Insider Selling: Yext Inc (NYSE:YEXT) CTO Sells $259,179.12 in Stock

Yext Inc (NYSE:YEXT) CTO Tom Christopher Dixon sold 26,022 shares of Yext stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $9.96, for a total transaction of $259,179.12. Following the completion of the transaction, the chief technology officer now directly owns 227,033 shares in the company, valued at $2,261,248.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, March 18th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The shares were sold at an average price of $10.18, for a total transaction of $25,450.00.
  • On Tuesday, March 10th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The shares were sold at an average price of $13.33, for a total transaction of $33,325.00.
  • On Thursday, February 27th, Tom Christopher Dixon sold 2,500 shares of Yext stock. The shares were sold at an average price of $15.38, for a total transaction of $38,450.00.

Shares of NYSE:YEXT opened at $11.32 on Friday. The firm has a market cap of $1.29 billion, a PE ratio of -10.39 and a beta of 0.98. The firm’s fifty day moving average is $14.28 and its 200-day moving average is $15.29. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.54. Yext Inc has a 52 week low of $9.57 and a 52 week high of $22.65.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The company had revenue of $81.38 million for the quarter, compared to analyst estimates of $80.21 million. Yext had a negative net margin of 40.67% and a negative return on equity of 55.70%. Yext’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Sell-side analysts forecast that Yext Inc will post -1.09 EPS for the current year.

Several large investors have recently modified their holdings of the company. Amalgamated Bank lifted its holdings in shares of Yext by 5.0% during the fourth quarter. Amalgamated Bank now owns 17,288 shares of the company’s stock worth $249,000 after purchasing an additional 824 shares during the period. Focused Wealth Management Inc raised its stake in Yext by 4.8% during the fourth quarter. Focused Wealth Management Inc now owns 23,294 shares of the company’s stock worth $336,000 after buying an additional 1,075 shares during the last quarter. AXA raised its stake in Yext by 0.3% during the fourth quarter. AXA now owns 525,122 shares of the company’s stock worth $7,572,000 after buying an additional 1,496 shares during the last quarter. California State Teachers Retirement System raised its stake in Yext by 1.2% during the third quarter. California State Teachers Retirement System now owns 144,848 shares of the company’s stock worth $2,302,000 after buying an additional 1,730 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Yext by 1.7% during the fourth quarter. Rhumbline Advisers now owns 122,835 shares of the company’s stock worth $1,771,000 after buying an additional 2,025 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.

A number of research analysts recently issued reports on YEXT shares. JPMorgan Chase & Co. decreased their price objective on shares of Yext from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Zacks Investment Research raised shares of Yext from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Saturday, March 14th. SunTrust Banks decreased their price objective on shares of Yext from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Oppenheimer cut their target price on shares of Yext from $26.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. Finally, Berenberg Bank restated a “buy” rating and issued a $18.00 target price on shares of Yext in a research report on Monday, March 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.31.

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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