Insider Selling: Yext Inc (NYSE:YEXT) CEO Sells $486,000.00 in Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $16.20, for a total value of $486,000.00.

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

  • On Friday, October 25th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $16.46, for a total value of $493,800.00.
  • On Tuesday, October 15th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.44, for a total value of $463,200.00.
  • On Wednesday, October 9th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.46, for a total value of $463,800.00.
  • On Monday, September 30th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.86, for a total value of $475,800.00.
  • On Monday, September 23rd, Howard Lerman sold 25,237 shares of Yext stock. The stock was sold at an average price of $16.93, for a total value of $427,262.41.
  • On Thursday, September 19th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.70, for a total value of $531,000.00.
  • On Thursday, September 12th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.67, for a total value of $530,100.00.
  • On Tuesday, September 3rd, Howard Lerman sold 60,000 shares of Yext stock. The stock was sold at an average price of $16.09, for a total value of $965,400.00.
  • On Thursday, August 22nd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.81, for a total value of $564,300.00.
  • On Wednesday, August 14th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.50, for a total value of $585,000.00.

Shares of NYSE YEXT opened at $15.82 on Thursday. The stock has a market cap of $1.83 billion, a PE ratio of -20.82 and a beta of 1.29. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. Yext Inc has a 52-week low of $12.90 and a 52-week high of $23.32. The business has a 50-day moving average price of $15.85 and a 200 day moving average price of $18.83.

Yext (NYSE:YEXT) last announced its earnings results on Thursday, August 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.04). The firm had revenue of $72.37 million during the quarter, compared to analyst estimates of $71.86 million. Yext had a negative net margin of 33.57% and a negative return on equity of 57.48%. The firm’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same period last year, the company earned ($0.10) earnings per share. Sell-side analysts anticipate that Yext Inc will post -0.97 earnings per share for the current year.

YEXT has been the subject of several analyst reports. Zacks Investment Research cut Yext from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. SunTrust Banks set a $30.00 price objective on Yext and gave the stock a “buy” rating in a research report on Monday, August 26th. Morgan Stanley lowered their price objective on Yext from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Wednesday, October 16th. Oppenheimer set a $26.00 price objective on Yext and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Berenberg Bank set a $27.00 price objective on Yext and gave the stock a “buy” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Yext has an average rating of “Buy” and a consensus price target of $24.17.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Focused Wealth Management Inc boosted its position in shares of Yext by 654.7% in the 3rd quarter. Focused Wealth Management Inc now owns 22,219 shares of the company’s stock valued at $353,000 after purchasing an additional 19,275 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Yext in the 3rd quarter valued at about $481,000. Parallel Advisors LLC acquired a new stake in shares of Yext in the 3rd quarter valued at about $47,000. Russell Investments Group Ltd. acquired a new stake in shares of Yext in the 3rd quarter valued at about $60,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Yext in the 3rd quarter valued at about $392,000. 61.66% of the stock is owned by hedge funds and other institutional investors.

Yext Company Profile

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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