Yext Inc (YEXT) Insider Tom Christopher Dixon Sells 5,000 Shares

Yext Inc (NYSE:YEXT) insider Tom Christopher Dixon sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $22.07, for a total transaction of $110,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, March 5th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $19.36, for a total transaction of $96,800.00.
  • On Tuesday, February 26th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $17.92, for a total transaction of $89,600.00.
  • On Tuesday, February 12th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $18.22, for a total transaction of $91,100.00.
  • On Tuesday, February 5th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $17.08, for a total transaction of $85,400.00.
  • On Tuesday, January 29th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $14.56, for a total transaction of $72,800.00.
  • On Tuesday, January 22nd, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $14.32, for a total transaction of $71,600.00.
  • On Tuesday, January 15th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $14.85, for a total transaction of $74,250.00.
  • On Tuesday, January 8th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $15.41, for a total transaction of $77,050.00.
  • On Wednesday, January 2nd, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $14.82, for a total transaction of $74,100.00.
  • On Wednesday, December 26th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $13.84, for a total transaction of $69,200.00.

Shares of YEXT stock traded down $0.13 during trading hours on Friday, hitting $22.66. 1,569,219 shares of the company’s stock were exchanged, compared to its average volume of 967,469. The company has a market capitalization of $2.30 billion, a PE ratio of -29.82 and a beta of 0.89. Yext Inc has a 12-month low of $11.70 and a 12-month high of $27.19.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.06. The firm had revenue of $63.80 million for the quarter, compared to the consensus estimate of $62.77 million. Yext had a negative net margin of 34.74% and a negative return on equity of 104.67%. The business’s revenue was up 32.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) earnings per share. As a group, equities analysts forecast that Yext Inc will post -0.84 EPS for the current fiscal year.

A number of brokerages recently weighed in on YEXT. Morgan Stanley raised their target price on shares of Yext from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Thursday, March 7th. Oppenheimer began coverage on shares of Yext in a research note on Thursday, January 24th. They issued an “outperform” rating and a $23.00 target price on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $28.00 target price on shares of Yext in a research note on Friday, December 14th. DA Davidson lowered their target price on shares of Yext to $24.00 and set a “buy” rating on the stock in a research note on Monday, December 3rd. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “hold” rating on shares of Yext in a research note on Thursday, November 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $22.71.

Hedge funds have recently bought and sold shares of the business. Capital International Investors purchased a new position in shares of Yext in the third quarter worth $44,201,000. Renaissance Technologies LLC increased its position in shares of Yext by 159.7% during the 3rd quarter. Renaissance Technologies LLC now owns 2,078,686 shares of the company’s stock valued at $49,265,000 after purchasing an additional 1,278,386 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Yext during the 3rd quarter valued at about $22,977,000. Morgan Stanley increased its position in shares of Yext by 185.2% during the 3rd quarter. Morgan Stanley now owns 1,009,392 shares of the company’s stock valued at $23,922,000 after purchasing an additional 655,428 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Yext by 11.3% during the 4th quarter. BlackRock Inc. now owns 5,810,456 shares of the company’s stock valued at $86,285,000 after purchasing an additional 588,161 shares during the last quarter. 54.06% of the stock is currently owned by hedge funds and other institutional investors.

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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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