Insider Selling: Yext (YEXT) CFO Sells $302,000.00 in Stock

Yext (NYSE:YEXT) CFO Steven Cakebread sold 20,000 shares of Yext stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $15.10, for a total value of $302,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, May 10th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $14.32, for a total value of $286,400.00.
  • On Thursday, May 3rd, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $13.06, for a total value of $261,200.00.
  • On Thursday, April 26th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $13.11, for a total value of $262,200.00.
  • On Thursday, April 19th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $13.54, for a total value of $270,800.00.
  • On Thursday, April 12th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $12.33, for a total value of $246,600.00.
  • On Thursday, April 5th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $12.33, for a total value of $246,600.00.
  • On Thursday, March 29th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $12.48, for a total value of $249,600.00.
  • On Thursday, March 22nd, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $12.39, for a total value of $123,900.00.
  • On Thursday, March 15th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $12.27, for a total value of $122,700.00.
  • On Thursday, March 8th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $13.30, for a total value of $133,000.00.

Shares of Yext opened at $15.35 on Monday, MarketBeat.com reports. Yext has a 1 year low of $10.58 and a 1 year high of $15.40. The firm has a market cap of $1.48 billion and a P/E ratio of -18.06.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YEXT. SG Americas Securities LLC raised its holdings in shares of Yext by 5,931.8% in the first quarter. SG Americas Securities LLC now owns 1,397,631 shares of the company’s stock worth $17,680,000 after acquiring an additional 1,374,460 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Yext by 79.0% in the first quarter. Ontario Teachers Pension Plan Board now owns 2,684,313 shares of the company’s stock worth $33,957,000 after acquiring an additional 1,184,313 shares during the last quarter. Grand Jean Capital Management Inc. raised 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 worth $7,474,000 after acquiring an additional 532,856 shares during the last quarter. BlackRock Inc. raised 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 worth $15,122,000 after acquiring an additional 532,722 shares during the last quarter. Finally, Trustees of Princeton University acquired a new position in shares of Yext in the fourth quarter worth $6,015,000. 37.17% of the stock is owned by institutional investors.

YEXT has been the subject of several research reports. Zacks Investment Research cut Yext from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $16.00 price objective on shares of Yext in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Yext presently has a consensus rating of “Hold” and a consensus price target of $16.25.

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.

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

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