Steven Cakebread Sells 20,000 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $19.74, for a total transaction of $394,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Cakebread also recently made the following trade(s):

  • On Thursday, November 1st, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $19.14, for a total transaction of $382,800.00.
  • On Thursday, October 25th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $19.53, for a total transaction of $390,600.00.
  • On Thursday, October 18th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $19.50, for a total transaction of $390,000.00.
  • On Thursday, October 11th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $19.10, for a total transaction of $382,000.00.
  • On Thursday, October 4th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $22.15, for a total transaction of $443,000.00.
  • On Thursday, September 27th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $24.55, for a total transaction of $491,000.00.
  • On Thursday, September 20th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $25.23, for a total transaction of $504,600.00.
  • On Thursday, September 13th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $25.73, for a total transaction of $514,600.00.
  • On Thursday, September 6th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $24.93, for a total transaction of $498,600.00.
  • On Thursday, August 30th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $26.48, for a total transaction of $529,600.00.

Shares of NYSE:YEXT opened at $18.87 on Friday. Yext Inc has a 12 month low of $10.58 and a 12 month high of $27.19. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -22.20 and a beta of 1.67.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Thursday, August 30th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Yext had a negative net margin of 36.92% and a negative return on equity of 91.20%. The firm had revenue of $55.10 million for the quarter, compared to analyst estimates of $53.67 million. On average, equities analysts forecast that Yext Inc will post -0.79 earnings per share for the current year.

A number of equities research analysts have commented on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $25.00 price objective on shares of Yext in a report on Wednesday, July 25th. Zacks Investment Research lowered shares of Yext from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Morgan Stanley decreased their price objective on shares of Yext from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. KeyCorp reissued a “hold” rating on shares of Yext in a report on Thursday, August 30th. Finally, SunTrust Banks assumed coverage on shares of Yext in a report on Monday, August 13th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Spark Investment Management LLC boosted its stake in shares of Yext by 387.9% in the 2nd quarter. Spark Investment Management LLC now owns 491,800 shares of the company’s stock valued at $9,511,000 after purchasing an additional 391,000 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Yext in the 2nd quarter valued at about $1,015,000. Catalyst Capital Advisors LLC bought a new position in shares of Yext in the 2nd quarter valued at about $874,000. Strs Ohio bought a new position in shares of Yext in the 2nd quarter valued at about $1,119,000. Finally, Sei Investments Co. bought a new position in shares of Yext in the 2nd quarter valued at about $1,430,000. 44.50% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Steven Cakebread Sells 20,000 Shares of Yext Inc (YEXT) Stock” was originally reported by WKRB News and is the sole property of of WKRB News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.wkrb13.com/2018/11/11/steven-cakebread-sells-20000-shares-of-yext-inc-yext-stock-3.html.

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.

Further Reading: What is the Rule of 72?

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

Receive News & Ratings for Yext Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yext and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply