Steven Cakebread Sells 10,000 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 10,000 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $12.56, for a total transaction of $125,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Yext Inc (YEXT) traded down $0.08 on Friday, hitting $12.79. 397,197 shares of the stock traded hands, compared to its average volume of 760,337. Yext Inc has a twelve month low of $11.03 and a twelve month high of $15.11. The firm has a market capitalization of $1,170.00 and a P/E ratio of -13.61.

Yext (NYSE:YEXT) last announced its earnings results on Thursday, November 30th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.01). Yext had a negative return on equity of 157.17% and a negative net margin of 40.63%. analysts anticipate that Yext Inc will post -0.7 earnings per share for the current year.

Several equities analysts have issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $17.00 price objective on shares of Yext in a research note on Thursday, October 12th. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 target price on shares of Yext in a research note on Friday, September 22nd. BidaskClub downgraded shares of Yext from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. KeyCorp upgraded shares of Yext from a “sector weight” rating to an “overweight” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of Yext from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.20.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Yext during the second quarter worth about $4,223,000. Bank of New York Mellon Corp purchased a new position in Yext during the second quarter worth about $429,000. Balyasny Asset Management LLC purchased a new position in Yext during the second quarter worth about $1,070,000. Vanguard Group Inc. purchased a new position in Yext during the second quarter worth about $10,627,000. Finally, Lord Abbett & CO. LLC purchased a new position in Yext during the second quarter worth about $1,280,000. Institutional investors and hedge funds own 28.58% of the company’s stock.

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About Yext

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.

Insider Buying and Selling by Quarter for Yext (NYSE:YEXT)

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