Insider Selling: Yext Inc (YEXT) CFO Sells 10,000 Shares of Stock

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 10,000 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $12.56, for a total transaction of $125,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Yext Inc (NYSE:YEXT) opened at $12.79 on Monday. Yext Inc has a one year low of $11.03 and a one year high of $15.11. The firm has a market cap of $1,170.00 and a price-to-earnings ratio of -13.61.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Thursday, November 30th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01). Yext had a negative return on equity of 157.17% and a negative net margin of 40.63%. equities research analysts forecast that Yext Inc will post -0.7 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada bought a new position in Yext during the second quarter worth $100,000. Cubist Systematic Strategies LLC bought a new position in Yext during the second quarter worth $146,000. Rhumbline Advisers bought a new position in Yext during the second quarter worth $164,000. Alliancebernstein L.P. bought a new position in Yext during the second quarter worth $172,000. Finally, New York State Common Retirement Fund bought a new position in Yext during the second quarter worth $173,000. 28.58% of the stock is currently owned by institutional investors and hedge funds.

YEXT has been the subject of a number of analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $17.00 price objective on shares of Yext in a research note on Thursday, October 12th. KeyCorp restated a “buy” rating and issued a $16.00 price objective on shares of Yext in a research note on Sunday, November 5th. Zacks Investment Research upgraded shares of Yext from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, BidaskClub upgraded shares of Yext from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Yext currently has an average rating of “Hold” and an average target price of $16.20.

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About Yext

Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

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

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