Insider Selling: Yext Inc (YEXT) CEO Sells 30,000 Shares of Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $15.50, for a total transaction of $465,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Howard Lerman also recently made the following trade(s):

  • On Tuesday, November 27th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.16, for a total transaction of $514,800.00.
  • On Friday, November 23rd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $16.90, for a total transaction of $507,000.00.
  • On Monday, November 19th, Howard Lerman sold 60,000 shares of Yext stock. The stock was sold at an average price of $17.01, for a total transaction of $1,020,600.00.
  • On Tuesday, November 13th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.96, for a total transaction of $538,800.00.
  • On Tuesday, October 30th, Howard Lerman sold 60,000 shares of Yext stock. The stock was sold at an average price of $18.40, for a total transaction of $1,104,000.00.
  • On Monday, October 22nd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.49, for a total transaction of $554,700.00.
  • On Thursday, October 18th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.20, for a total transaction of $576,000.00.
  • On Wednesday, October 10th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.45, for a total transaction of $583,500.00.
  • On Friday, October 5th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.92, for a total transaction of $627,600.00.
  • On Tuesday, October 2nd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $22.72, for a total transaction of $681,600.00.

YEXT stock traded up $0.03 during midday trading on Friday, reaching $15.55. The company had a trading volume of 869,239 shares, compared to its average volume of 1,092,945. Yext Inc has a 1 year low of $10.58 and a 1 year high of $27.19. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -18.29 and a beta of 1.46.

Yext (NYSE:YEXT) last released its earnings results on Thursday, November 29th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.04). Yext had a negative return on equity of 104.78% and a negative net margin of 38.03%. The company had revenue of $58.70 million during the quarter, compared to analysts’ expectations of $58.39 million. During the same quarter in the previous year, the company earned ($0.12) EPS. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. As a group, analysts expect that Yext Inc will post -0.83 EPS for the current fiscal year.

A number of equities research analysts have issued reports on YEXT shares. Morgan Stanley reiterated a “hold” rating and issued a $26.00 target price (up previously from $15.00) on shares of Yext in a research report on Tuesday, September 18th. DA Davidson started coverage on shares of Yext in a research report on Monday, October 8th. They issued a “buy” rating and a $28.00 target price for the company. SunTrust Banks started coverage on shares of Yext in a research report on Monday, August 13th. They issued a “buy” rating for the company. KeyCorp reiterated a “hold” rating on shares of Yext in a research report on Thursday, August 30th. Finally, Berenberg Bank started coverage on shares of Yext in a research report on Friday, November 16th. They issued a “buy” rating and a $25.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.00.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Yext by 297.0% during the 2nd quarter. BlackRock Inc. now owns 5,147,131 shares of the company’s stock valued at $99,546,000 after purchasing an additional 3,850,702 shares in the last quarter. Capital International Investors bought a new position in shares of Yext during the 3rd quarter valued at $44,201,000. Renaissance Technologies LLC raised its holdings in shares of Yext by 159.7% during the 3rd quarter. Renaissance Technologies LLC now owns 2,078,686 shares of the company’s stock valued at $49,265,000 after purchasing an additional 1,278,386 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of Yext during the 3rd quarter valued at $22,977,000. Finally, Northern Trust Corp raised its holdings in shares of Yext by 279.7% during the 2nd quarter. Northern Trust Corp now owns 914,499 shares of the company’s stock valued at $17,686,000 after purchasing an additional 673,620 shares in the last quarter. Institutional investors own 52.36% of the company’s stock.

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About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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