Insider Selling: Yext Inc. (YEXT) CEO Sells 25,000 Shares of Stock
Yext Inc. (NYSE:YEXT) CEO Howard Lerman sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $12.04, for a total value of $301,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Yext Inc. (YEXT) traded up 0.99% during mid-day trading on Thursday, hitting $12.25. The stock had a trading volume of 397,152 shares. The stock’s market cap is $1.11 billion. The firm has a 50 day moving average of $13.12 and a 200-day moving average of $13.33. Yext Inc. has a one year low of $11.92 and a one year high of $15.11.
Yext (NYSE:YEXT) last released its earnings results on Wednesday, September 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The firm had revenue of $40.77 million during the quarter, compared to analyst estimates of $40.30 million. Yext’s quarterly revenue was up 37.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.22) EPS. Equities research analysts expect that Yext Inc. will post ($0.51) earnings per share for the current fiscal year.
Several analysts have recently issued reports on the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.00 price objective on shares of Yext in a report on Thursday. Zacks Investment Research cut Yext from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $18.00 price objective on shares of Yext in a report on Friday, September 22nd. Finally, BidaskClub cut Yext from a “hold” rating to a “sell” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.25.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada purchased a new position in shares of Yext in the second quarter valued at approximately $100,000. Cubist Systematic Strategies LLC purchased a new position in shares of Yext in the second quarter valued at approximately $146,000. Rhumbline Advisers purchased a new position in shares of Yext in the second quarter valued at approximately $164,000. Alliancebernstein L.P. purchased a new position in shares of Yext in the second quarter valued at approximately $172,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Yext in the second quarter valued at approximately $173,000. Institutional investors and hedge funds own 29.18% of the company’s stock.
Yext Company Profile
Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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