Tom Christopher Dixon Sells 5,000 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) insider Tom Christopher Dixon sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $17.96, for a total transaction of $89,800.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Tom Christopher Dixon also recently made the following trade(s):

  • On Tuesday, November 6th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The stock was sold at an average price of $18.79, for a total transaction of $93,950.00.
  • On Tuesday, October 30th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The stock was sold at an average price of $18.33, for a total transaction of $91,650.00.
  • On Tuesday, October 23rd, Tom Christopher Dixon sold 5,000 shares of Yext stock. The stock was sold at an average price of $18.50, for a total transaction of $92,500.00.
  • On Tuesday, September 25th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $24.93, for a total transaction of $311,625.00.
  • On Tuesday, September 18th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $25.54, for a total transaction of $319,250.00.
  • On Tuesday, September 11th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $26.08, for a total transaction of $326,000.00.
  • On Tuesday, September 4th, Tom Christopher Dixon sold 32,500 shares of Yext stock. The stock was sold at an average price of $24.79, for a total transaction of $805,675.00.
  • On Tuesday, August 28th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $26.46, for a total transaction of $330,750.00.
  • On Tuesday, August 21st, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $24.44, for a total transaction of $305,500.00.

Yext stock traded up $0.40 during trading hours on Thursday, reaching $17.48. 577,775 shares of the company’s stock traded hands, compared to its average volume of 998,757. Yext Inc has a fifty-two week low of $10.58 and a fifty-two week high of $27.19. The company has a market cap of $1.76 billion, a PE ratio of -20.56 and a beta of 1.67.

Yext (NYSE:YEXT) last released its earnings results on Thursday, August 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating 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 company had revenue of $55.10 million for the quarter, compared to the consensus estimate of $53.67 million. On average, research analysts expect that Yext Inc will post -0.79 earnings per share for the current fiscal year.

YEXT has been the topic of several research reports. Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 price target on shares of Yext in a research report on Wednesday, July 25th. SunTrust Banks began coverage on shares of Yext in a research report on Monday, August 13th. They set a “buy” rating on the stock. DA Davidson began coverage on shares of Yext in a research report on Monday, October 8th. They set a “buy” rating and a $28.00 target price on the stock. Morgan Stanley cut their target price on shares of Yext from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 23rd. Finally, KeyCorp restated a “hold” rating on shares of Yext in a research report on Thursday, August 30th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $24.00.

A number of institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new position in Yext during the 3rd quarter valued at about $1,872,000. MetLife Investment Advisors LLC increased its stake in shares of Yext by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 58,005 shares of the company’s stock valued at $1,375,000 after acquiring an additional 20,620 shares during the last quarter. Putnam Investments LLC increased its stake in shares of Yext by 21.1% in the 3rd quarter. Putnam Investments LLC now owns 158,228 shares of the company’s stock valued at $3,750,000 after acquiring an additional 27,528 shares during the last quarter. Sandler Capital Management bought a new stake in shares of Yext in the 3rd quarter valued at about $6,783,000. Finally, Man Group plc bought a new stake in shares of Yext in the 3rd quarter valued at about $610,000. Institutional investors own 44.60% of the company’s stock.

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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.

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