Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $20.44, for a total transaction of $613,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, April 15th, Howard Lerman sold 150 shares of Yext stock. The shares were sold at an average price of $21.22, for a total transaction of $3,183.00.
  • On Tuesday, April 9th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $21.52, for a total transaction of $645,600.00.
  • On Friday, April 5th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $21.62, for a total transaction of $648,600.00.
  • On Thursday, March 28th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $21.44, for a total transaction of $643,200.00.
  • On Tuesday, March 26th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $21.32, for a total transaction of $639,600.00.
  • On Thursday, March 21st, Howard Lerman sold 3,000 shares of Yext stock. The shares were sold at an average price of $22.07, for a total transaction of $66,210.00.
  • On Monday, March 18th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $22.87, for a total transaction of $686,100.00.
  • On Thursday, March 14th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $22.75, for a total transaction of $682,500.00.
  • 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 transaction of $691,200.00.
  • On Tuesday, March 5th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.37, for a total transaction of $581,100.00.

Shares of Yext stock opened at $20.29 on Friday. Yext Inc has a 1 year low of $12.82 and a 1 year high of $27.19. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -26.70 and a beta of 0.94.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. Yext had a negative net margin of 34.74% and a negative return on equity of 101.77%. The company had revenue of $63.80 million for the quarter, compared to the consensus estimate of $62.77 million. During the same period last year, the firm posted ($0.10) EPS. Yext’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, equities analysts anticipate that Yext Inc will post -0.85 earnings per share for the current fiscal year.

Several research analysts have issued reports on YEXT shares. Morgan Stanley downgraded shares of Yext from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $18.00 to $15.00 in a research report on Tuesday, January 15th. Oppenheimer started coverage on shares of Yext in a research report on Thursday, January 24th. They set an “outperform” rating and a $23.00 price objective on the stock. SunTrust Banks reissued a “buy” rating and set a $30.00 price objective on shares of Yext in a research report on Monday, March 18th. Finally, Zacks Investment Research raised shares of Yext from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.13.

Large investors have recently modified their holdings of the company. Ropes Wealth Advisors LLC purchased a new stake in shares of Yext in the first quarter valued at about $33,000. Flagship Harbor Advisors LLC boosted its holdings in shares of Yext by 4,800.0% in the first quarter. Flagship Harbor Advisors LLC now owns 2,450 shares of the company’s stock valued at $53,000 after acquiring an additional 2,400 shares in the last quarter. Edge Wealth Management LLC purchased a new stake in shares of Yext in the fourth quarter valued at about $92,000. FMR LLC boosted its holdings in shares of Yext by 10.5% in the fourth quarter. FMR LLC now owns 9,462 shares of the company’s stock valued at $141,000 after acquiring an additional 900 shares in the last quarter. Finally, New World Advisors LLC purchased a new stake in shares of Yext in the fourth quarter valued at about $164,000. 53.85% of the stock is currently 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 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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