Yext Inc (NYSE:YEXT) CTO Tom Christopher Dixon sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $16.28, for a total value of $40,700.00. Following the transaction, the chief technology officer now directly owns 99,908 shares in the company, valued at $1,626,502.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tom Christopher Dixon also recently made the following trade(s):

  • On Thursday, September 10th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The shares were sold at an average price of $16.82, for a total value of $42,050.00.
  • On Wednesday, September 2nd, Tom Christopher Dixon sold 4,000 shares of Yext stock. The shares were sold at an average price of $19.86, for a total value of $79,440.00.
  • On Monday, August 31st, Tom Christopher Dixon sold 6,800 shares of Yext stock. The shares were sold at an average price of $20.00, for a total value of $136,000.00.
  • On Tuesday, August 25th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $17.55, for a total transaction of $43,875.00.
  • On Monday, August 17th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $17.04, for a total transaction of $42,600.00.
  • On Thursday, August 13th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $17.08, for a total transaction of $42,700.00.
  • On Wednesday, August 5th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $17.92, for a total transaction of $44,800.00.
  • On Tuesday, July 28th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $16.29, for a total transaction of $40,725.00.
  • On Monday, July 20th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $16.98, for a total transaction of $42,450.00.
  • On Thursday, July 16th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The stock was sold at an average price of $16.31, for a total transaction of $40,775.00.

Shares of YEXT opened at $15.22 on Friday. The company has a market capitalization of $1.82 billion, a P/E ratio of -13.71 and a beta of 1.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $17.23 and a 200 day moving average of $14.97. Yext Inc has a twelve month low of $8.56 and a twelve month high of $20.90.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Thursday, September 3rd. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. The company had revenue of $88.06 million during the quarter, compared to the consensus estimate of $85.14 million. Yext had a negative net margin of 38.54% and a negative return on equity of 63.74%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) earnings per share. On average, sell-side analysts expect that Yext Inc will post -0.89 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. bought a new stake in Yext in the 1st quarter worth approximately $282,000. Capital World Investors grew its position in Yext by 3.3% in the 1st quarter. Capital World Investors now owns 9,517,832 shares of the company’s stock worth $96,987,000 after purchasing an additional 303,356 shares during the period. Wells Fargo & Company MN grew its position in Yext by 38.7% in the 1st quarter. Wells Fargo & Company MN now owns 229,361 shares of the company’s stock worth $2,337,000 after purchasing an additional 63,991 shares during the period. Geode Capital Management LLC grew its position in Yext by 9.7% in the 1st quarter. Geode Capital Management LLC now owns 1,319,385 shares of the company’s stock worth $13,444,000 after purchasing an additional 116,659 shares during the period. Finally, Swiss National Bank grew its position in Yext by 49.1% in the 2nd quarter. Swiss National Bank now owns 179,400 shares of the company’s stock worth $2,980,000 after purchasing an additional 59,100 shares during the period. 70.61% of the stock is owned by institutional investors.

YEXT has been the subject of several research analyst reports. Morgan Stanley raised their price objective on shares of Yext from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, September 4th. William Blair initiated coverage on shares of Yext in a report on Tuesday, June 23rd. They issued an “outperform” rating for the company. SunTrust Banks lowered their price objective on shares of Yext from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, June 5th. Zacks Investment Research lowered shares of Yext from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, DA Davidson lifted their target price on shares of Yext from $18.50 to $22.00 and gave the company a “buy” rating in a report on Friday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $19.00.

About Yext

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.

See Also: Blockchain

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

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