Steven Cakebread Sells 10,000 Shares of Yext Inc (NYSE:YEXT) Stock

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 10,000 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $20.23, for a total value of $202,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Steven Cakebread also recently made the following trade(s):

  • On Monday, July 1st, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.44, for a total value of $204,400.00.
  • On Thursday, June 27th, Steven Cakebread sold 6,360 shares of Yext stock. The shares were sold at an average price of $19.49, for a total value of $123,956.40.
  • On Friday, June 21st, Steven Cakebread sold 4,354 shares of Yext stock. The shares were sold at an average price of $20.05, for a total value of $87,297.70.
  • On Monday, June 17th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.61, for a total value of $206,100.00.
  • On Monday, June 10th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $19.03, for a total value of $190,300.00.
  • On Monday, June 3rd, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $18.25, for a total value of $182,500.00.
  • On Tuesday, May 28th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.42, for a total value of $204,200.00.
  • On Monday, May 20th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $21.12, for a total value of $211,200.00.
  • On Monday, May 13th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.58, for a total value of $205,800.00.
  • On Monday, May 6th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $22.20, for a total value of $222,000.00.

YEXT opened at $20.67 on Friday. The firm’s 50 day moving average is $19.77. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.24 billion, a P/E ratio of -27.20 and a beta of 1.14. Yext Inc has a 52 week low of $12.90 and a 52 week high of $27.19.



Yext (NYSE:YEXT) last released its earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $66.74 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The firm’s quarterly revenue was up 34.8% on a year-over-year basis. Analysts predict that Yext Inc will post -0.86 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YEXT. BlackRock Inc. increased its position in Yext by 11.3% during the 4th quarter. BlackRock Inc. now owns 5,810,456 shares of the company’s stock worth $86,285,000 after purchasing an additional 588,161 shares during the period. Advisor Group Inc. increased its position in Yext by 4.7% during the 4th 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 period. Northern Trust Corp increased its position in Yext by 1.9% during the 4th quarter. Northern Trust Corp now owns 940,788 shares of the company’s stock worth $13,970,000 after purchasing an additional 17,315 shares during the period. Geode Capital Management LLC increased its position in Yext by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 992,825 shares of the company’s stock worth $14,743,000 after purchasing an additional 34,353 shares during the period. Finally, American International Group Inc. increased its position in Yext by 1.7% during the 4th quarter. American International Group Inc. now owns 54,804 shares of the company’s stock worth $814,000 after purchasing an additional 933 shares during the period. Institutional investors own 57.88% of the company’s stock.

Several research firms have commented on YEXT. SunTrust Banks upped their price objective on Anaplan to $52.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Zacks Investment Research reaffirmed a “sell” rating on shares of ZALANDO SE/ADR in a research note on Sunday, June 30th. Finally, ValuEngine downgraded Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Yext presently has a consensus rating of “Buy” and a consensus price target of $23.71.

Yext Company Profile

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

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