Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $21.52, for a total value of $645,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $581,100.00.
  • On Wednesday, February 27th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $18.18, for a total value of $545,400.00.
  • On Thursday, February 21st, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $18.20, for a total value of $546,000.00.

YEXT stock traded down $0.20 during midday trading on Thursday, reaching $21.64. The stock had a trading volume of 320,400 shares, compared to its average volume of 1,044,227. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -28.47 and a beta of 0.94. Yext Inc has a twelve month low of $12.20 and a twelve month high of $27.19.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.03) EPS 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 analyst estimates of $62.77 million. Yext had a negative return on equity of 101.77% and a negative net margin of 34.74%. The company’s revenue was up 32.9% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. On average, analysts expect that Yext Inc will post -0.85 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Spence Asset Management increased its position in Yext by 4.0% in the first 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 increased its position in Yext by 45.9% in the fourth 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. Geode Capital Management LLC increased its position in Yext by 3.6% in the fourth 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. Norges Bank acquired a new stake in Yext in the fourth quarter worth about $7,743,000. Finally, FMR LLC increased its position in Yext by 10.5% in the fourth quarter. FMR LLC now owns 9,462 shares of the company’s stock worth $141,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 53.85% of the company’s stock.

YEXT has been the subject of a number of research reports. Zacks Investment Research upgraded Yext from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, March 27th. SunTrust Banks restated a “buy” rating and issued a $30.00 target price on shares of Yext in a research note on Monday, March 18th. Oppenheimer initiated coverage on Yext in a research note on Thursday, January 24th. They issued an “outperform” rating and a $23.00 target price for the company. Finally, Morgan Stanley raised their target price on Yext from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.25.

TRADEMARK VIOLATION NOTICE: This news story was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/insider-selling-yext-inc-yext-ceo-sells-30000-shares-of-stock/2955986.html.

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.

Read More: What does the Dow Jones Industrial Average (DJIA) measure?

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

Receive News & Ratings for Yext Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yext and related companies with MarketBeat.com's FREE daily email newsletter.