Brian Distelburger Sells 10,000 Shares of Yext Inc (NYSE:YEXT) Stock

Yext Inc (NYSE:YEXT) President Brian Distelburger sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $20.93, for a total value of $209,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Brian Distelburger also recently made the following trade(s):

  • On Wednesday, July 3rd, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.41, for a total value of $204,100.00.
  • On Friday, June 28th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.01, for a total value of $200,100.00.
  • On Friday, June 21st, Brian Distelburger sold 4,566 shares of Yext stock. The shares were sold at an average price of $20.07, for a total value of $91,639.62.
  • On Wednesday, June 19th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.42, for a total value of $204,200.00.
  • On Wednesday, June 12th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.05, for a total value of $200,500.00.
  • On Wednesday, May 29th, Brian Distelburger sold 300 shares of Yext stock. The shares were sold at an average price of $20.16, for a total value of $6,048.00.
  • On Wednesday, May 22nd, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.17, for a total value of $211,700.00.
  • On Wednesday, May 8th, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.28, for a total value of $212,800.00.
  • On Wednesday, May 1st, Brian Distelburger sold 60,000 shares of Yext stock. The stock was sold at an average price of $21.75, for a total value of $1,305,000.00.
  • On Monday, April 29th, Brian Distelburger sold 100,000 shares of Yext stock. The stock was sold at an average price of $21.07, for a total value of $2,107,000.00.

YEXT traded down $0.43 on Friday, hitting $20.59. 376,518 shares of the company were exchanged, compared to its average volume of 917,073. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $19.86. The company has a market cap of $2.34 billion, a P/E ratio of -27.09 and a beta of 1.14. Yext Inc has a 12 month low of $12.90 and a 12 month high of $27.19.

Yext (NYSE:YEXT) last announced its earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.02. The company had revenue of $68.71 million for the quarter, compared to analyst estimates of $66.74 million. Yext had a negative return on equity of 68.88% and a negative net margin of 32.59%. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) earnings per share. On average, equities research analysts predict that Yext Inc will post -0.84 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of YEXT. Ropes Wealth Advisors LLC acquired a new stake in shares of Yext during the 1st quarter valued at $33,000. Quantamental Technologies LLC bought a new position in Yext during the 1st quarter worth $46,000. Flagship Harbor Advisors LLC raised its position in Yext by 4,800.0% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,450 shares of the company’s stock worth $53,000 after purchasing an additional 2,400 shares during the last quarter. Focused Wealth Management Inc bought a new position in shares of Yext in the 2nd quarter worth about $59,000. Finally, FMR LLC raised its position in shares of Yext by 10.5% in the 4th quarter. FMR LLC now owns 9,462 shares of the company’s stock worth $141,000 after acquiring an additional 900 shares in the last quarter. 57.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on YEXT shares. SunTrust Banks raised their price objective on Anaplan to $52.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Zacks Investment Research reissued a “sell” rating on shares of ZALANDO SE/ADR in a report on Sunday, June 30th. Finally, ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $23.71.

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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