Yext Inc. (YEXT) Insider Sells $142,750.00 in Stock
Yext Inc. (NYSE:YEXT) insider Tom Christopher Dixon sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $11.42, for a total value of $142,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Tom Christopher Dixon also recently made the following trade(s):
- On Tuesday, October 24th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $11.95, for a total value of $149,375.00.
- On Tuesday, October 17th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $12.15, for a total value of $151,875.00.
Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, September 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). The business had revenue of $40.77 million for the quarter, compared to analyst estimates of $40.30 million. During the same quarter in the prior year, the company earned ($0.22) earnings per share. The company’s revenue was up 37.9% on a year-over-year basis.
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Several research firms recently issued reports on YEXT. Zacks Investment Research cut Yext from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Yext in a research report on Friday, September 22nd. KeyCorp raised Yext from a “sector weight” rating to an “overweight” rating in a research report on Monday, October 16th. BidaskClub raised Yext from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Yext in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Yext has an average rating of “Hold” and an average target price of $16.25.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada purchased a new position in Yext in the second quarter worth $100,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Yext during the second quarter valued at $146,000. Rhumbline Advisers purchased a new stake in shares of Yext during the second quarter valued at $164,000. Alliancebernstein L.P. purchased a new stake in shares of Yext during the second quarter valued at $172,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Yext during the second quarter valued at $173,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.
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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