Yext Inc (NYSE:YEXT) CEO Sells $589,800.00 in Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $19.66, for a total value of $589,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Howard Lerman also recently made the following trade(s):

  • On Monday, June 3rd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.25, for a total value of $547,500.00.
  • On Thursday, May 30th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.27, for a total value of $578,100.00.
  • On Tuesday, May 28th, Howard Lerman sold 60,000 shares of Yext stock. The shares were sold at an average price of $20.36, for a total value of $1,221,600.00.
  • On Thursday, May 16th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $21.50, for a total value of $645,000.00.
  • On Monday, May 6th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $22.20, for a total value of $666,000.00.
  • On Wednesday, May 1st, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $21.81, for a total value of $654,300.00.
  • On Friday, April 26th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.74, for a total value of $622,200.00.
  • On Monday, April 22nd, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.09, for a total value of $602,700.00.
  • On Thursday, April 18th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.44, for a total value of $613,200.00.
  • On Monday, April 15th, Howard Lerman sold 150 shares of Yext stock. The shares were sold at an average price of $21.22, for a total value of $3,183.00.

Shares of YEXT traded down $0.05 during midday trading on Friday, reaching $20.45. 499,089 shares of the stock were exchanged, compared to its average volume of 976,411. The stock has a market capitalization of $2.24 billion, a P/E ratio of -26.91 and a beta of 1.13. Yext Inc has a twelve month low of $12.90 and a twelve month high of $27.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 2.14.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.02. Yext had a negative return on equity of 68.88% and a negative net margin of 32.59%. The company had revenue of $68.71 million for the quarter, compared to analyst estimates of $66.74 million. During the same quarter in the previous year, the company earned ($0.10) EPS. The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. On average, equities research analysts forecast that Yext Inc will post -0.85 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its holdings in shares of Yext by 2.8% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 31,847 shares of the company’s stock worth $473,000 after buying an additional 861 shares during the last quarter. FMR LLC boosted its position in Yext by 10.5% in the 4th quarter. FMR LLC now owns 9,462 shares of the company’s stock valued at $141,000 after buying an additional 900 shares during the last quarter. American International Group Inc. boosted its position in Yext by 1.7% in the 4th quarter. American International Group Inc. now owns 54,804 shares of the company’s stock valued at $814,000 after buying an additional 933 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Yext by 4.7% during the fourth quarter. Advisor Group Inc. now owns 27,916 shares of the company’s stock worth $414,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Ropes Wealth Advisors LLC bought a new position in shares of Yext during the first quarter worth about $33,000. 57.88% of the stock is currently owned by hedge funds and other institutional investors.

YEXT has been the topic of a number of recent research reports. SunTrust Banks restated a “buy” rating and issued a $30.00 target price on shares of Yext in a research note on Monday, March 18th. Morgan Stanley increased their target price on Yext from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Thursday, March 7th. Zacks Investment Research cut Yext from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a report on Saturday, April 27th. Finally, ValuEngine cut Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.86.

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About Yext

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. 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 knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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