BlackRock Updates Passive Stake in Yext, Inc. (SC 13G/A)
Ticker: YEXT · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1614178
| Field | Detail |
|---|---|
| Company | Yext, INC. (YEXT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Yext holdings, confirming its passive investment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Yext, Inc. common stock as of December 31, 2023. This filing, Amendment No. 5, updates BlackRock's passive investment stake in Yext. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Yext's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's continued, albeit passive, interest in Yext, which can be a positive signal for other investors, indicating a large institutional holder sees value in the company.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake in Yext, but this filing alone doesn't suggest a need for immediate action. It's a routine disclosure of an institutional holding.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Yext, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 5 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 5)' sections.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.'.
What is the 'Subject Company' or 'Issuer' of the securities being reported?
The 'Subject Company' or 'Issuer' is Yext, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Yext, Inc.' and '(Name of Issuer) Yext, Inc.'.
What is the CUSIP Number for the securities reported?
The CUSIP Number is 98585N106, as listed under '(CUSIP Number) 98585N106' and 'CUSIP No. 98585N106'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Yext, Inc. (YEXT).