Yext Inc (YEXT) Insider Sells $223,600.00 in Stock

Yext Inc (NYSE:YEXT) insider Jim Steele sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $22.36, for a total transaction of $223,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Jim Steele also recently made the following trade(s):

  • On Friday, February 8th, Jim Steele sold 10,000 shares of Yext stock. The stock was sold at an average price of $17.61, for a total transaction of $176,100.00.
  • On Friday, December 21st, Jim Steele sold 11,174 shares of Yext stock. The stock was sold at an average price of $13.35, for a total transaction of $149,172.90.

Shares of YEXT opened at $22.79 on Friday. The company has a market cap of $2.30 billion, a PE ratio of -29.99 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 announced its earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $63.80 million for the quarter, compared to analyst estimates of $62.77 million. Yext had a negative net margin of 34.74% and a negative return on equity of 104.67%. The company’s revenue for the quarter 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, research analysts predict that Yext Inc will post -0.84 EPS for the current year.

YEXT has been the topic of a number of research analyst reports. Morgan Stanley cut shares of Yext from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $18.00 to $15.00 in a report on Tuesday, January 15th. Oppenheimer initiated coverage on shares of Yext in a report on Thursday, January 24th. They set an “outperform” rating and a $23.00 price objective on the stock. DA Davidson cut their price objective on shares of Yext to $24.00 and set a “buy” rating on the stock in a report on Monday, December 3rd. They noted that the move was a valuation call. Berenberg Bank initiated coverage on shares of Yext in a report on Friday, November 16th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, KeyCorp reissued a “hold” rating on shares of Yext in a report on Thursday, November 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.71.

Institutional investors and hedge funds have recently made changes to their positions in the company. Edge Wealth Management LLC purchased a new position in shares of Yext during the fourth quarter worth approximately $92,000. FMR LLC grew its position in shares of Yext by 10.5% during the fourth quarter. FMR LLC now owns 9,462 shares of the company’s stock worth $141,000 after acquiring an additional 900 shares during the last quarter. New World Advisors LLC purchased a new position in shares of Yext during the fourth quarter worth approximately $164,000. Cim Investment Mangement Inc. purchased a new position in shares of Yext during the fourth quarter worth approximately $165,000. Finally, Amalgamated Bank purchased a new position in shares of Yext during the fourth quarter worth approximately $177,000. Institutional investors and hedge funds own 54.06% of the company’s stock.

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Yext Company Profile

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: Quiet Period

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

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