Yext Inc (NYSE:YEXT) CAO Darryl Bond Sells 1,666 Shares

Yext Inc (NYSE:YEXT) CAO Darryl Bond sold 1,666 shares of Yext stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $18.25, for a total transaction of $30,404.50. Following the sale, the chief accounting officer now directly owns 24,312 shares of the company’s stock, valued at $443,694. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE:YEXT traded up $0.96 during trading on Tuesday, hitting $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 12 month low of $8.56 and a 12 month high of $22.65. The company has a market capitalization of $2.08 billion, a PE ratio of -15.31 and a beta of 1.57. The firm’s fifty day moving average is $15.05 and its 200 day moving average is $14.13. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

Yext (NYSE:YEXT) last announced its earnings results on Thursday, June 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. Yext had a negative return on equity of 63.32% and a negative net margin of 41.78%. The firm had revenue of $85.40 million during the quarter, compared to analyst estimates of $82.14 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The business’s revenue was up 23.8% compared to the same quarter last year. Equities research analysts expect that Yext Inc will post -1.03 EPS for the current fiscal year.

A number of research firms have recently issued reports on YEXT. SunTrust Banks cut their price objective on Yext from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, June 5th. William Blair began coverage on Yext in a report on Tuesday. They issued an “outperform” rating for the company. Berenberg Bank cut Yext from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a report on Tuesday, June 9th. Oppenheimer began coverage on Yext in a report on Friday, June 5th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, DA Davidson increased their target price on Yext from $17.00 to $18.50 and gave the company a “buy” rating in a report on Friday, June 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $17.61.

Large investors have recently made changes to their positions in the company. State Street Corp increased its position in Yext by 2.5% during the 1st quarter. State Street Corp now owns 2,028,105 shares of the company’s stock valued at $20,666,000 after buying an additional 48,924 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Yext by 53.3% during the 1st quarter. Guggenheim Capital LLC now owns 22,648 shares of the company’s stock valued at $231,000 after purchasing an additional 7,876 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Yext by 0.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,057,591 shares of the company’s stock valued at $41,347,000 after purchasing an additional 28,867 shares during the last quarter. Capital World Investors increased its holdings in Yext by 3.3% in the 1st quarter. Capital World Investors now owns 9,517,832 shares of the company’s stock worth $96,987,000 after acquiring an additional 303,356 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Yext in the 1st quarter worth approximately $177,000. 68.78% of the stock is owned by hedge funds and other 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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