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

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Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $17.99, for a total transaction of $539,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Thursday, February 7th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.12, for a total transaction of $513,600.00.
  • On Friday, February 1st, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.71, for a total transaction of $471,300.00.
  • On Wednesday, January 30th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.01, for a total transaction of $450,300.00.
  • On Friday, January 25th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $14.76, for a total transaction of $442,800.00.
  • On Thursday, January 17th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $14.57, for a total transaction of $437,100.00.
  • On Wednesday, January 9th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.28, for a total transaction of $458,400.00.
  • On Thursday, January 3rd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $14.47, for a total transaction of $434,100.00.
  • On Monday, December 31st, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $14.52, for a total transaction of $435,600.00.
  • On Thursday, December 27th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $14.40, for a total transaction of $432,000.00.
  • On Friday, December 21st, Howard Lerman sold 3,509 shares of Yext stock. The stock was sold at an average price of $13.34, for a total transaction of $46,810.06.

YEXT opened at $18.14 on Friday. The company has a market capitalization of $1.88 billion, a P/E ratio of -21.34 and a beta of 0.77. Yext Inc has a 12 month low of $11.70 and a 12 month high of $27.19.

Yext (NYSE:YEXT) last released its quarterly earnings data on Thursday, November 29th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.04). The business had revenue of $58.70 million during the quarter, compared to the consensus estimate of $58.39 million. Yext had a negative return on equity of 104.78% and a negative net margin of 38.03%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period last year, the business posted ($0.12) earnings per share. On average, analysts predict that Yext Inc will post -0.83 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Yext by 1.0% in the 3rd 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 during the period. Vanguard Group Inc boosted its holdings in Yext by 1.0% in the 3rd 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 during the period. Baillie Gifford & Co. bought a new position in Yext in the 3rd quarter valued at $22,977,000. Jane Street Group LLC bought a new position in Yext in the 3rd quarter valued at $970,000. Finally, Wells Fargo & Company MN boosted its holdings in Yext by 4.6% in the 3rd quarter. Wells Fargo & Company MN now owns 88,458 shares of the company’s stock valued at $2,097,000 after purchasing an additional 3,897 shares during the period. 51.93% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on YEXT. SunTrust Banks restated a “buy” rating and set a $28.00 price target on shares of Yext in a research note on Friday, December 14th. 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 target for the company. DA Davidson decreased their price target on shares of Yext to $24.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. They noted that the move was a valuation call. KeyCorp restated a “hold” rating on shares of Yext in a research note on Thursday, November 29th. Finally, Berenberg Bank initiated coverage on shares of Yext in a research note on Friday, November 16th. They set a “buy” rating and a $25.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Yext currently has a consensus rating of “Buy” and an average price target of $22.57.

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Yext Company Profile

Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. 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 PowerListings 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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