Insider Selling: Yext Inc (YEXT) Insider Sells 5,000 Shares of Stock

Yext Inc (NYSE:YEXT) insider Tom Christopher Dixon sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $18.79, for a total value of $93,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tom Christopher Dixon also recently made the following trade(s):

  • On Tuesday, October 30th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The stock was sold at an average price of $18.33, for a total value of $91,650.00.
  • On Tuesday, October 23rd, Tom Christopher Dixon sold 5,000 shares of Yext stock. The stock was sold at an average price of $18.50, for a total value of $92,500.00.
  • On Tuesday, September 25th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $24.93, for a total value of $311,625.00.
  • On Tuesday, September 18th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $25.54, for a total value of $319,250.00.
  • On Tuesday, September 11th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $26.08, for a total value of $326,000.00.
  • On Tuesday, September 4th, Tom Christopher Dixon sold 32,500 shares of Yext stock. The stock was sold at an average price of $24.79, for a total value of $805,675.00.
  • On Tuesday, August 28th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $26.46, for a total value of $330,750.00.
  • On Tuesday, August 21st, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $24.44, for a total value of $305,500.00.
  • On Tuesday, August 14th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $23.80, for a total value of $297,500.00.

Shares of YEXT stock traded down $0.58 during trading hours on Thursday, reaching $19.42. 777,700 shares of the company’s stock were exchanged, compared to its average volume of 1,004,907. The firm has a market cap of $1.84 billion, a PE ratio of -22.85 and a beta of 1.67. Yext Inc has a fifty-two week low of $10.58 and a fifty-two week high of $27.19.

Yext (NYSE:YEXT) last released its quarterly earnings data on Thursday, August 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $55.10 million for the quarter, compared to analysts’ expectations of $53.67 million. Yext had a negative return on equity of 91.20% and a negative net margin of 36.92%. On average, equities analysts expect that Yext Inc will post -0.79 EPS for the current fiscal year.

Several research firms recently weighed in on YEXT. Piper Jaffray Companies restated a “buy” rating and issued a $25.00 target price on shares of Yext in a report on Wednesday, July 25th. Zacks Investment Research lowered Yext from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Morgan Stanley cut their price target on Yext from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, October 23rd. KeyCorp reiterated a “hold” rating on shares of Yext in a report on Thursday, August 30th. Finally, SunTrust Banks started coverage on Yext in a report on Monday, August 13th. They set a “buy” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $24.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC bought a new stake in shares of Yext during the second quarter valued at approximately $118,000. UBS Group AG increased its position in shares of Yext by 42.2% during the first quarter. UBS Group AG now owns 17,577 shares of the company’s stock valued at $222,000 after purchasing an additional 5,217 shares during the period. United Services Automobile Association bought a new stake in shares of Yext during the second quarter valued at approximately $223,000. NumerixS Investment Technologies Inc bought a new stake in shares of Yext during the second quarter valued at approximately $228,000. Finally, Amalgamated Bank bought a new stake in shares of Yext during the second quarter valued at approximately $240,000. Institutional investors and hedge funds own 44.50% of the company’s stock.

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About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. 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 PowerListings 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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