Yext, Inc. (NYSE:YEXT) CFO Steven Cakebread Sells 7,483 Shares of Stock

Yext, Inc. (NYSE:YEXT) CFO Steven Cakebread sold 7,483 shares of the firm’s stock in a transaction that occurred on Monday, September 20th. The stock was sold at an average price of $12.25, for a total transaction of $91,666.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

YEXT stock opened at $12.32 on Thursday. The firm has a fifty day moving average price of $12.80 and a 200 day moving average price of $13.66. The firm has a market cap of $1.58 billion, a PE ratio of -17.86 and a beta of 1.41. Yext, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $20.23.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, September 1st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. Yext had a negative net margin of 23.04% and a negative return on equity of 40.48%. The company had revenue of $98.12 million during the quarter, compared to analyst estimates of $95.05 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. Yext’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, research analysts anticipate that Yext, Inc. will post -0.8 EPS for the current fiscal year.

YEXT has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Yext from a “hold” rating to a “sell” rating in a report on Thursday, September 9th. DA Davidson cut their target price on shares of Yext from $18.00 to $16.50 and set a “buy” rating for the company in a report on Friday, September 3rd. Morgan Stanley cut their target price on shares of Yext from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, September 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Yext in a report on Friday, September 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.75.

Several large investors have recently added to or reduced their stakes in YEXT. BlackRock Inc. lifted its position in shares of Yext by 12.5% during the second quarter. BlackRock Inc. now owns 10,643,794 shares of the company’s stock worth $152,098,000 after purchasing an additional 1,181,599 shares during the last quarter. Morgan Stanley lifted its position in shares of Yext by 228.9% during the second quarter. Morgan Stanley now owns 1,341,911 shares of the company’s stock worth $19,176,000 after purchasing an additional 933,914 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Yext by 6.9% during the second quarter. Vanguard Group Inc. now owns 10,357,102 shares of the company’s stock worth $148,003,000 after purchasing an additional 672,442 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Yext during the second quarter worth $8,299,000. Finally, Great Lakes Advisors LLC bought a new stake in shares of Yext during the second quarter worth $7,228,000. Institutional investors and hedge funds own 69.17% of the company’s stock.

Yext Company Profile

Yext, Inc is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform, which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

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