Yext Inc (NYSE:YEXT) President Brian Distelburger sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $22.62, for a total transaction of $226,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Brian Distelburger also recently made the following trade(s):
- On Wednesday, March 6th, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.09, for a total transaction of $200,900.00.
- On Friday, December 21st, Brian Distelburger sold 1,384 shares of Yext stock. The stock was sold at an average price of $13.54, for a total transaction of $18,739.36.
Yext stock traded down $0.13 during mid-day trading on Friday, reaching $22.66. The company had a trading volume of 1,569,219 shares, compared to its average volume of 967,469. Yext Inc has a 52 week low of $11.70 and a 52 week high of $27.19. The company has a market cap of $2.30 billion, a PE ratio of -29.82 and a beta of 0.89.
Yext (NYSE:YEXT) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. Yext had a negative net margin of 34.74% and a negative return on equity of 104.67%. The firm had revenue of $63.80 million during the quarter, compared to the consensus estimate of $62.77 million. During the same period in the prior year, the firm earned ($0.10) EPS. The business’s revenue was up 32.9% on a year-over-year basis. As a group, analysts forecast that Yext Inc will post -0.84 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of YEXT. Capital International Investors bought a new stake in Yext in the 3rd quarter valued at $44,201,000. Renaissance Technologies LLC boosted its holdings in Yext by 159.7% in the 3rd quarter. Renaissance Technologies LLC now owns 2,078,686 shares of the company’s stock valued at $49,265,000 after purchasing an additional 1,278,386 shares during the period. Baillie Gifford & Co. bought a new stake in Yext in the 3rd quarter valued at $22,977,000. Morgan Stanley boosted its holdings in Yext by 185.2% in the 3rd quarter. Morgan Stanley now owns 1,009,392 shares of the company’s stock valued at $23,922,000 after purchasing an additional 655,428 shares during the period. Finally, BlackRock Inc. boosted its holdings in Yext by 11.3% in the 4th quarter. BlackRock Inc. now owns 5,810,456 shares of the company’s stock valued at $86,285,000 after purchasing an additional 588,161 shares during the period. 54.06% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on YEXT shares. Morgan Stanley decreased their price objective on shares of Yext from $25.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, December 3rd. Zacks Investment Research raised shares of Yext from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. KeyCorp reaffirmed a “hold” rating on shares of Yext in a report on Thursday, November 29th. Berenberg Bank started coverage on shares of Yext in a report on Friday, November 16th. They set a “buy” rating and a $25.00 price objective for the company. Finally, DA Davidson decreased their price objective on shares of Yext to $24.00 and set a “buy” rating for the company in a report on Monday, December 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Yext currently has a consensus rating of “Buy” and a consensus target price of $22.71.
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Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. 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 PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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