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 business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $21.19, for a total transaction of $635,700.00. Following the transaction, the chief executive officer now directly owns 3,270,064 shares of the company’s stock, valued at approximately $69,292,656.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, September 3rd, Howard Lerman sold 60,000 shares of Yext stock. The shares were sold at an average price of $16.09, for a total transaction of $965,400.00.
  • On Thursday, August 22nd, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $18.81, for a total transaction of $564,300.00.
  • On Wednesday, August 14th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.50, for a total transaction of $585,000.00.
  • On Tuesday, August 6th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.46, for a total transaction of $583,800.00.
  • On Friday, July 26th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.10, for a total transaction of $603,000.00.
  • On Wednesday, July 17th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.93, for a total transaction of $627,900.00.
  • On Thursday, July 11th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.65, for a total transaction of $619,500.00.
  • On Tuesday, July 2nd, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $20.38, for a total transaction of $611,400.00.
  • On Friday, June 28th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $19.99, for a total transaction of $599,700.00.
  • On Friday, June 21st, Howard Lerman sold 17,921 shares of Yext stock. The shares were sold at an average price of $20.05, for a total transaction of $359,316.05.

Shares of YEXT opened at $16.99 on Friday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -22.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 2.14. Yext Inc has a fifty-two week low of $12.90 and a fifty-two week high of $27.19. The firm has a 50 day moving average price of $19.42 and a 200-day moving average price of $20.30.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Thursday, August 29th. The company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.04). The business had revenue of $72.37 million during the quarter, compared to the consensus estimate of $71.86 million. Yext had a negative return on equity of 67.96% and a negative net margin of 33.57%. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. As a group, equities research analysts predict that Yext Inc will post -0.96 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Aperio Group LLC bought a new stake in Yext during the 2nd quarter valued at $30,000. Quantamental Technologies LLC bought a new stake in Yext during the 1st quarter valued at $46,000. Focused Wealth Management Inc bought a new stake in Yext during the 2nd quarter valued at $59,000. Tower Research Capital LLC TRC bought a new stake in Yext during the 2nd quarter valued at $80,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Yext by 88.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,067 shares of the company’s stock valued at $82,000 after buying an additional 1,908 shares during the last quarter. Hedge funds and other institutional investors own 60.66% of the company’s stock.

Several equities research analysts have issued reports on YEXT shares. Berenberg Bank set a $27.00 target price on shares of Yext and gave the company a “buy” rating in a research report on Wednesday. SunTrust Banks set a $30.00 target price on shares of Yext and gave the company a “buy” rating in a research report on Monday, August 26th. Zacks Investment Research lowered shares of Yext from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Oppenheimer set a $26.00 target price on shares of Yext and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.33.

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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