Yext (YEXT) Trading Down 7.6% After Insider Selling

Posted by on Mar 10th, 2018 // No Comments

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.

How to Become a New Pot Stock Millionaire

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.

Several institutional investors and hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new stake in shares of Yext during the fourth quarter valued at about $140,000. Wolverine Trading LLC bought a new stake in shares of Yext during the fourth quarter valued at about $180,000. TIAA CREF Investment Management LLC increased its position in shares of Yext by 50.8% during the fourth quarter. TIAA CREF Investment Management LLC now owns 48,575 shares of the company’s stock valued at $584,000 after buying an additional 16,366 shares during the period. Teachers Advisors LLC increased its position in shares of Yext by 128.9% during the fourth quarter. Teachers Advisors LLC now owns 48,886 shares of the company’s stock valued at $588,000 after buying an additional 27,528 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Yext by 438.1% during the fourth quarter. California State Teachers Retirement System now owns 107,087 shares of the company’s stock valued at $1,288,000 after buying an additional 87,187 shares during the period. Hedge funds and other institutional investors own 38.78% of the company’s stock.

WARNING: “Yext (YEXT) Trading Down 7.6% After Insider Selling” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://sportsperspectives.com/2018/03/10/yext-yext-trading-down-7-6-after-insider-selling.html.

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.

Receive News & Ratings for Yext Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yext and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply