Yext Inc. (YEXT) President Brian Distelburger Sells 8,160 Shares
Yext Inc. (NYSE:YEXT) President Brian Distelburger sold 8,160 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $11.39, for a total value of $92,942.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Yext (NYSE:YEXT) last released its quarterly earnings data 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 firm had revenue of $40.77 million for the quarter, compared to analyst estimates of $40.30 million. During the same period in the prior year, the business posted ($0.22) earnings per share. The company’s revenue was up 37.9% on a year-over-year basis.
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YEXT has been the topic of a number of recent analyst reports. BidaskClub downgraded Yext from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.00 price target on shares of Yext in a research report on Thursday, October 12th. Zacks Investment Research downgraded Yext from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $18.00 price target on shares of Yext in a research report on Friday, September 22nd. Finally, KeyCorp raised Yext from a “sector weight” rating to an “overweight” rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Yext currently has a consensus rating of “Hold” and an average target price of $16.25.
A number of large investors have recently made changes to their positions in YEXT. FMR LLC acquired a new stake in Yext during the 2nd quarter worth $107,196,000. Insight Holdings Group LLC acquired a new stake in Yext during the 2nd quarter worth $102,783,000. Power Corp of Canada acquired a new stake in Yext during the 2nd quarter worth $20,889,000. Bamco Inc. NY acquired a new stake in Yext during the 2nd quarter worth $16,784,000. Finally, Janus Henderson Group PLC acquired a new stake in Yext during the 2nd quarter worth $14,534,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.
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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