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
關鍵見解
- 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
- 鑑於機構持有該股的大量股份,Yext的股價可能容易受到其交易決策的影響
- 共有10位投資者持有該公司的多數股權,擁有52%的所有權
- 內部人士最近的購買
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).
要了解誰真正控制了Yext, Inc.(紐約證券交易所代碼:YEXT),了解業務的所有權結構很重要。機構擁有59%的股份,是公司的最大股份。換句話說,該集團面臨最大的上行潛力(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.
在上週該公司的市值上漲了5800萬美元之後,機構投資者的情況正在好轉。目前,一年的投資回報率爲23%,上週的收益本來會非常受歡迎。
Let's delve deeper into each type of owner of Yext, beginning with the chart below.
讓我們從下圖開始,深入研究Yext的每種類型的所有者。
What Does The Institutional Ownership Tell Us About Yext?
關於Yext,機構所有權告訴我們什麼?
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指數的回報進行比較。因此,他們通常會考慮收購相關基準指數中包含的大型公司。
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.
如您所見,機構投資者在Yext中擁有相當數量的股份。這意味着在這些機構工作的分析師已經看過這隻股票,他們很喜歡。但是就像其他人一樣,他們可能錯了。如果多家機構同時改變對股票的看法,你可能會看到股價快速下跌。因此,值得在下面查看Yext的收益記錄。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.
投資者應注意,機構實際上擁有公司一半以上的股份,因此它們可以共同行使巨大的權力。看來對沖基金擁有Yext6.5%的股份。這值得注意,因爲對沖基金通常是非常活躍的投資者,他們可能會試圖影響管理層。許多人希望在短期或中期內看到價值創造(以及更高的股價)。Vanguard Group, Inc.目前是該公司的最大股東,已發行股份的12%。Lead Edge Capital Management, LLC和貝萊德公司分別擁有10.0%和7.6%的已發行股份,是第二和第三大股東。此外,首席執行官邁克爾·沃爾拉斯是該公司1.1%股份的所有者。
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.
經過進一步檢查,我們發現公司一半以上的股份由前十名股東持有,這表明較大股東的利益在一定程度上被較小的股東所平衡。
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.
雖然研究公司的機構所有權可以爲您的研究增加價值,但研究分析師的建議以更深入地了解股票的預期表現也是一種好做法。有相當數量的分析師在報道該股,因此了解他們對未來的總體看法可能很有用。
Insider Ownership Of Yext
文本的內部所有權
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.
儘管內部人士的確切定義可能是主觀的,但幾乎每個人都認爲董事會成員是內部人士。公司管理層對董事會負責,後者應代表股東的利益。值得注意的是,有時高層管理人員自己也是董事會成員。
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.
我通常認爲內部所有權是一件好事。但是,在某些情況下,這使其他股東更難追究董事會對決策的責任。
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,內部人士確實擁有Yext, Inc.的股份。它的市值僅爲9.72億美元,內部人士以自己的名義持有價值5400萬美元的股票。這至少顯示出一定的對齊性。你可以點擊這裏查看這些內部人士是否在買入或賣出。
General Public Ownership
一般公有制
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.
公衆通常是個人投資者,持有Yext19%的股份。儘管這個群體不一定能做主,但它肯定會對公司的運作方式產生真正的影響。
Private Equity Ownership
私募股權所有權
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.
私募股權公司持有10%的股份,可能會影響Yext董事會。有時我們會看到私募股權長期存在,但總的來說,它們的投資期限較短,而且顧名思義,對上市公司的投資並不多。一段時間後,他們可能會考慮出售資本並將其重新部署到其他地方。
Next Steps:
後續步驟:
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.
我覺得看看究竟誰擁有一家公司非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。一個很好的例子:我們發現了 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.
歸根結底,未來是最重要的。您可以訪問這份關於公司分析師預測的免費報告。
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.
注意:本文中的數字是使用過去十二個月的數據計算得出的,這些數據是指截至財務報表日期當月最後一天的12個月期間。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.
對這篇文章有反饋嗎?擔心內容嗎?直接聯繫我們。或者,發送電子郵件給編輯組(網址爲)simplywallst.com。
Simply Wall St 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。
譯文內容由第三人軟體翻譯。