Tom Christopher Dixon Sells 2,500 Shares of Yext Inc (NYSE:YEXT) Stock

Yext Inc (NYSE:YEXT) CTO Tom Christopher Dixon sold 2,500 shares of Yext stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $16.79, for a total transaction of $41,975.00. Following the completion of the sale, the chief technology officer now directly owns 194,533 shares of the company’s stock, valued at approximately $3,266,209.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, June 18th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The shares were sold at an average price of $16.68, for a total value of $41,700.00.
  • On Wednesday, June 10th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The shares were sold at an average price of $15.13, for a total transaction of $37,825.00.
  • On Tuesday, June 2nd, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $16.51, for a total transaction of $41,275.00.
  • On Tuesday, May 26th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The shares were sold at an average price of $15.17, for a total value of $37,925.00.
  • On Wednesday, May 13th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The shares were sold at an average price of $13.46, for a total value of $33,650.00.
  • On Tuesday, May 5th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $12.93, for a total transaction of $32,325.00.
  • On Monday, April 27th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $12.26, for a total transaction of $30,650.00.
  • On Thursday, April 23rd, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $11.71, for a total value of $29,275.00.
  • On Wednesday, April 15th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $11.89, for a total value of $29,725.00.
  • On Tuesday, April 7th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The shares were sold at an average price of $10.37, for a total value of $25,925.00.

Shares of NYSE:YEXT traded up $0.96 during trading on Tuesday, reaching $17.76. The stock had a trading volume of 2,819,491 shares, compared to its average volume of 1,098,033. Yext Inc has a 52 week low of $8.56 and a 52 week high of $22.65. The business’s 50-day moving average price is $15.05 and its 200 day moving average price is $14.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $2.08 billion, a PE ratio of -15.31 and a beta of 1.57.

Yext (NYSE:YEXT) last posted its earnings results on Thursday, June 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Yext had a negative net margin of 41.78% and a negative return on equity of 63.32%. The company had revenue of $85.40 million during the quarter, compared to analysts’ expectations of $82.14 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Yext’s quarterly revenue was up 23.8% compared to the same quarter last year. Analysts forecast that Yext Inc will post -1.03 EPS for the current year.

Several research analysts recently commented on the company. Morgan Stanley raised their target price on Yext from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, June 5th. SunTrust Banks decreased their target price on shares of Yext from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Royal Bank of Canada reissued a “buy” rating and issued a $18.00 price target on shares of Yext in a research report on Sunday, June 7th. Berenberg Bank cut shares of Yext from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research note on Tuesday, June 9th. Finally, Zacks Investment Research upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Saturday, May 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $17.61.

Large investors have recently bought and sold shares of the company. Bullseye Asset Management LLC bought a new position in shares of Yext in the fourth quarter valued at approximately $69,000. Spearhead Capital Advisors LLC acquired a new stake in shares of Yext in the first quarter valued at approximately $114,000. Arizona State Retirement System acquired a new stake in shares of Yext in the first quarter valued at approximately $148,000. Parametric Portfolio Associates LLC increased its holdings in shares of Yext by 8.0% in the first quarter. Parametric Portfolio Associates LLC now owns 14,733 shares of the company’s stock valued at $150,000 after purchasing an additional 1,087 shares in the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of Yext in the first quarter valued at approximately $175,000. Institutional investors own 68.78% of the company’s stock.

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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