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

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 20,000 shares of Yext stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $18.23, for a total value of $364,600.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Thursday, July 5th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $19.26, for a total value of $385,200.00.
  • On Thursday, June 28th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $18.91, for a total value of $378,200.00.
  • On Thursday, June 21st, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $19.45, for a total value of $389,000.00.
  • On Thursday, June 14th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $18.60, for a total value of $372,000.00.
  • On Thursday, June 7th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $17.70, for a total value of $354,000.00.
  • On Thursday, May 31st, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $15.10, for a total value of $302,000.00.
  • On Thursday, May 24th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $14.57, for a total value of $291,400.00.
  • On Thursday, May 17th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $15.10, for a total value of $302,000.00.
  • On Thursday, May 10th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $14.32, for a total value of $286,400.00.
  • On Thursday, May 3rd, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $13.06, for a total value of $261,200.00.

Shares of Yext opened at $18.46 on Monday, MarketBeat.com reports. Yext Inc has a 52-week low of $10.58 and a 52-week high of $20.03. The stock has a market capitalization of $1.79 billion, a P/E ratio of -21.72 and a beta of 0.21.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Thursday, May 31st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.01. Yext had a negative return on equity of 81.00% and a negative net margin of 37.24%. The business had revenue of $51.10 million for the quarter, compared to analysts’ expectations of $49.35 million. During the same period in the previous year, the business posted ($0.13) EPS. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. equities analysts anticipate that Yext Inc will post -0.7 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in YEXT. Schwab Charles Investment Management Inc. raised its stake in Yext by 49.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 65,346 shares of the company’s stock valued at $787,000 after acquiring an additional 21,628 shares during the period. Teacher Retirement System of Texas bought a new stake in Yext in the 4th quarter valued at about $131,000. Swiss National Bank bought a new stake in Yext in the 4th quarter valued at about $647,000. Wells Fargo & Company MN raised its stake in Yext by 172.1% in the 4th quarter. Wells Fargo & Company MN now owns 40,878 shares of the company’s stock valued at $492,000 after acquiring an additional 25,853 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Yext by 129.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 20,104 shares of the company’s stock valued at $242,000 after acquiring an additional 11,335 shares during the period. Institutional investors and hedge funds own 45.75% of the company’s stock.

YEXT has been the topic of a number of research reports. KeyCorp boosted their price objective on Yext from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, May 31st. Morgan Stanley boosted their price objective on Yext from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Friday, June 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.75.

About Yext

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.

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