Howard Lerman Sells 30,000 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $15.54, for a total value of $466,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, December 6th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.50, for a total value of $465,000.00.
  • On Tuesday, November 27th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.16, for a total value of $514,800.00.
  • On Friday, November 23rd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $16.90, for a total value of $507,000.00.
  • On Monday, November 19th, Howard Lerman sold 60,000 shares of Yext stock. The stock was sold at an average price of $17.01, for a total value of $1,020,600.00.
  • On Tuesday, November 13th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.96, for a total value of $538,800.00.
  • On Tuesday, October 30th, Howard Lerman sold 60,000 shares of Yext stock. The stock was sold at an average price of $18.40, for a total value of $1,104,000.00.
  • On Monday, October 22nd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.49, for a total value of $554,700.00.
  • On Thursday, October 18th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.20, for a total value of $576,000.00.
  • On Wednesday, October 10th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $19.45, for a total value of $583,500.00.
  • On Friday, October 5th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.92, for a total value of $627,600.00.

Shares of NYSE YEXT opened at $15.27 on Friday. The company has a market capitalization of $1.58 billion, a P/E ratio of -17.96 and a beta of 1.46. Yext Inc has a 12-month low of $10.58 and a 12-month high of $27.19.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Thursday, November 29th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.04). The company had revenue of $58.70 million during the quarter, compared to the consensus estimate of $58.39 million. Yext had a negative return on equity of 104.78% and a negative net margin of 38.03%. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same period last year, the business posted ($0.12) EPS. On average, analysts forecast that Yext Inc will post -0.83 earnings per share for the current year.

YEXT has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed a “hold” rating and set a $26.00 target price (up previously from $15.00) on shares of Yext in a report on Tuesday, September 18th. DA Davidson initiated coverage on Yext in a report on Monday, October 8th. They set a “buy” rating and a $28.00 target price on the stock. Berenberg Bank initiated coverage on Yext in a report on Friday, November 16th. They set a “buy” rating and a $25.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Yext in a report on Thursday, August 30th. Finally, Zacks Investment Research raised Yext from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Yext has an average rating of “Buy” and an average target price of $23.00.

Several hedge funds and other institutional investors have recently made changes to their positions in YEXT. BlueMountain Capital Management LLC bought a new stake in shares of Yext in the 2nd quarter worth approximately $118,000. FMR LLC bought a new stake in shares of Yext in the 3rd quarter worth approximately $203,000. United Services Automobile Association bought a new stake in shares of Yext in the 2nd quarter worth approximately $223,000. NumerixS Investment Technologies Inc bought a new stake in shares of Yext in the 2nd quarter worth approximately $228,000. Finally, Signition LP bought a new stake in shares of Yext in the 3rd quarter worth approximately $240,000. 51.16% of the stock is currently owned by institutional investors and hedge funds.

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Yext Company Profile

Yext, Inc is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

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

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