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 Thursday, May 16th. The shares were sold at an average price of $21.50, for a total transaction of $645,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, May 6th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $22.20, for a total transaction of $666,000.00.
  • On Wednesday, May 1st, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $21.81, for a total transaction of $654,300.00.
  • On Friday, April 26th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.74, for a total transaction of $622,200.00.
  • On Monday, April 22nd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.09, for a total transaction of $602,700.00.
  • On Thursday, April 18th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.44, for a total transaction of $613,200.00.
  • On Monday, April 15th, Howard Lerman sold 150 shares of Yext stock. The stock was sold at an average price of $21.22, for a total transaction of $3,183.00.
  • On Tuesday, April 9th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $21.52, for a total transaction of $645,600.00.
  • On Friday, April 5th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $21.62, for a total transaction of $648,600.00.
  • On Thursday, March 28th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $21.44, for a total transaction of $643,200.00.
  • On Tuesday, March 26th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $21.32, for a total transaction of $639,600.00.

YEXT stock traded down $0.16 during midday trading on Friday, reaching $21.29. 523,249 shares of the company were exchanged, compared to its average volume of 943,834. Yext Inc has a one year low of $12.90 and a one year high of $27.19. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -28.01 and a beta of 0.89.

Yext (NYSE:YEXT) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.06. Yext had a negative net margin of 34.74% and a negative return on equity of 101.77%. The firm had revenue of $63.80 million during the quarter, compared to analysts’ expectations of $62.77 million. During the same period in the previous year, the business posted ($0.10) earnings per share. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. Research analysts expect that Yext Inc will post -0.85 EPS for the current fiscal year.

YEXT has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Yext in a report on Thursday, January 24th. They set an “outperform” rating and a $23.00 target price on the stock. SunTrust Banks restated a “buy” rating and set a $30.00 target price on shares of Yext in a report on Monday, March 18th. Morgan Stanley boosted their target price on shares of Yext from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Thursday, March 7th. Zacks Investment Research downgraded shares of Yext from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report on Saturday, April 27th. Finally, ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. One investment 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.13.

A number of hedge funds have recently added to or reduced their stakes in YEXT. Baillie Gifford & Co. boosted its position in Yext by 421.5% during the first quarter. Baillie Gifford & Co. now owns 6,747,519 shares of the company’s stock worth $147,501,000 after purchasing an additional 5,453,728 shares during the period. Summit Partners Public Asset Management LLC bought a new position in Yext during the first quarter worth $18,909,000. Morgan Stanley boosted its position in shares of Yext by 185.2% in the third quarter. Morgan Stanley now owns 1,009,392 shares of the company’s stock valued at $23,922,000 after acquiring an additional 655,428 shares during the period. BlackRock Inc. boosted its position in shares of Yext by 11.3% in the fourth quarter. BlackRock Inc. now owns 5,810,456 shares of the company’s stock valued at $86,285,000 after acquiring an additional 588,161 shares during the period. Finally, Norges Bank bought a new stake in shares of Yext in the fourth quarter valued at about $7,743,000. 58.95% of the stock is owned by hedge funds and other institutional investors.

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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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