Insider Selling: Yext (YEXT) CEO Sells 30,000 Shares of Stock

Yext (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the business’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $13.01, for a total value of $390,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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  • On Tuesday, April 10th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $12.46, for a total value of $373,800.00.
  • On Tuesday, April 3rd, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $12.43, for a total value of $372,900.00.
  • On Tuesday, March 27th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $12.91, for a total value of $387,300.00.
  • On Tuesday, March 20th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $11.93, for a total value of $357,900.00.
  • On Tuesday, March 13th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $12.29, for a total value of $368,700.00.
  • On Tuesday, March 6th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $12.88, for a total value of $386,400.00.
  • On Tuesday, February 20th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $12.10, for a total value of $363,000.00.
  • On Tuesday, February 13th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $10.88, for a total value of $326,400.00.
  • On Tuesday, February 6th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $10.75, for a total value of $322,500.00.
  • On Tuesday, January 30th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $11.75, for a total value of $352,500.00.

Shares of YEXT opened at $13.60 on Friday. The company has a market cap of $1,248.04 and a price-to-earnings ratio of -16.00. Yext has a 52 week low of $10.58 and a 52 week high of $15.11.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Thursday, March 8th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). The company had revenue of $48.02 million for the quarter, compared to the consensus estimate of $47.88 million. Yext had a negative return on equity of 69.04% and a negative net margin of 39.11%. sell-side analysts predict that Yext will post -0.7 earnings per share for the current fiscal year.

A number of analysts have commented on YEXT shares. Piper Jaffray reissued a “buy” rating and set a $16.00 price objective on shares of Yext in a report on Friday, March 9th. Zacks Investment Research lowered Yext from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Yext presently has an average rating of “Hold” and an average target price of $16.00.

A number of institutional investors and hedge funds have recently modified their holdings of YEXT. Bamco Inc. NY grew its holdings in shares of Yext by 18.6% in the fourth quarter. Bamco Inc. NY now owns 1,756,349 shares of the company’s stock valued at $21,129,000 after acquiring an additional 275,000 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Yext by 200.0% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 1,500,000 shares of the company’s stock valued at $18,045,000 after acquiring an additional 1,000,000 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Yext by 73.5% in the fourth quarter. BlackRock Inc. now owns 1,257,040 shares of the company’s stock valued at $15,122,000 after acquiring an additional 532,722 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Yext by 124.1% in the fourth quarter. Clearbridge Investments LLC now owns 842,563 shares of the company’s stock valued at $10,136,000 after acquiring an additional 466,631 shares in the last quarter. Finally, Grand Jean Capital Management Inc. grew its holdings in shares of Yext by 602.5% in the fourth quarter. Grand Jean Capital Management Inc. now owns 621,293 shares of the company’s stock valued at $7,474,000 after acquiring an additional 532,856 shares in the last quarter. 38.78% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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