Principal Financial Group Inc. Has $375,000 Position in Yext, Inc. (NYSE:YEXT)

Principal Financial Group Inc. reduced its holdings in Yext, Inc. (NYSE:YEXT) by 42.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,247 shares of the company’s stock after selling 39,269 shares during the period. Principal Financial Group Inc.’s holdings in Yext were worth $375,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its holdings in Yext by 18.2% in the third quarter. Harbor Capital Advisors Inc. now owns 22,002 shares of the company’s stock valued at $152,000 after buying an additional 3,384 shares during the period. US Bancorp DE raised its holdings in Yext by 331.4% in the third quarter. US Bancorp DE now owns 23,294 shares of the company’s stock worth $161,000 after purchasing an additional 17,894 shares during the period. Smith Group Asset Management LLC raised its holdings in Yext by 103.0% in the third quarter. Smith Group Asset Management LLC now owns 81,297 shares of the company’s stock worth $563,000 after purchasing an additional 41,241 shares during the period. Algert Global LLC raised its holdings in Yext by 410.4% in the second quarter. Algert Global LLC now owns 317,046 shares of the company’s stock worth $1,696,000 after purchasing an additional 254,924 shares during the period. Finally, Lynrock Lake LP raised 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 worth $44,231,000 after purchasing an additional 1,591,791 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Yext

In related news, Director Seth H. Waugh bought 32,600 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of $6.65 per share, for a total transaction of $216,790.00. Following the purchase, the director now owns 153,350 shares in the company, valued at $1,019,777.50. This represents a 27.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Yext Stock Up 5.8 %

Shares of YEXT stock opened at $8.41 on Monday. The firm has a fifty day moving average of $7.10 and a 200-day moving average of $5.92. Yext, Inc. has a 12-month low of $4.29 and a 12-month high of $8.41. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -168.20 and a beta of 1.17.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $97.90 million during the quarter, compared to the consensus estimate of $98.15 million. Yext had a negative net margin of 1.68% and a negative return on equity of 3.35%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. On average, equities analysts expect that Yext, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on YEXT. DA Davidson increased their target price on shares of Yext from $5.50 to $5.75 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Roth Mkm reiterated a “buy” rating and issued a $7.50 target price (down from $8.00) on shares of Yext in a report on Thursday, September 5th. Finally, Needham & Company LLC upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Thursday, September 5th.

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.