Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $22.75, for a total value of $682,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • 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.
  • On Friday, February 15th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $17.99, for a total value of $539,700.00.
  • On Thursday, February 7th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $17.12, for a total value 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 value 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 value 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 value 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 value of $437,100.00.

Shares of YEXT opened at $22.66 on Friday. Yext Inc has a fifty-two week low of $11.70 and a fifty-two week high of $27.19. The stock has a market capitalization of $2.30 billion, a P/E ratio of -29.82 and a beta of 0.89.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.06. Yext had a negative return on equity of 104.67% and a negative net margin of 34.74%. The company had revenue of $63.80 million during the quarter, compared to analyst estimates of $62.77 million. During the same quarter last year, the firm posted ($0.10) EPS. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, analysts forecast that Yext Inc will post -0.84 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Edge Wealth Management LLC bought a new position in Yext in the 4th quarter worth about $92,000. FMR LLC bought a new position in Yext in the 3rd quarter worth about $203,000. New World Advisors LLC bought a new position in Yext in the 4th quarter worth about $164,000. Cim Investment Mangement Inc. bought a new position in Yext in the 4th quarter worth about $165,000. Finally, Amalgamated Bank bought a new position in Yext in the 4th quarter worth about $177,000. Institutional investors and hedge funds own 54.06% of the company’s stock.

YEXT has been the subject of several recent research reports. Morgan Stanley lifted their price objective on Yext from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Thursday, March 7th. SunTrust Banks reissued a “buy” rating and issued a $28.00 price objective on shares of Yext in a report on Friday, December 14th. KeyCorp reissued a “hold” rating on shares of Yext in a report on Thursday, November 29th. Oppenheimer initiated coverage on Yext in a report on Thursday, January 24th. They issued an “outperform” rating and a $23.00 price objective for the company. Finally, Zacks Investment Research raised Yext from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Yext presently has an average rating of “Buy” and an average price target of $22.71.

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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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