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 firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total value of $164,100.00. Following the completion of the sale, the president now directly owns 3,847,822 shares of the company’s stock, valued at $63,142,759.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Tuesday, November 5th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $16.10, for a total value of $161,000.00.
  • On Monday, September 23rd, Brian Distelburger sold 5,897 shares of Yext stock. The shares were sold at an average price of $16.93, for a total value of $99,836.21.

NYSE YEXT opened at $16.68 on Friday. Yext Inc has a 1-year low of $12.90 and a 1-year high of $23.32. The company has a market capitalization of $1.86 billion, a P/E ratio of -21.95 and a beta of 1.29. The business has a 50 day moving average price of $15.68 and a 200 day moving average price of $18.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.00 and a quick ratio of 2.00.

Yext (NYSE:YEXT) last released its quarterly earnings data on Thursday, August 29th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.04). Yext had a negative net margin of 33.57% and a negative return on equity of 57.48%. The firm had revenue of $72.37 million during the quarter, compared to analysts’ expectations of $71.86 million. During the same period in the previous year, the business earned ($0.10) earnings per share. The business’s revenue for the quarter was up 31.8% on a year-over-year basis. On average, research analysts expect that Yext Inc will post -0.97 earnings per share for the current fiscal year.

YEXT has been the subject of several recent analyst reports. Oppenheimer set a $26.00 price target on Yext and gave the company a “buy” rating in a report on Friday, August 30th. SunTrust Banks set a $30.00 price target on Yext and gave the company a “buy” rating in a report on Monday, August 26th. Zacks Investment Research cut Yext from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Morgan Stanley reduced their price target on Yext from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, October 16th. Finally, Berenberg Bank set a $27.00 price objective on Yext and gave the company a “buy” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $24.17.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YEXT. Aperio Group LLC purchased a new position in Yext in the 2nd quarter valued at approximately $30,000. Parallel Advisors LLC purchased a new position in Yext during the third quarter worth $47,000. Focused Wealth Management Inc purchased a new position in Yext during the second quarter worth $59,000. Russell Investments Group Ltd. purchased a new position in Yext during the third quarter worth $60,000. Finally, Tower Research Capital LLC TRC purchased a new position in Yext during the second quarter worth $80,000. 61.74% of the stock is owned by hedge funds and other 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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