Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 20,000 shares of Yext stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $24.82, for a total value of $496,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Steven Cakebread also recently made the following trade(s):

  • On Thursday, August 16th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $23.55, for a total value of $471,000.00.
  • On Thursday, August 9th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $21.77, for a total value of $435,400.00.
  • On Thursday, August 2nd, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $22.08, for a total value of $441,600.00.
  • On Thursday, July 26th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $22.29, for a total value of $445,800.00.
  • On Thursday, July 19th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $18.77, for a total value of $375,400.00.
  • On Thursday, July 12th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $18.23, for a total value of $364,600.00.
  • On Thursday, July 5th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $19.26, for a total value of $385,200.00.
  • On Thursday, June 28th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $18.91, for a total value of $378,200.00.
  • On Thursday, June 21st, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $19.45, for a total value of $389,000.00.
  • On Thursday, June 14th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $18.60, for a total value of $372,000.00.

Shares of NYSE:YEXT traded up $0.72 during midday trading on Friday, reaching $25.33. The company had a trading volume of 765,135 shares, compared to its average volume of 1,169,137. The company has a market cap of $2.43 billion, a P/E ratio of -29.80 and a beta of 0.41. Yext Inc has a 1-year low of $10.58 and a 1-year high of $25.35.

Yext (NYSE:YEXT) last released its earnings results on Thursday, May 31st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $51.10 million for the quarter, compared to the consensus estimate of $49.35 million. Yext had a negative return on equity of 81.00% and a negative net margin of 37.24%. Yext’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.13) earnings per share. research analysts anticipate that Yext Inc will post -0.72 EPS for the current year.

Several analysts have issued reports on the company. SunTrust Banks assumed coverage on Yext in a research note on Monday, August 13th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Yext from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 price target on shares of Yext in a research note on Wednesday, July 25th. Morgan Stanley lifted their price target on Yext from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Friday, June 1st. Finally, KeyCorp lifted their price target on Yext from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, May 31st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $19.00.

Large investors have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC acquired a new stake in shares of Yext in the second quarter valued at about $118,000. United Services Automobile Association acquired a new stake in shares of Yext in the second quarter valued at about $223,000. MetLife Investment Advisors LLC acquired a new stake in shares of Yext in the fourth quarter valued at about $140,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Yext in the second quarter valued at about $228,000. Finally, Amalgamated Bank acquired a new stake in shares of Yext in the second quarter valued at about $240,000. 42.56% of the stock is currently owned by institutional investors and hedge funds.

About Yext

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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