Yext Inc (NYSE:YEXT) CEO Howard Lerman Sells 30,000 Shares

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Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $20.62, for a total transaction of $618,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Tuesday, June 11th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.66, for a total transaction of $589,800.00.
  • On Monday, June 3rd, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $18.25, for a total transaction of $547,500.00.
  • On Thursday, May 30th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.27, for a total transaction of $578,100.00.
  • On Tuesday, May 28th, Howard Lerman sold 60,000 shares of Yext stock. The shares were sold at an average price of $20.36, for a total transaction of $1,221,600.00.
  • On Thursday, May 16th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $21.50, for a total transaction of $645,000.00.
  • On Monday, May 6th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $22.20, for a total transaction of $666,000.00.
  • On Wednesday, May 1st, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $21.81, for a total transaction of $654,300.00.
  • On Friday, April 26th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.74, for a total transaction of $622,200.00.
  • On Monday, April 22nd, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.09, for a total transaction of $602,700.00.
  • On Thursday, April 18th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $20.44, for a total transaction of $613,200.00.

Shares of NYSE:YEXT traded up $0.22 during trading on Wednesday, reaching $20.60. The company had a trading volume of 677,200 shares, compared to its average volume of 954,546. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -27.11 and a beta of 1.13. Yext Inc has a 12 month low of $12.90 and a 12 month high of $27.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.14 and a quick ratio of 2.14.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.02. The firm had revenue of $68.71 million for the quarter, compared to analyst estimates of $66.74 million. Yext had a negative net margin of 32.59% and a negative return on equity of 68.88%. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.10) EPS. As a group, equities research analysts expect that Yext Inc will post -0.85 EPS for the current year.

Large investors have recently modified their holdings of the company. Ropes Wealth Advisors LLC bought a new position in shares of Yext in the 1st quarter worth $33,000. Quantamental Technologies LLC bought a new position in shares of Yext during the 1st quarter valued at $46,000. Flagship Harbor Advisors LLC grew its holdings in shares of Yext by 4,800.0% during 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 last quarter. Menta Capital LLC bought a new position in shares of Yext during the 1st quarter valued at $201,000. Finally, FMR LLC grew its holdings in shares of Yext by 10.5% during the 4th quarter. FMR LLC now owns 9,462 shares of the company’s stock valued at $141,000 after purchasing an additional 900 shares during the last quarter. 57.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on YEXT. SunTrust Banks reaffirmed a “buy” rating and set a $30.00 target price on shares of Yext in a report on Monday, March 18th. Morgan Stanley upped their target price on shares of Yext from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Thursday, March 7th. Zacks Investment Research raised shares of Yext from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, May 3rd. Finally, ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Yext has an average rating of “Buy” and a consensus target price of $23.57.

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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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