Insider Selling: Yext Inc (NYSE:YEXT) CTO Sells 26,022 Shares of Stock

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Yext Inc (NYSE:YEXT) CTO Tom Christopher Dixon sold 26,022 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $9.96, for a total transaction of $259,179.12. Following the transaction, the chief technology officer now owns 227,033 shares in the company, valued at $2,261,248.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, March 18th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $10.18, for a total transaction of $25,450.00.
  • On Tuesday, March 10th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $13.33, for a total transaction of $33,325.00.
  • On Thursday, February 27th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $15.38, for a total transaction of $38,450.00.

YEXT opened at $11.32 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -10.39 and a beta of 0.98. Yext Inc has a twelve month low of $9.57 and a twelve month high of $22.65. The company’s 50-day moving average price is $14.28 and its two-hundred day moving average price is $15.29.

Yext (NYSE:YEXT) last released its earnings results on Tuesday, March 3rd. The company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $81.38 million for the quarter, compared to analysts’ expectations of $80.21 million. Yext had a negative net margin of 40.67% and a negative return on equity of 55.70%. The company’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) earnings per share. As a group, sell-side analysts anticipate that Yext Inc will post -1.09 earnings per share for the current year.

Several research analysts recently weighed in on YEXT shares. ValuEngine upgraded shares of Yext from a “hold” rating to a “buy” rating in a report on Saturday, February 1st. SunTrust Banks cut their price target on shares of Yext from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, December 6th. JPMorgan Chase & Co. cut their price target on shares of Yext from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. DA Davidson cut their price target on shares of Yext from $24.00 to $16.50 and set a “buy” rating on the stock in a report on Friday, December 6th. Finally, Zacks Investment Research upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Saturday, March 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $18.31.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YEXT. Invus Financial Advisors LLC purchased a new position in Yext in the fourth quarter valued at about $59,797,000. Champlain Investment Partners LLC boosted its stake in Yext by 36.7% in the fourth quarter. Champlain Investment Partners LLC now owns 7,848,795 shares of the company’s stock valued at $113,180,000 after acquiring an additional 2,106,080 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Yext by 48.7% in the fourth quarter. Janus Henderson Group PLC now owns 5,092,178 shares of the company’s stock valued at $73,429,000 after acquiring an additional 1,666,716 shares during the last quarter. Norges Bank purchased a new position in Yext in the fourth quarter valued at about $15,955,000. Finally, Baillie Gifford & Co. boosted its stake in Yext by 9.7% in the fourth quarter. Baillie Gifford & Co. now owns 10,586,492 shares of the company’s stock valued at $152,657,000 after acquiring an additional 933,589 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

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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