Yext Inc (NYSE:YEXT) CFO Steven Cakebread Sells 10,000 Shares of Stock

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $17.72, for a total value of $177,200.00.

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

  • On Monday, September 9th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $16.34, for a total value of $163,400.00.
  • On Tuesday, September 3rd, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $16.18, for a total value of $161,800.00.
  • On Monday, July 29th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.25, for a total value of $212,500.00.
  • On Monday, August 5th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $19.60, for a total value of $196,000.00.
  • On Monday, August 12th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.37, for a total value of $203,700.00.
  • On Monday, August 19th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $19.10, for a total value of $191,000.00.
  • On Monday, August 26th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $18.22, for a total value of $182,200.00.
  • On Monday, July 22nd, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.52, for a total value of $205,200.00.
  • On Monday, July 15th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.00, for a total value of $210,000.00.
  • On Monday, July 8th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.23, for a total value of $202,300.00.

Yext stock traded up $0.24 during mid-day trading on Friday, hitting $17.92. The company had a trading volume of 167,335 shares, compared to its average volume of 1,122,507. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $18.49 and its two-hundred day moving average price is $20.23. Yext Inc has a 12 month low of $12.90 and a 12 month high of $25.68. The company has a market capitalization of $2.01 billion, a PE ratio of -23.58 and a beta of 1.29.

Yext (NYSE:YEXT) last released its earnings results on Thursday, August 29th. The company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.04). Yext had a negative return on equity of 57.48% and a negative net margin of 33.57%. The company had revenue of $72.37 million during the quarter, compared to the consensus estimate of $71.86 million. During the same period last year, the firm posted ($0.10) earnings per share. The company’s revenue was up 31.8% compared to the same quarter last year. Equities research analysts anticipate that Yext Inc will post -0.98 EPS for the current year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Yext from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. SunTrust Banks set a $30.00 price target on Yext and gave the stock a “buy” rating in a research note on Monday, August 26th. Berenberg Bank set a $27.00 price target on Yext and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Oppenheimer set a $26.00 price target on Yext and gave the stock a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $24.33.

A number of institutional investors have recently added to or reduced their stakes in YEXT. Aperio Group LLC bought a new position in shares of Yext during the second quarter valued at $30,000. Focused Wealth Management Inc bought a new position in shares of Yext during the second quarter valued at $59,000. Tower Research Capital LLC TRC bought a new position in shares of Yext during the second quarter valued at $80,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Yext by 88.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,067 shares of the company’s stock valued at $82,000 after purchasing an additional 1,908 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Yext during the second quarter valued at $99,000. 61.56% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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