Principal Financial Group Inc. Boosts Stock Holdings in Yext $YEXT

Principal Financial Group Inc. lifted its position in shares of Yext (NYSE:YEXT) by 88.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,920 shares of the company’s stock after acquiring an additional 120,223 shares during the period. Principal Financial Group Inc.’s holdings in Yext were worth $983,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in Yext in the 1st quarter valued at approximately $49,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Yext in the 1st quarter worth $219,000. New York State Teachers Retirement System raised its stake in shares of Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock worth $36,000 after purchasing an additional 9,253 shares during the last quarter. Able Wealth Management LLC purchased a new position in shares of Yext in the first quarter worth $48,000. Finally, Pictet Asset Management Holding SA bought a new position in shares of Yext during the first quarter valued at $59,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Stock Down 0.6%

Yext stock opened at $5.47 on Friday. Yext has a one year low of $3.27 and a one year high of $9.20. The stock has a fifty day moving average of $4.59 and a 200 day moving average of $4.87. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $548.87 million, a PE ratio of 78.21 and a beta of 1.14.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on YEXT shares. Zacks Research upgraded Yext from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Weiss Ratings raised shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Yext currently has an average rating of “Moderate Buy” and an average price target of $7.50.

Insider Transactions at Yext

In other news, Director Daniel J. Englander purchased 76,190 shares of the business’s stock in a transaction on Monday, July 13th. The stock was acquired at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the purchase, the director directly owned 141,190 shares in the company, valued at $737,011.80. This trade represents a 117.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Seth H. Waugh purchased 133,000 shares of Yext stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $3.75 per share, with a total value of $498,750.00. Following the transaction, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 7.80% of the company’s stock.

Yext Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.