Yext Inc (YEXT) CEO Howard Lerman Sells 30,000 Shares

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Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $19.45, for a total value of $583,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, October 5th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.92, for a total value of $627,600.00.
  • On Tuesday, October 2nd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $22.72, for a total value of $681,600.00.
  • On Thursday, September 27th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $24.19, for a total value of $725,700.00.
  • On Friday, September 21st, Howard Lerman sold 63,294 shares of Yext stock. The stock was sold at an average price of $25.04, for a total value of $1,584,881.76.
  • On Thursday, September 13th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $25.67, for a total value of $770,100.00.
  • On Friday, September 7th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $26.62, for a total value of $798,600.00.
  • On Tuesday, September 4th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $24.80, for a total value of $744,000.00.
  • On Thursday, August 30th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $26.20, for a total value of $786,000.00.
  • On Friday, August 24th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $25.00, for a total value of $750,000.00.
  • On Thursday, August 16th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $23.71, for a total value of $711,300.00.

Shares of Yext stock traded up $0.57 during midday trading on Friday, hitting $18.97. 1,496,673 shares of the company were exchanged, compared to its average volume of 1,005,281. The company has a market capitalization of $2.34 billion, a PE ratio of -22.32 and a beta of 0.83. Yext Inc has a 52 week low of $10.58 and a 52 week high of $27.19.

Yext (NYSE:YEXT) last posted its earnings results on Thursday, August 30th. The company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. Yext had a negative return on equity of 91.20% and a negative net margin of 36.92%. The business had revenue of $55.10 million during the quarter, compared to the consensus estimate of $53.67 million. On average, sell-side analysts anticipate that Yext Inc will post -0.78 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. United Services Automobile Association bought a new position in Yext in the 2nd quarter valued at $223,000. Northern Trust Corp raised its position in Yext by 279.7% in the 2nd quarter. Northern Trust Corp now owns 914,499 shares of the company’s stock valued at $17,686,000 after purchasing an additional 673,620 shares during the last quarter. Bank of New York Mellon Corp raised its position in Yext by 431.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 373,507 shares of the company’s stock valued at $7,224,000 after purchasing an additional 303,271 shares during the last quarter. Putnam Investments LLC bought a new position in Yext in the 2nd quarter valued at $2,528,000. Finally, Millennium Management LLC bought a new position in Yext in the 2nd quarter valued at $6,916,000. Hedge funds and other institutional investors own 52.64% of the company’s stock.

Several equities analysts recently commented on YEXT shares. Morgan Stanley restated a “hold” rating and set a $26.00 target price (up previously from $15.00) on shares of Yext in a research report on Tuesday, September 18th. Zacks Investment Research downgraded Yext from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. SunTrust Banks started coverage on Yext in a research report on Monday, August 13th. They set a “buy” rating for the company. KeyCorp restated a “hold” rating on shares of Yext in a research report on Thursday, August 30th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $25.00 target price on shares of Yext in a research report on Wednesday, July 25th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Yext presently has an average rating of “Hold” and an average target price of $24.25.

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.

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