Yext Inc (YEXT) CFO Steven Cakebread Sells 20,000 Shares

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 20,000 shares of the stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $19.10, for a total value of $382,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Steven Cakebread also recently made the following trade(s):

  • On Thursday, October 4th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $22.15, for a total value of $443,000.00.
  • On Thursday, September 27th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $24.55, for a total value of $491,000.00.
  • On Thursday, September 20th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $25.23, for a total value of $504,600.00.
  • On Thursday, September 13th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $25.73, for a total value of $514,600.00.
  • On Thursday, September 6th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $24.93, for a total value of $498,600.00.
  • On Thursday, August 30th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $26.48, for a total value of $529,600.00.
  • On Thursday, August 23rd, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $24.82, for a total value of $496,400.00.
  • On Thursday, August 16th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $23.55, for a total value of $471,000.00.
  • On Thursday, August 9th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $21.77, for a total value of $435,400.00.
  • On Thursday, August 2nd, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $22.08, for a total value of $441,600.00.

YEXT stock traded up $0.57 during trading hours on Friday, hitting $18.97. 1,496,600 shares of the stock traded hands, compared to its average volume of 1,005,281. Yext Inc has a one year low of $10.58 and a one year high of $27.19. The stock has a market capitalization of $2.34 billion, a P/E ratio of -22.18 and a beta of 0.83.

Yext (NYSE:YEXT) last announced its earnings results on Thursday, August 30th. The company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. Yext had a negative return on equity of 91.20% and a negative net margin of 36.92%. The business had revenue of $55.10 million during the quarter, compared to analysts’ expectations of $53.67 million. Sell-side analysts expect that Yext Inc will post -0.78 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Yext by 297.0% during the second quarter. BlackRock Inc. now owns 5,147,131 shares of the company’s stock valued at $99,546,000 after buying an additional 3,850,702 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in Yext by 1,470.6% during the first quarter. Summit Trail Advisors LLC now owns 3,525,790 shares of the company’s stock valued at $3,526,000 after buying an additional 3,301,309 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Yext by 2.1% during the second quarter. Janus Henderson Group PLC now owns 1,102,169 shares of the company’s stock valued at $21,316,000 after buying an additional 23,135 shares in the last quarter. Northern Trust Corp boosted its stake in Yext by 279.7% during the second quarter. Northern Trust Corp now owns 914,499 shares of the company’s stock valued at $17,686,000 after buying an additional 673,620 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Yext during the second quarter valued at about $15,478,000. 52.64% of the stock is owned by institutional investors and hedge funds.

YEXT has been the subject of several recent analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 price target on shares of Yext in a research note on Wednesday, July 25th. SunTrust Banks initiated coverage on Yext in a research note on Monday, August 13th. They issued a “buy” rating for the company. DA Davidson initiated coverage on Yext in a research note on Monday. They issued a “buy” rating and a $28.00 price target for the company. Morgan Stanley reissued a “hold” rating and issued a $26.00 price target (up previously from $15.00) on shares of Yext in a research note on Tuesday, September 18th. Finally, KeyCorp reissued a “hold” rating on shares of Yext in a research note on Thursday, August 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $24.25.

About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. 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 PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

Recommended Story: How a Put Option Works

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

Receive News & Ratings for Yext Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yext and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply