Insider Selling: Yext Inc (NYSE:YEXT) President Sells 10,000 Shares of Stock

Yext Inc (NYSE:YEXT) President Brian Distelburger sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $15.74, for a total transaction of $157,400.00. Following the completion of the transaction, the president now directly owns 3,758,765 shares in the company, valued at approximately $59,162,961.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, January 14th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $15.33, for a total transaction of $153,300.00.
  • On Tuesday, January 7th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $14.74, for a total transaction of $147,400.00.
  • On Tuesday, December 17th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $13.99, for a total transaction of $139,900.00.
  • On Tuesday, December 10th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $14.02, for a total transaction of $140,200.00.
  • On Tuesday, December 3rd, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $16.22, for a total transaction of $162,200.00.
  • On Tuesday, November 26th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $17.35, for a total transaction of $173,500.00.
  • On Tuesday, November 19th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $16.48, for a total transaction of $164,800.00.
  • On Tuesday, November 12th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $16.41, for a total transaction of $164,100.00.
  • 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 transaction of $161,000.00.

YEXT stock opened at $15.04 on Friday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -15.50 and a beta of 1.20. The firm has a 50-day simple moving average of $14.63 and a two-hundred day simple moving average of $16.91. Yext Inc has a one year low of $12.83 and a one year high of $23.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.98 and a current ratio of 1.98.

Yext (NYSE:YEXT) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.13. The business had revenue of $76.40 million during the quarter, compared to analyst estimates of $76.37 million. Yext had a negative net margin of 37.85% and a negative return on equity of 56.29%. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) earnings per share. As a group, equities analysts predict that Yext Inc will post -1.13 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on YEXT shares. SunTrust Banks decreased their price target on shares of Yext from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. ValuEngine cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson cut their price target on shares of Yext from $24.00 to $16.50 and set a “buy” rating on the stock in a report on Friday, December 6th. JPMorgan Chase & Co. cut their price target on shares of Yext from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. Finally, Royal Bank of Canada cut their price target on shares of Yext from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.56.

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC purchased a new stake in shares of Yext during the third quarter valued at about $47,000. Russell Investments Group Ltd. purchased a new stake in shares of Yext during the third quarter valued at about $60,000. Tower Research Capital LLC TRC purchased a new stake in shares of Yext during the second quarter valued at about $80,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Yext by 23.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,015 shares of the company’s stock valued at $80,000 after buying an additional 948 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Yext during the second quarter valued at about $99,000. 61.92% of the stock is 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 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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