Insider Selling: Yext Inc (NYSE:YEXT) Insider Sells 5,000 Shares of Stock

Yext Inc (NYSE:YEXT) insider Tom Christopher Dixon sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $21.32, for a total transaction of $106,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Tom Christopher Dixon also recently made the following trade(s):

  • On Tuesday, April 16th, Tom Christopher Dixon sold 2,091 shares of Yext stock. The stock was sold at an average price of $21.52, for a total transaction of $44,998.32.
  • On Tuesday, April 2nd, Tom Christopher Dixon sold 5,000 shares of Yext stock. The stock was sold at an average price of $21.86, for a total transaction of $109,300.00.
  • On Tuesday, March 19th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The stock was sold at an average price of $22.16, for a total transaction of $110,800.00.
  • On Tuesday, March 12th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The stock was sold at an average price of $22.07, for a total transaction of $110,350.00.
  • On Tuesday, March 5th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $19.36, for a total transaction of $96,800.00.
  • On Tuesday, February 26th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $17.92, for a total transaction of $89,600.00.
  • On Tuesday, February 12th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $18.22, for a total transaction of $91,100.00.
  • On Tuesday, February 5th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $17.08, for a total transaction of $85,400.00.
  • On Tuesday, January 29th, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $14.56, for a total transaction of $72,800.00.
  • On Tuesday, January 22nd, Tom Christopher Dixon sold 5,000 shares of Yext stock. The shares were sold at an average price of $14.32, for a total transaction of $71,600.00.

YEXT traded down $0.81 during trading on Friday, reaching $20.29. 961,072 shares of the company’s stock were exchanged, compared to its average volume of 836,215. Yext Inc has a one year low of $12.82 and a one year high of $27.19. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -26.70 and a beta of 0.94.

Yext (NYSE:YEXT) last posted 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. Yext had a negative net margin of 34.74% and a negative return on equity of 101.77%. The firm had revenue of $63.80 million for the quarter, compared to analyst estimates of $62.77 million. During the same period in the previous year, the firm posted ($0.10) EPS. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, research analysts expect that Yext Inc will post -0.85 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of YEXT. Vanguard Group Inc. grew its position in Yext by 1.0% during the third quarter. Vanguard Group Inc. now owns 5,018,401 shares of the company’s stock valued at $118,936,000 after buying an additional 48,661 shares during the period. Vanguard Group Inc lifted its holdings in shares of Yext by 1.0% in the third quarter. Vanguard Group Inc now owns 5,018,401 shares of the company’s stock worth $118,936,000 after buying an additional 48,661 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Yext in the third quarter worth about $22,977,000. SG Americas Securities LLC purchased a new stake in shares of Yext in the fourth quarter worth about $187,000. Finally, Jane Street Group LLC purchased a new stake in shares of Yext in the third quarter worth about $970,000. 53.85% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the stock. Morgan Stanley cut shares of Yext from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $18.00 to $15.00 in a research note on Tuesday, January 15th. Oppenheimer initiated coverage on shares of Yext in a research note on Thursday, January 24th. They set an “outperform” rating and a $23.00 price target on the stock. Zacks Investment Research upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Friday, April 5th. Finally, SunTrust Banks restated a “buy” rating and issued a $30.00 price objective on shares of Yext in a report on Monday, March 18th. One investment 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’s stock. Yext has an average rating of “Buy” and an average 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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