Yext Inc (YEXT) CEO Howard Lerman Sells 30,000 Shares

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $15.28, for a total transaction of $458,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, January 3rd, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $14.47, for a total transaction of $434,100.00.
  • On Monday, December 31st, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $14.52, for a total transaction of $435,600.00.
  • On Thursday, December 27th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $14.40, for a total transaction of $432,000.00.
  • On Friday, December 21st, Howard Lerman sold 3,509 shares of Yext stock. The shares were sold at an average price of $13.34, for a total transaction of $46,810.06.
  • On Thursday, December 13th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.54, for a total transaction of $466,200.00.
  • On Thursday, December 6th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.50, for a total transaction of $465,000.00.
  • On Tuesday, November 27th, Howard Lerman sold 30,000 shares of Yext stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $17.96, for a total transaction of $538,800.00.

Shares of YEXT traded down $0.24 during mid-day trading on Friday, reaching $15.82. The company’s stock had a trading volume of 459,704 shares, compared to its average volume of 673,163. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -18.61 and a beta of 0.82. Yext Inc has a 52 week low of $10.58 and a 52 week high of $27.19.

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

Several institutional investors and hedge funds have recently made changes to their positions in YEXT. Rhumbline Advisers lifted its holdings in shares of Yext by 263.3% in the 2nd quarter. Rhumbline Advisers now owns 75,675 shares of the company’s stock worth $1,464,000 after acquiring an additional 54,844 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Yext by 431.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 373,507 shares of the company’s stock worth $7,224,000 after acquiring an additional 303,271 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Yext by 460.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 374,486 shares of the company’s stock worth $7,243,000 after acquiring an additional 307,619 shares during the last quarter. Swiss National Bank raised its holdings in Yext by 32.7% during the 2nd quarter. Swiss National Bank now owns 71,400 shares of the company’s stock valued at $1,381,000 after buying an additional 17,600 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in 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 buying an additional 3,850,702 shares during the last quarter. Hedge funds and other institutional investors own 51.16% of the company’s stock.

Several equities research analysts have issued reports on YEXT shares. Zacks Investment Research upgraded shares of Yext from a “sell” rating to a “hold” rating in a research report on Saturday, November 17th. Morgan Stanley dropped their target price on shares of Yext from $25.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, December 3rd. KeyCorp reiterated a “hold” rating on shares of Yext in a research report on Thursday, November 29th. Berenberg Bank started coverage on shares of Yext in a research report on Friday, November 16th. They set a “buy” rating and a $25.00 target price for the company. Finally, DA Davidson started coverage on shares of Yext in a research report on Monday, October 8th. They set a “buy” rating and a $28.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $23.00.

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Yext Company Profile

Yext, Inc is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

See Also: Certificate of Deposit (CD)

Insider Buying and Selling by Quarter for Yext (NYSE:YEXT)

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