Institutional Investors Control 59% of Yext, Inc. (NYSE:YEXT) and Were Rewarded Last Week After Stock Increased 6.2%
Institutional Investors Control 59% of Yext, Inc. (NYSE:YEXT) and Were Rewarded Last Week After Stock Increased 6.2%
Key Insights
主要見解
- Given the large stake in the stock by institutions, Yext's stock price might be vulnerable to their trading decisions
- A total of 10 investors have a majority stake in the company with 52% ownership
- Recent purchases by insiders
- 考慮到機構在股票中所佔的大比例,Yext的股價可能會受到它們交易決策的影響
- 共有10位投資者持有該公司的大部分股份,佔有52%的所有權。
- 最近有內部人員購買。
To get a sense of who is truly in control of Yext, Inc. (NYSE:YEXT), it is important to understand the ownership structure of the business. With 59% stake, institutions possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
爲了了解誰真正控制着Yext, Inc. (紐約證券交易所:YEXT),重要的是要了解該企業的所有權結構。機構擁有59%的股份,是公司中持股最多的股東。換句話說,該集團面臨着最大的上行潛力(或下行風險)。
And things are looking up for institutional investors after the company gained US$58m in market cap last week. The one-year return on investment is currently 23% and last week's gain would have been more than welcomed.
上週公司市值增加了5800萬美元,機構投資者的情況正在好轉。目前的投資回報率爲23%,上週的收益將受到更多歡迎。
Let's delve deeper into each type of owner of Yext, beginning with the chart below.
讓我們深入研究Yext的每一種持有者,從下面的圖表開始。
What Does The Institutional Ownership Tell Us About Yext?
機構投資持股情況能告訴我們關於Yext的什麼?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
機構投資者通常將自己的回報與常見的指數回報進行比較。因此,他們通常會考慮購買包括在相關基準指數中的較大公司。
As you can see, institutional investors have a fair amount of stake in Yext. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Yext's earnings history below. Of course, the future is what really matters.
正如您所看到的,機構投資者在Yext擁有相當數量的股份。這意味着那些機構的分析師已經研究過這支股票,他們對它很看好。但和其他人一樣,他們也可能錯了。如果多家機構同時改變對一支股票的看法,你可能會看到股價迅速下跌。因此,值得查看下面Yext的盈利歷史。當然,未來才是真正重要的。
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. It looks like hedge funds own 6.5% of Yext shares. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. The Vanguard Group, Inc. is currently the company's largest shareholder with 12% of shares outstanding. With 10.0% and 7.6% of the shares outstanding respectively, Lead Edge Capital Management, LLC and BlackRock, Inc. are the second and third largest shareholders. Furthermore, CEO Michael Walrath is the owner of 1.1% of the company's shares.
投資者應該注意,機構實際擁有公司超過一半的股份,因此它們可以共同行使重大權力。 看起來,對手基金擁有Yext股份的6.5%。這值得注意,因爲對手基金通常是非常活躍的投資者,他們可能試圖影響管理層。 許多人希望短期或中期看到價值創造(及更高的股價)。目前,The Vanguard Group, Inc. 是公司最大的股東,持有公司12%的股份。 其次和第三大股東分別是持有公司10.0%和7.6%的Lead Edge Capital Management, LLC和BlackRock, Inc. 此外,CEO Michael Walrath 擁有公司1.1%的股份。
On further inspection, we found that more than half the company's shares are owned by the top 10 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.
進一步調查發現,該公司的股份超過一半由前十大股東持有,表明較大股東的利益在某種程度上被較小股東平衡。
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
儘管研究公司的機構持股可以增加您的研究價值,但研究分析師的建議也是一個好習慣,以更深入地了解股票的預期表現。有相當數量的分析師關注該股,因此了解他們對未來的總體觀點可能很有用。
Insider Ownership Of Yext
Yext的內部持股權
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
雖然內部人員的具體定義可能是主觀的,但幾乎所有人都認爲董事會成員是內部人員。公司管理層應向董事會回答問題,後者應代表股東的利益。值得注意的是,有時高層管理人員也會成爲董事會成員。
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
我通常認爲內部人士持股是一件好事。但是,在某些情況下,它會使其他股東更難以對董事會的決定進行問責。
We can report that insiders do own shares in Yext, Inc.. It has a market capitalization of just US$972m, and insiders have US$54m worth of shares, in their own names. This shows at least some alignment. You can click here to see if those insiders have been buying or selling.
我們可以報告說,在Yext,Inc.,內部人員擁有股份。其市值僅爲97200萬美元,內部人員擁有價值5400萬美元的股份,以自己的名義持有。這至少顯示出一定程度的一致性。您可以點擊這裏查看這些內部人員是否一直在買入或賣出。
General Public Ownership
一般大衆所有權
The general public, who are usually individual investors, hold a 19% stake in Yext. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
一般公衆,通常是個人投資者,在Yext持有19%的股份。雖然這個群體不一定能左右決策,但它確實可以對公司的運行產生真正的影響。
Private Equity Ownership
股權投資公司持有8.8%的股份,有能力參與塑造以價值創造爲重點的公司策略。一些投資者可能會因此而受到鼓舞,因爲股權投資公司有時可以鼓勵市場看到公司的價值,從而採取有益的策略。另外,那些持有者可能在將其上市後退出投資。
With a stake of 10%, private equity firms could influence the Yext board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere.
以10%的股權,股權投資公司可以影響Yext的董事會。有時我們會看到股權投資公司長揸股權,但一般來說,他們的投資週期較短,通常不會在公開公司中投資太多。一段時間後,他們可能會考慮出售股權,並在其他地方重新配置資本。
Next Steps:
下一步:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 1 warning sign for Yext you should be aware of.
我發現了解公司究竟由誰擁有很有趣。但要真正獲得洞察力,我們還需要考慮其他信息。舉個例子:我們已經發現了Yext的1個警告信號,你應該注意。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
最終,未來最重要。您可以在這份關於該公司分析師預測的免費報告中獲取有關信息。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。