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

Yext Inc (NYSE:YEXT) CEO Howard Lerman sold 30,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $19.37, for a total transaction of $581,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

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On Wednesday, February 27th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.18, for a total transaction of $545,400.00. On Thursday, February 21st, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $18.20, for a total transaction of $546,000.00. On Friday, February 15th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.99, for a total transaction of $539,700.00. On Thursday, February 7th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $17.12, for a total transaction of $513,600.00. On Friday, February 1st, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.71, for a total transaction of $471,300.00. On Wednesday, January 30th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $15.01, for a total transaction of $450,300.00. On Friday, January 25th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $14.76, for a total transaction of $442,800.00. On Thursday, January 17th, Howard Lerman sold 30,000 shares of Yext stock. The stock was sold at an average price of $14.57, for a total transaction of $437,100.00. On Wednesday, January 9th, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $15.28, for a total transaction of $458,400.00. On Thursday, January 3rd, Howard Lerman sold 30,000 shares of Yext stock. The shares were sold at an average price of $14.47, for a total transaction of $434,100.00.

Shares of NYSE:YEXT traded up $2.06 during trading on Thursday, reaching $22.43. 5,366,678 shares of the stock traded hands, compared to its average volume of 902,057. Yext Inc has a 52-week low of $11.70 and a 52-week high of $27.19. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -26.39 and a beta of 0.77.

Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. Yext had a negative net margin of 38.03% and a negative return on equity of 104.78%. The business had revenue of $63.80 million for the quarter, compared to the consensus estimate of $62.77 million. During the same period last year, the firm earned ($0.10) earnings per share. The company’s quarterly revenue was up 32.9% on a year-over-year basis. On average, sell-side analysts forecast that Yext Inc will post -0.83 EPS for the current year.

YEXT has been the subject of several analyst reports. Berenberg Bank started coverage on shares of Yext in a research report on Friday, November 16th. They set a “buy” rating and a $25.00 price target for the company. DA Davidson lowered their price objective on shares of Yext to $24.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. They noted that the move was a valuation call. SunTrust Banks reissued a “buy” rating and issued a $28.00 price target on shares of Yext in a research note on Friday, December 14th. Morgan Stanley decreased their price target on shares of Yext from $25.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, December 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Yext in a research note on Thursday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Yext presently has a consensus rating of “Buy” and a consensus price target of $22.71.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Edge Wealth Management LLC bought a new stake in shares of Yext during the 4th quarter valued at $92,000. FMR LLC raised its position 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 period. New World Advisors LLC bought a new stake in shares of Yext during the 4th quarter valued at $164,000. Cim Investment Mangement Inc. bought a new stake in Yext in the 4th quarter valued at $165,000. Finally, Amalgamated Bank bought a new stake in Yext in the 4th quarter valued at $177,000. Institutional investors and hedge funds own 51.93% of the company’s stock.

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Yext Company Profile

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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