Brian Distelburger Sells 10,000 Shares of Yext Inc (NYSE:YEXT) Stock

Yext Inc (NYSE:YEXT) President Brian Distelburger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $16.22, for a total value of $162,200.00. Following the completion of the transaction, the president now directly owns 3,817,822 shares of the company’s stock, valued at $61,925,072.84. The sale was disclosed in a filing with the SEC, which is available at this link.

Brian Distelburger also recently made the following trade(s):

  • On Tuesday, November 26th, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $17.35, for a total value of $173,500.00.
  • On Tuesday, November 19th, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $16.48, for a total value of $164,800.00.
  • On Tuesday, November 12th, Brian Distelburger sold 10,000 shares of Yext stock. The stock was sold at an average price of $16.41, for a total value of $164,100.00.
  • On Tuesday, November 5th, Brian Distelburger sold 10,000 shares of Yext stock. The shares were sold at an average price of $16.10, for a total value of $161,000.00.
  • On Monday, September 23rd, Brian Distelburger sold 5,897 shares of Yext stock. The shares were sold at an average price of $16.93, for a total value of $99,836.21.

YEXT stock traded up $0.07 during midday trading on Wednesday, reaching $16.54. 713,300 shares of the company’s stock traded hands, compared to its average volume of 851,151. The company has a 50-day simple moving average of $16.13 and a two-hundred day simple moving average of $18.26. Yext Inc has a 1-year low of $12.90 and a 1-year high of $23.32. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -21.76 and a beta of 1.29. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48.

A number of equities research analysts recently weighed in on YEXT shares. Oppenheimer set a $26.00 price target on Yext and gave the company a “buy” rating in a report on Friday, August 30th. ValuEngine cut Yext from a “buy” rating to a “hold” rating in a report on Tuesday. SunTrust Banks set a $30.00 price target on Yext and gave the company a “buy” rating in a report on Monday, August 26th. Morgan Stanley dropped their price target on Yext from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, October 16th. Finally, Berenberg Bank set a $27.00 price target on Yext and gave the company a “buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $24.20.

A number of hedge funds have recently added to or reduced their stakes in YEXT. Baillie Gifford & Co. increased its stake in shares of Yext by 26.1% in the 2nd quarter. Baillie Gifford & Co. now owns 8,511,510 shares of the company’s stock valued at $170,997,000 after buying an additional 1,763,991 shares during the period. BlackRock Inc. increased its stake in shares of Yext by 23.0% in the 2nd quarter. BlackRock Inc. now owns 7,615,307 shares of the company’s stock valued at $152,991,000 after buying an additional 1,421,845 shares during the period. Vanguard Group Inc. increased its stake in shares of Yext by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 7,350,509 shares of the company’s stock valued at $147,672,000 after buying an additional 309,431 shares during the period. Northern Trust Corp increased its stake in shares of Yext by 7.3% in the 2nd quarter. Northern Trust Corp now owns 1,031,835 shares of the company’s stock valued at $20,730,000 after buying an additional 69,918 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Yext in the 2nd quarter valued at $12,494,000. 63.04% of the stock is owned by hedge funds and other institutional investors.

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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