Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $19.03, for a total transaction of $190,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Steven Cakebread also recently made the following trade(s):

  • On Monday, June 3rd, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $18.25, for a total transaction of $182,500.00.
  • On Tuesday, May 28th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.42, for a total transaction of $204,200.00.
  • On Monday, May 20th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $21.12, for a total transaction of $211,200.00.
  • On Monday, May 13th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.58, for a total transaction of $205,800.00.
  • On Monday, May 6th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $22.20, for a total transaction of $222,000.00.
  • On Monday, April 29th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $21.41, for a total transaction of $214,100.00.
  • On Monday, April 22nd, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $20.09, for a total transaction of $200,900.00.

YEXT traded up $0.33 during trading on Wednesday, reaching $20.13. 1,538,417 shares of the company’s stock were exchanged, compared to its average volume of 966,236. Yext Inc has a 1 year low of $12.90 and a 1 year high of $27.19. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.22 billion, a PE ratio of -26.49 and a beta of 1.13.

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

A number of analysts have recently weighed in on YEXT shares. SunTrust Banks restated a “buy” rating and issued a $30.00 price target on shares of Yext in a report on Monday, March 18th. Morgan Stanley raised their price target on shares of Yext from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Thursday, March 7th. Zacks Investment Research lowered shares of Yext from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research report on Saturday, April 27th. Finally, ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. Yext presently has an average rating of “Hold” and an average target price of $23.86.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ropes Wealth Advisors LLC purchased a new position in shares of Yext during the 1st quarter valued at approximately $33,000. Quantamental Technologies LLC purchased a new position in shares of Yext during the 1st quarter valued at approximately $46,000. Flagship Harbor Advisors LLC increased 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 in the last quarter. FMR LLC increased 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 in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Yext by 87.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 7,335 shares of the company’s stock valued at $160,000 after purchasing an additional 3,421 shares in the last quarter. 57.88% of the stock is owned by institutional investors.

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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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