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

Yext (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $12.91, for a total transaction of $387,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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  • On Tuesday, March 20th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $11.93, for a total transaction of $357,900.00.
  • On Tuesday, March 13th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $12.29, for a total transaction of $368,700.00.
  • On Tuesday, March 6th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $12.88, for a total transaction of $386,400.00.
  • On Tuesday, February 20th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $12.10, for a total transaction of $363,000.00.
  • On Tuesday, February 13th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $10.88, for a total transaction of $326,400.00.
  • On Tuesday, February 6th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $10.75, for a total transaction of $322,500.00.
  • On Tuesday, January 30th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $11.75, for a total transaction of $352,500.00.
  • On Tuesday, January 23rd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $12.46, for a total transaction of $373,800.00.
  • On Tuesday, January 16th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $12.31, for a total transaction of $369,300.00.
  • On Tuesday, January 9th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $11.22, for a total transaction of $336,600.00.

Shares of Yext stock opened at $12.65 on Friday. Yext has a one year low of $10.58 and a one year high of $15.11. The stock has a market capitalization of $1,154.07 and a price-to-earnings ratio of -14.88.

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in shares of Yext during the second quarter valued at about $100,000. Grace & White Inc. NY acquired a new position in shares of Yext during the fourth quarter valued at about $126,000. Teacher Retirement System of Texas acquired a new position in shares of Yext during the fourth quarter valued at about $131,000. MetLife Investment Advisors LLC acquired a new position in shares of Yext during the fourth quarter valued at about $140,000. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of Yext during the fourth quarter valued at about $169,000. Hedge funds and other institutional investors own 38.78% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Yext from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. Piper Jaffray reiterated a “buy” rating and issued a $16.00 target price on shares of Yext in a report on Friday, March 9th. Finally, KeyCorp reiterated a “buy” rating and issued a $16.00 target price on shares of Yext in a report on Sunday, December 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Yext currently has a consensus rating of “Hold” and a consensus price target of $16.00.

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Yext Company Profile

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.

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

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