Yext Inc (NYSE:YEXT) CEO Sells $619,500.00 in Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $20.65, for a total transaction of $619,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Howard Lerman also recently made the following trade(s):

  • On Tuesday, July 2nd, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.38, for a total transaction of $611,400.00.
  • On Friday, June 28th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.99, for a total transaction of $599,700.00.
  • On Friday, June 21st, Howard Lerman sold 17,921 shares of Yext stock. The shares were sold at an average price of $20.05, for a total transaction of $359,316.05.
  • On Monday, June 17th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.62, for a total transaction of $618,600.00.
  • On Tuesday, June 11th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.66, for a total transaction of $589,800.00.
  • On Monday, June 3rd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.25, for a total transaction of $547,500.00.
  • On Thursday, May 30th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.27, for a total transaction of $578,100.00.
  • On Tuesday, May 28th, Howard Lerman sold 60,000 shares of Yext stock. The stock was sold at an average price of $20.36, for a total transaction of $1,221,600.00.
  • On Thursday, May 16th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $21.50, for a total transaction of $645,000.00.
  • On Monday, May 6th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $22.20, for a total transaction of $666,000.00.

NYSE YEXT traded down $0.01 during mid-day trading on Friday, reaching $20.66. The stock had a trading volume of 326,540 shares, compared to its average volume of 930,115. Yext Inc has a 1 year low of $12.90 and a 1 year high of $27.19. The firm has a market cap of $2.29 billion, a PE ratio of -27.18 and a beta of 1.14. The business’s fifty day moving average price is $19.77. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15.

Yext (NYSE:YEXT) last posted its earnings results on Thursday, May 30th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. Yext had a negative net margin of 32.59% and a negative return on equity of 68.88%. The business had revenue of $68.71 million during the quarter, compared to the consensus estimate of $66.74 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The firm’s revenue was up 34.8% on a year-over-year basis. On average, research analysts expect that Yext Inc will post -0.84 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its position in Yext by 1,431.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 19,049 shares of the company’s stock worth $416,000 after purchasing an additional 17,805 shares during the period. New World Advisors LLC bought a new stake in Yext in the 4th quarter worth approximately $164,000. BlackRock Inc. grew its position in Yext by 11.3% in the 4th quarter. BlackRock Inc. now owns 5,810,456 shares of the company’s stock worth $86,285,000 after purchasing an additional 588,161 shares during the period. Bank of America Corp DE grew its position in Yext by 58.4% in the 4th quarter. Bank of America Corp DE now owns 205,381 shares of the company’s stock worth $3,050,000 after purchasing an additional 75,697 shares during the period. Finally, Two Sigma Advisers LP grew its position in Yext by 57.2% in the 4th quarter. Two Sigma Advisers LP now owns 1,012,730 shares of the company’s stock worth $15,039,000 after purchasing an additional 368,600 shares during the period. 57.88% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on YEXT shares. ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Zacks Investment Research restated a “sell” rating on shares of ZALANDO SE/ADR in a report on Sunday, June 30th. Finally, SunTrust Banks boosted their price objective on shares of Anaplan to $52.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $23.71.

About Yext

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

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

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