Insider Selling: Yext Inc. (YEXT) CEO Sells 25,000 Shares of Stock
Yext Inc. (NYSE:YEXT) CEO Howard Lerman sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $12.09, for a total value of $302,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Howard Lerman also recently made the following trade(s):
- On Tuesday, October 10th, Howard Lerman sold 25,000 shares of Yext stock. The shares were sold at an average price of $12.04, for a total value of $301,000.00.
Yext Inc. (YEXT) traded down 0.17% during midday trading on Thursday, hitting $12.06. The stock had a trading volume of 299,606 shares. Yext Inc. has a 12-month low of $11.76 and a 12-month high of $15.10. The firm has a 50-day moving average of $13.03 and a 200-day moving average of $13.30. The company’s market cap is $1.09 billion.
Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, September 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). The firm had revenue of $40.77 million during the quarter, compared to analyst estimates of $40.30 million. Yext’s quarterly revenue was up 37.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.22) EPS. Equities research analysts forecast that Yext Inc. will post ($0.51) EPS for the current year.
YEXT has been the subject of several research analyst reports. Zacks Investment Research cut Yext from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Yext in a research note on Monday, August 28th. BidaskClub raised Yext from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. KeyCorp raised Yext from a “sector weight” rating to an “overweight” rating in a research note on Monday. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Yext in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.25.
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada purchased a new stake in shares of Yext in the second quarter valued at approximately $100,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Yext in the second quarter valued at approximately $146,000. Rhumbline Advisers purchased a new stake in shares of Yext in the second quarter valued at approximately $164,000. Alliancebernstein L.P. purchased a new stake in shares of Yext in the second quarter valued at approximately $172,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Yext in the second quarter valued at approximately $173,000. Institutional investors and hedge funds own 29.17% of the company’s stock.
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.
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