Howard Lerman Sells 30,000 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $20.44, for a total transaction of $613,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 shares were sold at an average price of $19.37, for a total transaction of $581,100.00.

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 company has a market capitalization of $2.07 billion, a PE ratio of -26.70 and a beta of 0.94.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, beating the 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 business had revenue of $63.80 million during the quarter, compared to analysts’ expectations of $62.77 million. During the same quarter in the prior year, the company posted ($0.10) EPS. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, sell-side analysts forecast that Yext Inc will post -0.85 earnings per share for the current year.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Yext from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday. SunTrust Banks reaffirmed a “buy” rating and set a $30.00 price objective on shares of Yext in a research note on Monday, March 18th. Morgan Stanley upped their price objective on shares of Yext from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Thursday, March 7th. Finally, Oppenheimer began coverage on shares of Yext in a research note on Thursday, January 24th. They set an “outperform” rating and a $23.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $23.13.

Several institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC grew its stake in shares of Yext by 4,800.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,450 shares of the company’s stock valued at $53,000 after buying an additional 2,400 shares during the period. Ropes Wealth Advisors LLC purchased a new stake in shares of Yext in the 1st quarter valued at approximately $33,000. Spence Asset Management grew its stake in shares of Yext by 4.0% in the 1st quarter. Spence Asset Management now owns 232,329 shares of the company’s stock valued at $5,079,000 after buying an additional 8,898 shares during the period. Deutsche Bank AG grew its stake in shares of Yext by 45.9% in the 4th quarter. Deutsche Bank AG now owns 1,495,142 shares of the company’s stock valued at $22,202,000 after buying an additional 470,621 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Yext by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 992,825 shares of the company’s stock valued at $14,743,000 after buying an additional 34,353 shares during the period. 53.85% 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 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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