Shares of Yext Inc (NYSE:YEXT) were down 7.6% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $12.06 and last traded at $12.50. Approximately 1,970,533 shares were traded during trading, an increase of 256% from the average daily volume of 552,792 shares. The stock had previously closed at $13.53.
Specifically, President Brian Distelburger sold 8,160 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $12.17, for a total value of $99,307.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven Cakebread sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $13.30, for a total value of $133,000.00. The disclosure for this sale can be found here. Insiders sold a total of 701,080 shares of company stock worth $8,383,677 over the last 90 days.
A number of equities research analysts recently issued reports on YEXT shares. KeyCorp restated a “buy” rating and issued a $16.00 price objective on shares of Yext in a research note on Sunday, December 10th. Piper Jaffray Companies restated a “buy” rating and issued a $16.00 price objective on shares of Yext in a research note on Friday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.00.
Yext Company Profile
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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