Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 10,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $20.58, for a total transaction of $205,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, May 6th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $22.20, for a total transaction of $222,000.00.
  • On Monday, April 29th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.41, for a total transaction of $214,100.00.
  • On Monday, April 22nd, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.09, for a total transaction of $200,900.00.

Shares of YEXT stock traded up $0.36 during midday trading on Wednesday, hitting $21.16. 340,617 shares of the company were exchanged, compared to its average volume of 953,921. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -27.84 and a beta of 0.89. Yext Inc has a 52 week low of $12.90 and a 52 week high of $27.19.

Yext (NYSE:YEXT) last announced its earnings results on Wednesday, March 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.06. The business had revenue of $63.80 million during the quarter, compared to the consensus estimate of $62.77 million. Yext had a negative net margin of 34.74% and a negative return on equity of 101.77%. Yext’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, equities research analysts anticipate that Yext Inc will post -0.85 earnings per share for the current fiscal year.

Several analysts recently commented on YEXT shares. Morgan Stanley downgraded shares of Yext from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $18.00 to $15.00 in a report on Tuesday, January 15th. Oppenheimer started coverage on shares of Yext in a report on Thursday, January 24th. They set an “outperform” rating and a $23.00 target price for the company. Zacks Investment Research downgraded shares of Yext from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a report on Saturday, April 27th. SunTrust Banks reaffirmed a “buy” rating and set a $30.00 target price on shares of Yext in a report on Monday, March 18th. Finally, ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.13.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ropes Wealth Advisors LLC bought a new stake in Yext in the 1st quarter valued at about $33,000. Quantamental Technologies LLC bought a new stake in Yext in the 1st quarter valued at about $46,000. Flagship Harbor Advisors LLC boosted its holdings in Yext by 4,800.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,450 shares of the company’s stock valued at $53,000 after purchasing an additional 2,400 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Yext by 87.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 7,335 shares of the company’s stock valued at $160,000 after purchasing an additional 3,421 shares during the period. Finally, Menta Capital LLC bought a new stake in Yext in the 1st quarter valued at about $201,000. 58.95% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/yext-inc-yext-cfo-sells-205800-00-in-stock/3011459.html.

Yext Company Profile

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.

Read More: What is the formula for the cash asset ratio?

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.