Yext Inc (NYSE:YEXT) CFO Steven Cakebread Sells 10,000 Shares

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $16.34, for a total value of $163,400.00.

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

  • On Tuesday, September 3rd, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $16.18, for a total value of $161,800.00.
  • On Monday, July 29th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.25, for a total value of $212,500.00.
  • On Monday, August 5th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $19.60, for a total value of $196,000.00.
  • On Monday, August 12th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.37, for a total value of $203,700.00.
  • On Monday, August 19th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $19.10, for a total value of $191,000.00.
  • On Monday, August 26th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $18.22, for a total value of $182,200.00.
  • On Monday, July 22nd, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.52, for a total value of $205,200.00.
  • On Monday, July 15th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.00, for a total value of $210,000.00.
  • On Monday, July 8th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.23, for a total value of $202,300.00.
  • On Monday, July 1st, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.44, for a total value of $204,400.00.

Shares of YEXT traded up $0.29 during trading hours on Thursday, hitting $17.60. The stock had a trading volume of 639,318 shares, compared to its average volume of 908,980. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $1.95 billion, a P/E ratio of -23.16 and a beta of 1.29. The company’s fifty day simple moving average is $19.04 and its 200 day simple moving average is $20.26. Yext Inc has a 12-month low of $12.90 and a 12-month high of $26.18.

Yext (NYSE:YEXT) last issued its earnings results on Thursday, August 29th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.04). The firm had revenue of $72.37 million during the quarter, compared to analysts’ expectations of $71.86 million. Yext had a negative return on equity of 57.48% and a negative net margin of 33.57%. The company’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share. As a group, sell-side analysts predict that Yext Inc will post -0.99 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of YEXT. Baillie Gifford & Co. raised its position in Yext by 26.1% in the second quarter. Baillie Gifford & Co. now owns 8,511,510 shares of the company’s stock valued at $170,997,000 after purchasing an additional 1,763,991 shares during the period. BNP Paribas Arbitrage SA raised its position in Yext by 1,431.3% in the first quarter. BNP Paribas Arbitrage SA now owns 19,049 shares of the company’s stock valued at $416,000 after purchasing an additional 17,805 shares during the period. Commonwealth Equity Services LLC raised its position in Yext by 15.0% in the second quarter. Commonwealth Equity Services LLC now owns 40,320 shares of the company’s stock valued at $810,000 after purchasing an additional 5,245 shares during the period. First Trust Advisors LP raised its position in Yext by 51.3% in the second quarter. First Trust Advisors LP now owns 145,555 shares of the company’s stock valued at $2,924,000 after purchasing an additional 49,346 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Yext by 88.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,067 shares of the company’s stock valued at $82,000 after purchasing an additional 1,908 shares during the period. 61.56% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on YEXT shares. Oppenheimer set a $26.00 target price on Yext and gave the company a “buy” rating in a report on Friday, August 30th. SunTrust Banks set a $30.00 target price on Yext and gave the company a “buy” rating in a report on Monday, August 26th. Berenberg Bank set a $27.00 target price on Yext and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research cut Yext from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.33.

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

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