Yext Inc (YEXT) President Brian Distelburger Sells 11,316 Shares

Yext Inc (NYSE:YEXT) President Brian Distelburger sold 11,316 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $22.17, for a total transaction of $250,875.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, April 10th, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.81, for a total transaction of $218,100.00.
  • On Wednesday, April 3rd, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $22.08, for a total transaction of $220,800.00.
  • On Wednesday, March 27th, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.99, for a total transaction of $209,900.00.
  • On Wednesday, March 13th, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $22.62, for a total transaction of $226,200.00.
  • On Wednesday, March 6th, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.09, for a total transaction of $200,900.00.

NYSE:YEXT traded down $0.23 during trading hours on Monday, reaching $21.35. 938,325 shares of the company’s stock were exchanged, compared to its average volume of 1,034,826. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -28.09 and a beta of 0.94. Yext Inc has a 12 month low of $12.52 and a 12 month high of $27.19.

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

A number of large investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC boosted its holdings in Yext by 4,800.0% during the first quarter. Flagship Harbor Advisors LLC now owns 2,450 shares of the company’s stock worth $53,000 after buying an additional 2,400 shares in the last quarter. Ropes Wealth Advisors LLC acquired a new position in Yext in the 1st quarter worth approximately $33,000. Spence Asset Management boosted its stake in Yext by 4.0% in the 1st quarter. Spence Asset Management now owns 232,329 shares of the company’s stock worth $5,079,000 after purchasing an additional 8,898 shares during the period. Deutsche Bank AG boosted its stake in Yext by 45.9% in the 4th quarter. Deutsche Bank AG now owns 1,495,142 shares of the company’s stock worth $22,202,000 after purchasing an additional 470,621 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Yext by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 992,825 shares of the company’s stock worth $14,743,000 after purchasing an additional 34,353 shares during the period. Hedge funds and other institutional investors own 53.85% of the company’s stock.

YEXT has been the topic of a number of recent research reports. Morgan Stanley cut shares of Yext from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $18.00 to $15.00 in a report on Tuesday, January 15th. Oppenheimer initiated coverage on shares of Yext in a report on Thursday, January 24th. They issued an “outperform” rating and a $23.00 target price on the stock. Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating in a report on Thursday, March 28th. Finally, SunTrust Banks reissued a “buy” rating and issued a $30.00 target price on shares of Yext in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.13.

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

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