Yext Inc (NYSE:YEXT) CEO Sells $611,400.00 in Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $20.38, for a total value of $611,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, June 28th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.99, for a total value of $599,700.00.
  • On Friday, June 21st, Howard Lerman sold 17,921 shares of Yext stock. The stock was sold at an average price of $20.05, for a total value of $359,316.05.
  • On Monday, June 17th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.62, for a total value of $618,600.00.
  • On Tuesday, June 11th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.66, for a total value of $589,800.00.
  • 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 stock was 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 stock was 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.

Shares of NYSE:YEXT opened at $20.19 on Monday. Yext Inc has a 1 year low of $12.90 and a 1 year high of $27.19. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -26.57 and a beta of 1.14. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.15. The company’s 50 day simple moving average is $19.87.



Yext (NYSE:YEXT) last announced its earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $68.71 million for the quarter, compared to analyst estimates of $66.74 million. During the same quarter last year, the firm posted ($0.10) EPS. The business’s revenue was up 34.8% on a year-over-year basis. As a group, analysts forecast that Yext Inc will post -0.86 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in shares of Yext by 421.5% during the 1st quarter. Baillie Gifford & Co. now owns 6,747,519 shares of the company’s stock valued at $147,501,000 after buying an additional 5,453,728 shares in the last quarter. BlackRock Inc. lifted 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 buying an additional 588,161 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of Yext by 15.9% during the 1st quarter. Champlain Investment Partners LLC now owns 3,748,305 shares of the company’s stock valued at $81,938,000 after buying an additional 512,935 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Yext by 25.9% during the 1st quarter. Clearbridge Investments LLC now owns 3,204,760 shares of the company’s stock valued at $70,056,000 after buying an additional 658,477 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Yext by 1.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,134,698 shares of the company’s stock valued at $31,700,000 after buying an additional 34,882 shares in the last quarter. Hedge funds and other institutional investors own 57.88% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Yext from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Saturday, June 15th. ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Yext currently has a consensus rating of “Buy” and an average target price of $23.71.

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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