Howard Lerman Sells 30,000 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $23.04, for a total value of $691,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Tuesday, March 5th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.37, for a total value of $581,100.00.
  • On Wednesday, February 27th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $18.18, for a total value of $545,400.00.
  • On Thursday, February 21st, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $18.20, for a total value of $546,000.00.
  • On Friday, February 15th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $17.99, for a total value of $539,700.00.
  • On Thursday, February 7th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $17.12, for a total value of $513,600.00.
  • On Friday, February 1st, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.71, for a total value of $471,300.00.
  • On Wednesday, January 30th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.01, for a total value of $450,300.00.
  • On Friday, January 25th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $14.76, for a total value of $442,800.00.
  • On Thursday, January 17th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $14.57, for a total value of $437,100.00.
  • On Wednesday, January 9th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.28, for a total value of $458,400.00.

YEXT stock opened at $22.79 on Friday. Yext Inc has a 1 year low of $11.70 and a 1 year high of $27.19. The stock has a market capitalization of $2.27 billion, a PE ratio of -29.99 and a beta of 0.89.



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

Several hedge funds have recently bought and sold shares of YEXT. Bank of New York Mellon Corp grew its stake in shares of Yext by 431.8% in the second quarter. Bank of New York Mellon Corp now owns 373,507 shares of the company’s stock valued at $7,224,000 after buying an additional 303,271 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Yext in the third quarter valued at about $6,719,000. State Board of Administration of Florida Retirement System grew its stake in shares of Yext by 13.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 30,986 shares of the company’s stock valued at $734,000 after buying an additional 3,610 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Yext by 4.6% in the third quarter. Wells Fargo & Company MN now owns 88,458 shares of the company’s stock valued at $2,097,000 after buying an additional 3,897 shares in the last quarter. Finally, Commerce Bank acquired a new stake in shares of Yext in the third quarter valued at about $296,000. Institutional investors and hedge funds own 54.06% of the company’s stock.

YEXT has been the topic of a number of research reports. Zacks Investment Research upgraded Yext from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. Morgan Stanley raised their price objective on Yext from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Thursday, March 7th. SunTrust Banks restated a “buy” rating and issued a $28.00 price objective on shares of Yext in a report on Friday, December 14th. KeyCorp restated a “hold” rating on shares of Yext in a report on Thursday, November 29th. Finally, Berenberg Bank initiated coverage on Yext in a report on Friday, November 16th. They issued a “buy” rating and a $25.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.71.

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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.

Further Reading: Return On Assets

Insider Buying and Selling by Quarter for Yext (NYSE:YEXT)

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