Yext Inc (YEXT) CFO Steven Cakebread Sells 20,000 Shares

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Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $19.74, for a total transaction of $394,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Thursday, November 1st, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $19.14, for a total transaction of $382,800.00.
  • On Thursday, October 25th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $19.53, for a total transaction of $390,600.00.
  • On Thursday, October 18th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $19.50, for a total transaction of $390,000.00.
  • On Thursday, October 11th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $19.10, for a total transaction of $382,000.00.
  • On Thursday, October 4th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $22.15, for a total transaction of $443,000.00.
  • On Thursday, September 27th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $24.55, for a total transaction of $491,000.00.
  • On Thursday, September 20th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $25.23, for a total transaction of $504,600.00.
  • On Thursday, September 13th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $25.73, for a total transaction of $514,600.00.
  • On Thursday, September 6th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $24.93, for a total transaction of $498,600.00.
  • On Thursday, August 30th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $26.48, for a total transaction of $529,600.00.

Shares of Yext stock traded down $0.55 on Friday, hitting $18.87. The company had a trading volume of 620,920 shares, compared to its average volume of 1,084,453. The stock has a market capitalization of $1.97 billion, a PE ratio of -22.20 and a beta of 1.67. Yext Inc has a twelve month low of $10.58 and a twelve month high of $27.19.

Yext (NYSE:YEXT) last released its quarterly earnings results on Thursday, August 30th. The company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The company had revenue of $55.10 million during the quarter, compared to analysts’ expectations of $53.67 million. Yext had a negative net margin of 36.92% and a negative return on equity of 91.20%. On average, equities research analysts forecast that Yext Inc will post -0.79 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Yext by 297.0% during the second quarter. BlackRock Inc. now owns 5,147,131 shares of the company’s stock worth $99,546,000 after purchasing an additional 3,850,702 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Yext during the second quarter worth $15,478,000. Northern Trust Corp boosted its holdings in Yext by 279.7% during the second quarter. Northern Trust Corp now owns 914,499 shares of the company’s stock worth $17,686,000 after purchasing an additional 673,620 shares during the last quarter. Spark Investment Management LLC boosted its holdings in Yext by 387.9% during the second quarter. Spark Investment Management LLC now owns 491,800 shares of the company’s stock worth $9,511,000 after purchasing an additional 391,000 shares during the last quarter. Finally, Pier Capital LLC acquired a new position in Yext during the second quarter worth $7,515,000. Institutional investors own 44.50% of the company’s stock.

A number of research analysts recently issued reports on the stock. KeyCorp restated a “hold” rating on shares of Yext in a report on Thursday, August 30th. Morgan Stanley reiterated a “hold” rating and issued a $26.00 price target (up previously from $15.00) on shares of Yext in a report on Tuesday, September 18th. SunTrust Banks began coverage on shares of Yext in a report on Monday, August 13th. They issued a “buy” rating for the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $25.00 price target on shares of Yext in a report on Wednesday, July 25th. Finally, Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Yext presently has an average rating of “Buy” and a consensus target price of $24.00.

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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.

See Also: What are retained earnings?

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

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