Brian Distelburger Sells 1,318 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) President Brian Distelburger sold 1,318 shares of the firm’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $24.87, for a total transaction of $32,778.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Wednesday, July 18th, Brian Distelburger sold 8,080 shares of Yext stock. The stock was sold at an average price of $18.54, for a total transaction of $149,803.20.
  • On Wednesday, July 11th, Brian Distelburger sold 8,160 shares of Yext stock. The stock was sold at an average price of $18.16, for a total transaction of $148,185.60.
  • On Thursday, July 5th, Brian Distelburger sold 28,160 shares of Yext stock. The stock was sold at an average price of $19.26, for a total transaction of $542,361.60.
  • On Wednesday, June 27th, Brian Distelburger sold 8,160 shares of Yext stock. The stock was sold at an average price of $19.14, for a total transaction of $156,182.40.

Shares of YEXT opened at $24.46 on Thursday. Yext Inc has a 1-year low of $10.58 and a 1-year high of $27.19. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -28.78 and a beta of 0.74.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Thursday, August 30th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Yext had a negative net margin of 36.92% and a negative return on equity of 91.20%. The business had revenue of $55.10 million during the quarter, compared to analysts’ expectations of $53.67 million. equities research analysts anticipate that Yext Inc will post -0.78 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of Yext by 279.7% in the second quarter. Northern Trust Corp now owns 914,499 shares of the company’s stock valued at $17,686,000 after purchasing an additional 673,620 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Yext by 431.8% in the second quarter. Bank of New York Mellon Corp now owns 373,507 shares of the company’s stock valued at $7,224,000 after purchasing an additional 303,271 shares during the period. Putnam Investments LLC purchased a new position in shares of Yext in the second quarter valued at approximately $2,528,000. Millennium Management LLC purchased a new position in shares of Yext in the second quarter valued at approximately $6,916,000. Finally, MetLife Investment Advisors LLC boosted its stake in shares of Yext by 220.2% in the second quarter. MetLife Investment Advisors LLC now owns 37,385 shares of the company’s stock valued at $723,000 after purchasing an additional 25,711 shares during the period. Institutional investors and hedge funds own 52.64% of the company’s stock.

Several equities research analysts recently issued reports on YEXT shares. Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. KeyCorp restated a “hold” rating on shares of Yext in a research report on Thursday, August 30th. Piper Jaffray Companies restated a “buy” rating and set a $25.00 price objective on shares of Yext in a research report on Wednesday, July 25th. Morgan Stanley raised their price objective on shares of Yext from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Friday, June 1st. Finally, SunTrust Banks started coverage on shares of Yext in a research report on Monday, August 13th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Yext currently has an average rating of “Hold” and a consensus target price of $23.00.

Yext Company Profile

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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