Steven Cakebread Sells 10,000 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 10,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $20.58, for a total value of $205,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, May 6th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $22.20, for a total value of $222,000.00.
  • On Monday, April 29th, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $21.41, for a total value of $214,100.00.
  • On Monday, April 22nd, Steven Cakebread sold 10,000 shares of Yext stock. The stock was sold at an average price of $20.09, for a total value of $200,900.00.

YEXT stock traded up $0.28 during midday trading on Thursday, reaching $21.44. The company’s stock had a trading volume of 10,113 shares, compared to its average volume of 953,921. Yext Inc has a 1 year low of $12.90 and a 1 year high of $27.19. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -28.21 and a beta of 0.89.

Yext (NYSE:YEXT) last released its earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. Yext had a negative return on equity of 101.77% and a negative net margin of 34.74%. The business had revenue of $63.80 million for the quarter, compared to analyst estimates of $62.77 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The business’s revenue was up 32.9% compared to the same quarter last year. As a group, equities research analysts forecast that Yext Inc will post -0.85 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on YEXT. SunTrust Banks restated a “buy” rating and issued a $30.00 price target on shares of Yext in a research report on Monday, March 18th. Morgan Stanley increased their target price on Yext from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Thursday, March 7th. Zacks Investment Research upgraded Yext from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, May 3rd. ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Finally, Oppenheimer began coverage on Yext in a research note on Thursday, January 24th. They issued an “outperform” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $23.13.

Hedge funds have recently added to or reduced their stakes in the business. Ropes Wealth Advisors LLC purchased a new position in shares of Yext during the first quarter valued at $33,000. Quantamental Technologies LLC purchased a new position in shares of Yext during the first quarter valued at $46,000. Flagship Harbor Advisors LLC increased its stake in shares of Yext by 4,800.0% during the first quarter. Flagship Harbor Advisors LLC now owns 2,450 shares of the company’s stock valued at $53,000 after buying an additional 2,400 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Yext by 87.4% during the first quarter. Great West Life Assurance Co. Can now owns 7,335 shares of the company’s stock valued at $160,000 after buying an additional 3,421 shares during the period. Finally, Menta Capital LLC purchased a new position in shares of Yext during the first quarter valued at $201,000. Institutional investors and hedge funds own 58.95% of the company’s stock.

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Yext Company Profile

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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