Steven Cakebread Sells 3,374 Shares of Yext Inc (NYSE:YEXT) Stock

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 3,374 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $10.09, for a total value of $34,043.66. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of YEXT stock opened at $10.89 on Thursday. The firm has a market capitalization of $1.29 billion, a P/E ratio of -9.99 and a beta of 0.98. Yext Inc has a 1 year low of $9.57 and a 1 year high of $22.65. The firm’s fifty day simple moving average is $14.37 and its 200 day simple moving average is $15.32. The company has a current ratio of 1.54, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57.

Yext (NYSE:YEXT) last issued its earnings results on Tuesday, March 3rd. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $81.38 million during the quarter, compared to analyst estimates of $80.21 million. Yext had a negative return on equity of 55.70% and a negative net margin of 40.67%. Yext’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. Equities research analysts anticipate that Yext Inc will post -1.09 EPS for the current fiscal year.

Several analysts recently weighed in on YEXT shares. DA Davidson reduced their target price on shares of Yext from $24.00 to $16.50 and set a “buy” rating for the company in a research note on Friday, December 6th. Morgan Stanley dropped their price target on shares of Yext from $15.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada reduced their price target on shares of Yext from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Berenberg Bank reiterated a “buy” rating and issued a $18.00 price objective on shares of Yext in a report on Monday, March 9th. Finally, SunTrust Banks dropped their price target on shares of Yext from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Yext has an average rating of “Buy” and a consensus target price of $18.31.

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Yext in the third quarter worth about $60,000. California State Teachers Retirement System grew its stake in Yext by 1.2% during the third quarter. California State Teachers Retirement System now owns 144,848 shares of the company’s stock worth $2,302,000 after buying an additional 1,730 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Yext by 67.2% during the third quarter. Millennium Management LLC now owns 12,439 shares of the company’s stock worth $197,000 after buying an additional 4,999 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of Yext by 13.7% during the third quarter. Metropolitan Life Insurance Co NY now owns 30,007 shares of the company’s stock worth $477,000 after buying an additional 3,605 shares in the last quarter. Finally, Diversified Trust Co raised its stake in shares of Yext by 45.1% in the fourth quarter. Diversified Trust Co now owns 32,975 shares of the company’s stock valued at $475,000 after acquiring an additional 10,250 shares during the last quarter. 70.01% 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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