the second quarter worth approximately $145,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Yext by 11.8% in the second quarter. Principal Financial Group Inc. now owns 93,516 shares of the company’s stock valued at $500,000 after purchasing an additional 9,849 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Yext Trading Down 17.1 %

Shares of YEXT opened at $7.06 on Wednesday. The company has a market capitalization of $903.12 million, a price-to-earnings ratio of -141.20 and a beta of 1.20. The stock has a 50 day moving average of $7.53 and a 200 day moving average of $6.16. Yext, Inc. has a 12 month low of $4.29 and a 12 month high of $8.75.

Analysts Set New Price Targets

A number of research firms have recently weighed in on YEXT. DA Davidson raised their target price on Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday. Needham & Company LLC raised their target price on Yext from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Roth Mkm restated a “buy” rating and issued a $10.50 target price (up previously from $7.50) on shares of Yext in a report on Tuesday.

Insider Activity at Yext

In other Yext news, Director Seth H. Waugh purchased 32,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of $6.65 per share, with a total value of $216,790.00. Following the completion of the transaction, the director now owns 153,350 shares of the company’s stock, valued at $1,019,777.50. The trade was a 27.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 8.40% of the stock is currently owned by company insiders.

About Yext

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.