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

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $19.45, for a total value of $583,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, October 5th, Howard Lerman sold 30,000 shares of Yext stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $23.71, for a total value of $711,300.00.

Shares of Yext stock traded up $0.57 on Friday, hitting $18.97. The stock had a trading volume of 1,496,673 shares, compared to its average volume of 1,005,281. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -22.32 and a beta of 0.83. Yext Inc has a twelve month low of $10.58 and a twelve month high of $27.19.

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

Several research firms have recently commented on YEXT. SunTrust Banks began coverage on Yext in a research report on Monday, August 13th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Yext from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Morgan Stanley reaffirmed a “hold” rating and issued a $26.00 target price (up previously from $15.00) on shares of Yext in a research report on Tuesday, September 18th. DA Davidson began coverage on Yext in a research report on Monday, October 8th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 target price on shares of Yext in a research report on Wednesday, July 25th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.25.

Large investors have recently modified their holdings of the stock. Spark Investment Management LLC grew its position in Yext by 387.9% during the second quarter. Spark Investment Management LLC now owns 491,800 shares of the company’s stock worth $9,511,000 after buying an additional 391,000 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Yext during the second quarter worth approximately $1,015,000. Catalyst Capital Advisors LLC acquired a new stake in Yext during the second quarter worth approximately $874,000. Strs Ohio acquired a new stake in Yext during the second quarter worth approximately $1,119,000. Finally, Sei Investments Co. acquired a new stake in Yext during the second quarter worth approximately $1,430,000. 52.64% of the stock is currently owned by institutional investors and hedge funds.

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

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