Yext Inc (NYSE:YEXT) CFO Sells $154,400.00 in Stock

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 10,000 shares of Yext stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $15.44, for a total transaction of $154,400.00.

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

  • On Monday, October 7th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $15.91, for a total transaction of $159,100.00.
  • On Monday, September 30th, Steven Cakebread sold 16,225 shares of Yext stock. The shares were sold at an average price of $15.87, for a total transaction of $257,490.75.
  • On Monday, September 23rd, Steven Cakebread sold 4,489 shares of Yext stock. The stock was sold at an average price of $16.93, for a total transaction of $75,998.77.
  • On Monday, September 16th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $17.72, for a total transaction of $177,200.00.
  • On Monday, September 9th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $16.34, for a total transaction of $163,400.00.
  • On Tuesday, September 3rd, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $16.18, for a total transaction of $161,800.00.
  • On Monday, July 29th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.25, for a total transaction of $212,500.00.
  • On Monday, August 5th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $19.60, for a total transaction of $196,000.00.
  • On Monday, August 12th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.37, for a total transaction of $203,700.00.
  • On Monday, August 19th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $19.10, for a total transaction of $191,000.00.

YEXT stock traded up $0.19 during midday trading on Friday, reaching $16.10. The company had a trading volume of 647,646 shares, compared to its average volume of 868,815. Yext Inc has a 1 year low of $12.90 and a 1 year high of $23.32. The company has a market capitalization of $1.79 billion, a P/E ratio of -21.18 and a beta of 1.29. The firm has a 50-day moving average price of $15.78 and a 200-day moving average price of $18.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.00 and a quick ratio of 2.00.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Thursday, August 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.04). Yext had a negative net margin of 33.57% and a negative return on equity of 57.48%. The business had revenue of $72.37 million during the quarter, compared to analysts’ expectations of $71.86 million. During the same period last year, the company posted ($0.10) EPS. Yext’s revenue for the quarter was up 31.8% on a year-over-year basis. On average, equities analysts predict that Yext Inc will post -0.97 EPS for the current year.

A number of large investors have recently bought and sold shares of YEXT. Baillie Gifford & Co. raised its holdings in Yext by 26.1% during the 2nd quarter. Baillie Gifford & Co. now owns 8,511,510 shares of the company’s stock valued at $170,997,000 after buying an additional 1,763,991 shares during the last quarter. BlackRock Inc. grew its position in Yext by 23.0% during the 2nd quarter. BlackRock Inc. now owns 7,615,307 shares of the company’s stock valued at $152,991,000 after purchasing an additional 1,421,845 shares during the last quarter. Clearbridge Investments LLC grew its position in Yext by 25.9% during the 1st quarter. Clearbridge Investments LLC now owns 3,204,760 shares of the company’s stock valued at $70,056,000 after purchasing an additional 658,477 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Yext during the 2nd quarter valued at about $12,494,000. Finally, black and white Capital LP grew its position in Yext by 256.7% during the 2nd quarter. black and white Capital LP now owns 535,000 shares of the company’s stock valued at $10,748,000 after purchasing an additional 385,000 shares during the last quarter. Institutional investors own 61.66% of the company’s stock.

Several analysts have recently issued reports on YEXT shares. Oppenheimer set a $26.00 price target on shares of Yext and gave the company a “buy” rating in a research report on Friday, August 30th. Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. SunTrust Banks set a $30.00 price objective on shares of Yext and gave the company a “buy” rating in a research note on Monday, August 26th. Morgan Stanley cut their price target on shares of Yext from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Wednesday, October 16th. Finally, Berenberg Bank set a $27.00 price target on shares of Yext and gave the stock a “buy” rating in a research note on Wednesday, September 4th. One equities research 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. The stock currently has an average rating of “Buy” and a consensus price target of $24.17.

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.

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