Yext Inc (YEXT) CEO Sells $682,500.00 in Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $22.75, for a total transaction of $682,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, March 11th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $23.04, for a total transaction of $691,200.00.
  • On Tuesday, March 5th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.37, for a total transaction of $581,100.00.
  • On Wednesday, February 27th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.18, for a total transaction of $545,400.00.
  • On Thursday, February 21st, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.20, for a total transaction of $546,000.00.
  • On Friday, February 15th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.99, for a total transaction of $539,700.00.
  • On Thursday, February 7th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.12, for a total transaction of $513,600.00.
  • On Friday, February 1st, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.71, for a total transaction of $471,300.00.
  • On Wednesday, January 30th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.01, for a total transaction of $450,300.00.
  • On Friday, January 25th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $14.76, for a total transaction of $442,800.00.
  • On Thursday, January 17th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $14.57, for a total transaction of $437,100.00.

YEXT traded down $0.13 during trading hours on Friday, hitting $22.66. 1,569,219 shares of the company’s stock were exchanged, compared to its average volume of 967,469. Yext Inc has a 12-month low of $11.70 and a 12-month high of $27.19. The company has a market cap of $2.30 billion, a P/E ratio of -29.82 and a beta of 0.89.

Yext (NYSE:YEXT) last announced its earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.06. Yext had a negative net margin of 34.74% and a negative return on equity of 104.67%. The firm had revenue of $63.80 million for the quarter, compared to the consensus estimate of $62.77 million. During the same period in the prior year, the firm earned ($0.10) EPS. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, research analysts predict that Yext Inc will post -0.84 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in YEXT. Capital International Investors purchased a new stake in Yext during the 3rd quarter worth approximately $44,201,000. Renaissance Technologies LLC increased its stake in Yext by 159.7% during the 3rd quarter. Renaissance Technologies LLC now owns 2,078,686 shares of the company’s stock worth $49,265,000 after buying an additional 1,278,386 shares during the period. Baillie Gifford & Co. purchased a new stake in Yext during the 3rd quarter worth approximately $22,977,000. Morgan Stanley increased its stake in Yext by 185.2% during the 3rd quarter. Morgan Stanley now owns 1,009,392 shares of the company’s stock worth $23,922,000 after buying an additional 655,428 shares during the period. Finally, BlackRock Inc. increased its stake in Yext by 11.3% during the 4th quarter. BlackRock Inc. now owns 5,810,456 shares of the company’s stock worth $86,285,000 after buying an additional 588,161 shares during the period. 54.06% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on YEXT shares. Morgan Stanley decreased their price objective on shares of Yext from $25.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, December 3rd. Zacks Investment Research upgraded shares of Yext from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. KeyCorp restated a “hold” rating on shares of Yext in a report on Thursday, November 29th. Berenberg Bank started coverage on shares of Yext in a report on Friday, November 16th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, DA Davidson decreased their price objective on shares of Yext to $24.00 and set a “buy” rating on the stock in a report on Monday, December 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $22.71.

TRADEMARK VIOLATION WARNING: This article was first reported by WKRB News and is the property of of WKRB News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.wkrb13.com/2019/03/16/yext-inc-yext-ceo-sells-682500-00-in-stock.html.

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.

Recommended Story: Cost of Equity For A Business, Investors

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.