Insider Selling: Yext Inc (NYSE:YEXT) Insider Sells 5,000 Shares of Stock

Yext Inc (NYSE:YEXT) insider Jim Steele sold 5,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $17.42, for a total transaction of $87,100.00. Following the transaction, the insider now directly owns 79,103 shares of the company’s stock, valued at approximately $1,377,974.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jim Steele also recently made the following trade(s):

  • On Friday, November 15th, Jim Steele sold 5,000 shares of Yext stock. The stock was sold at an average price of $16.52, for a total transaction of $82,600.00.
  • On Thursday, September 26th, Jim Steele sold 5,000 shares of Yext stock. The shares were sold at an average price of $16.30, for a total value of $81,500.00.
  • On Monday, September 23rd, Jim Steele sold 11,792 shares of Yext stock. The shares were sold at an average price of $16.93, for a total value of $199,638.56.
  • On Thursday, September 19th, Jim Steele sold 5,000 shares of Yext stock. The stock was sold at an average price of $17.65, for a total value of $88,250.00.
  • On Thursday, September 5th, Jim Steele sold 5,000 shares of Yext stock. The shares were sold at an average price of $17.02, for a total value of $85,100.00.

Yext stock traded down $0.12 during trading hours on Tuesday, reaching $16.47. 846,993 shares of the company’s stock were exchanged, compared to its average volume of 851,743. The firm’s 50 day simple moving average is $16.10 and its 200 day simple moving average is $18.28. Yext Inc has a twelve month low of $12.90 and a twelve month high of $23.32. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.95 billion, a PE ratio of -21.67 and a beta of 1.29.

A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Yext from a “buy” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks set a $30.00 price objective on Yext and gave the stock a “buy” rating in a research note on Monday, August 26th. Oppenheimer set a $26.00 target price on Yext and gave the company a “buy” rating in a report on Friday, August 30th. Morgan Stanley decreased their target price on shares of Yext from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Wednesday, October 16th. Finally, Berenberg Bank set a $27.00 price target on shares of Yext and gave the stock a “buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.17.

Large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY grew its stake in Yext by 13.7% during the third quarter. Metropolitan Life Insurance Co NY now owns 30,007 shares of the company’s stock worth $477,000 after purchasing an additional 3,605 shares during the period. Millennium Management LLC raised its holdings in Yext by 67.2% during the third quarter. Millennium Management LLC now owns 12,439 shares of the company’s stock worth $197,000 after buying an additional 4,999 shares during the last quarter. California State Teachers Retirement System raised its holdings in Yext by 1.2% during the third quarter. California State Teachers Retirement System now owns 144,848 shares of the company’s stock worth $2,302,000 after buying an additional 1,730 shares during the last quarter. Focused Wealth Management Inc lifted its stake in shares of Yext by 654.7% in the third quarter. Focused Wealth Management Inc now owns 22,219 shares of the company’s stock valued at $353,000 after buying an additional 19,275 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Yext in the third quarter valued at $481,000. 63.04% of the stock is currently owned by institutional investors.

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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