Insider Selling: Yext Inc (NYSE:YEXT) Insider Sells 14,551 Shares of Stock

Yext Inc (NYSE:YEXT) insider Jim Steele sold 14,551 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $17.99, for a total value of $261,772.49. Following the completion of the transaction, the insider now directly owns 29,438 shares of the company’s stock, valued at approximately $529,589.62. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Jim Steele also recently made the following trade(s):

  • On Monday, June 15th, Jim Steele sold 5,677 shares of Yext stock. The stock was sold at an average price of $15.14, for a total value of $85,949.78.
  • On Monday, June 1st, Jim Steele sold 5,692 shares of Yext stock. The stock was sold at an average price of $15.95, for a total value of $90,787.40.
  • On Tuesday, May 26th, Jim Steele sold 60,000 shares of Yext stock. The stock was sold at an average price of $15.18, for a total value of $910,800.00.

YEXT stock opened at $16.93 on Friday. The company has a market cap of $1.95 billion, a P/E ratio of -14.59 and a beta of 1.58. Yext Inc has a 1 year low of $8.56 and a 1 year high of $22.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s fifty day moving average price is $15.35 and its 200-day moving average price is $14.14.

Yext (NYSE:YEXT) last released its quarterly earnings results on Thursday, June 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $85.40 million for the quarter, compared to the consensus estimate of $82.14 million. Yext had a negative return on equity of 63.32% and a negative net margin of 41.78%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period last year, the business posted ($0.05) EPS. As a group, analysts expect that Yext Inc will post -1.03 earnings per share for the current year.

Several research analysts have recently issued reports on YEXT shares. William Blair started coverage on Yext in a research report on Tuesday. They issued an “outperform” rating for the company. Royal Bank of Canada reissued a “buy” rating and issued a $18.00 target price on shares of Yext in a research report on Sunday, June 7th. MKM Partners assumed coverage on Yext in a research report on Wednesday. They set a “buy” rating and a $25.00 price objective for the company. SunTrust Banks reduced their price objective on Yext from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Finally, Oppenheimer assumed coverage on Yext in a research report on Friday, June 5th. They set a “buy” rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.35.

Several hedge funds have recently added to or reduced their stakes in YEXT. Bullseye Asset Management LLC purchased a new position in Yext during the fourth quarter valued at $69,000. Spearhead Capital Advisors LLC purchased a new position in Yext during the first quarter valued at $114,000. Great West Life Assurance Co. Can lifted its position in Yext by 191.1% during the fourth quarter. Great West Life Assurance Co. Can now owns 12,296 shares of the company’s stock valued at $176,000 after purchasing an additional 8,072 shares in the last quarter. Bank of Montreal Can lifted its position in Yext by 42.2% during the fourth quarter. Bank of Montreal Can now owns 12,807 shares of the company’s stock valued at $184,000 after purchasing an additional 3,800 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Yext by 21.0% during the fourth quarter. ProShare Advisors LLC now owns 12,814 shares of the company’s stock valued at $185,000 after purchasing an additional 2,224 shares in the last quarter. Hedge funds and other institutional investors own 68.78% of the company’s stock.

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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