Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $22.75, for a total value of $682,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, March 11th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $23.04, for a total value of $691,200.00.
  • On Tuesday, March 5th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.37, for a total value of $581,100.00.
  • On Wednesday, February 27th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $18.18, for a total value of $545,400.00.
  • On Thursday, February 21st, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $18.20, for a total value of $546,000.00.
  • On Friday, February 15th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $17.99, for a total value of $539,700.00.
  • On Thursday, February 7th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $17.12, for a total value of $513,600.00.
  • On Friday, February 1st, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.71, for a total value of $471,300.00.
  • On Wednesday, January 30th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.01, for a total value of $450,300.00.
  • On Friday, January 25th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $14.76, for a total value of $442,800.00.
  • On Thursday, January 17th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $14.57, for a total value of $437,100.00.

NYSE:YEXT opened at $22.66 on Friday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -29.82 and a beta of 0.89. Yext Inc has a fifty-two week low of $11.70 and a fifty-two week high of $27.19.

Yext (NYSE:YEXT) last released its earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $63.80 million during the quarter, compared to the consensus estimate of $62.77 million. Yext had a negative net margin of 34.74% and a negative return on equity of 104.67%. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. Equities research analysts forecast that Yext Inc will post -0.84 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Yext from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Thursday, March 7th. KeyCorp reaffirmed a “hold” rating on shares of Yext in a research note on Thursday, November 29th. Zacks Investment Research raised Yext from a “sell” rating to a “hold” rating in a research note on Saturday, November 17th. SunTrust Banks reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Yext in a research note on Friday, December 14th. Finally, DA Davidson decreased their target price on shares of Yext to $24.00 and set a “buy” rating for the company in a research report on Monday, December 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Yext has a consensus rating of “Buy” and a consensus target price of $22.71.

A number of large investors have recently added to or reduced their stakes in YEXT. Edge Wealth Management LLC acquired a new stake in Yext during the 4th quarter valued at approximately $92,000. FMR LLC increased its position in Yext by 10.5% during the 4th quarter. FMR LLC now owns 9,462 shares of the company’s stock valued at $141,000 after purchasing an additional 900 shares during the period. New World Advisors LLC acquired a new stake in Yext during the 4th quarter valued at approximately $164,000. Cim Investment Mangement Inc. acquired a new stake in Yext during the 4th quarter valued at approximately $165,000. Finally, Amalgamated Bank acquired a new stake in Yext during the 4th quarter valued at approximately $177,000. 54.06% of the stock is owned by institutional investors and hedge funds.

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About Yext

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.

Further Reading: Return on Investment (ROI)

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

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