Yext Inc (NYSE:YEXT) CEO Sells $599,700.00 in Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $19.99, for a total transaction of $599,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Friday, June 21st, Howard Lerman sold 17,921 shares of Yext stock. The shares were sold at an average price of $20.05, for a total transaction of $359,316.05.
  • On Monday, June 17th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.62, for a total transaction of $618,600.00.
  • On Tuesday, June 11th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.66, for a total transaction of $589,800.00.
  • On Monday, June 3rd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.25, for a total transaction of $547,500.00.
  • On Thursday, May 30th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.27, for a total transaction of $578,100.00.
  • On Tuesday, May 28th, Howard Lerman sold 60,000 shares of Yext stock. The shares were sold at an average price of $20.36, for a total transaction of $1,221,600.00.
  • On Thursday, May 16th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $21.50, for a total transaction of $645,000.00.
  • On Monday, May 6th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $22.20, for a total transaction of $666,000.00.
  • On Wednesday, May 1st, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $21.81, for a total transaction of $654,300.00.
  • On Friday, April 26th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.74, for a total transaction of $622,200.00.

YEXT opened at $20.46 on Thursday. Yext Inc has a twelve month low of $12.90 and a twelve month high of $27.19. The business’s 50-day moving average price is $19.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $2.28 billion, a PE ratio of -26.92 and a beta of 1.14.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. Yext had a negative net margin of 32.59% and a negative return on equity of 68.88%. The business had revenue of $68.71 million during the quarter, compared to analysts’ expectations of $66.74 million. During the same quarter in the prior year, the business posted ($0.10) earnings per share. Yext’s revenue was up 34.8% compared to the same quarter last year. Sell-side analysts anticipate that Yext Inc will post -0.86 EPS for the current fiscal year.

YEXT has been the topic of several research reports. SunTrust Banks restated a “buy” rating and issued a $30.00 price target on shares of Yext in a research note on Monday, March 18th. Morgan Stanley upped their price target on shares of Yext from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Thursday, March 7th. Zacks Investment Research downgraded shares of Yext from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research note on Saturday, April 27th. Finally, ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $23.71.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in Yext by 10.5% during the fourth quarter. FMR LLC now owns 9,462 shares of the company’s stock worth $141,000 after purchasing an additional 900 shares during the period. American International Group Inc. lifted its position in Yext by 1.7% during the fourth quarter. American International Group Inc. now owns 54,804 shares of the company’s stock worth $814,000 after purchasing an additional 933 shares during the period. Advisor Group Inc. lifted its position in Yext by 4.7% during the fourth quarter. Advisor Group Inc. now owns 27,916 shares of the company’s stock worth $414,000 after purchasing an additional 1,263 shares during the period. Ropes Wealth Advisors LLC bought a new stake in Yext during the first quarter worth about $33,000. Finally, Legal & General Group Plc lifted its position in Yext by 5.0% during the fourth quarter. Legal & General Group Plc now owns 31,351 shares of the company’s stock worth $466,000 after purchasing an additional 1,502 shares during the period. 57.88% of the stock is owned by institutional investors and hedge funds.

Yext Company Profile

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. 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 knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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