Insider Selling: Yext Inc (NYSE:YEXT) CEO Sells $522,000.00 in Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $17.40, for a total value of $522,000.00. Following the completion of the sale, the chief executive officer now owns 2,788,845 shares of the company’s stock, valued at approximately $48,525,903. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, November 21st, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $16.27, for a total value of $488,100.00.
  • On Tuesday, November 12th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $16.41, for a total value of $492,300.00.
  • On Thursday, November 7th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $16.10, for a total value of $483,000.00.
  • On Wednesday, October 30th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $16.20, for a total value of $486,000.00.
  • On Friday, October 25th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $16.46, for a total value of $493,800.00.
  • On Tuesday, October 15th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.44, for a total value of $463,200.00.
  • On Wednesday, October 9th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.46, for a total value of $463,800.00.
  • On Monday, September 30th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.86, for a total value of $475,800.00.
  • On Monday, September 23rd, Howard Lerman sold 25,237 shares of Yext stock. The shares were sold at an average price of $16.93, for a total value of $427,262.41.
  • On Thursday, September 19th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $17.70, for a total value of $531,000.00.

NYSE:YEXT opened at $17.26 on Monday. Yext Inc has a 1 year low of $12.90 and a 1 year high of $23.32. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -22.71 and a beta of 1.29. The stock has a 50-day moving average price of $16.00 and a two-hundred day moving average price of $18.34.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Thursday, August 29th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.04). The firm had revenue of $72.37 million for the quarter, compared to analyst estimates of $71.86 million. Yext had a negative return on equity of 57.48% and a negative net margin of 33.57%. The firm’s quarterly revenue was up 31.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) earnings per share. Sell-side analysts forecast that Yext Inc will post -0.97 earnings per share for the current year.

YEXT has been the subject of a number of research analyst reports. Berenberg Bank set a $27.00 target price on Yext and gave the company a “buy” rating in a research note on Wednesday, September 4th. SunTrust Banks set a $30.00 target price on Yext and gave the company a “buy” rating in a research note on Monday, August 26th. Morgan Stanley decreased their target price on Yext from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Wednesday, October 16th. Finally, Oppenheimer set a $26.00 target price on Yext and gave the company a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.17.

Hedge funds have recently bought and sold shares of the company. Aperio Group LLC acquired a new position in shares of Yext during the second quarter worth about $30,000. Parallel Advisors LLC acquired a new position in shares of Yext during the third quarter worth about $47,000. Russell Investments Group Ltd. acquired a new position in shares of Yext during the third quarter worth about $60,000. Tower Research Capital LLC TRC acquired a new position in shares of Yext during the second quarter worth about $80,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Yext by 88.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,067 shares of the company’s stock worth $82,000 after buying an additional 1,908 shares during the period. 63.04% of the stock is owned by institutional investors.

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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