Insider Selling: Yext (NYSE:YEXT) General Counsel Sells 30,000 Shares of Stock

Key Points

• Yext General Counsel Ho Shin sold 30,000 shares at an average price of $6.39, generating $191,700. The sale reduced Shin’s stake by 9.4%, leaving 289,269 shares.
• Yext reported quarterly EPS of $0.21, beating estimates of $0.17, while revenue of $111.1 million declined 1.8% year over year. Shares recently traded near $6.38, within a 52-week range of $3.27 to $9.03.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $6.33 price target. Institutional investors own approximately 70.98% of Yext’s outstanding shares.

Yext (NYSE:YEXT - Get Free Report) General Counsel Ho Shin sold 30,000 shares of Yext stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $6.39, for a total value of $191,700.00. Following the transaction, the general counsel owned 289,269 shares of the company's stock, valued at $1,848,428.91. The trade was a 9.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Yext Stock Performance

Shares of YEXT traded up $0.10 during mid-day trading on Friday, reaching $6.38. The company had a trading volume of 780,579 shares, compared to its average volume of 2,023,946. The stock has a market capitalization of $630.99 million, a P/E ratio of 37.50 and a beta of 1.15. Yext has a 52-week low of $3.27 and a 52-week high of $9.03. The stock has a 50 day moving average of $5.81 and a two-hundred day moving average of $4.81. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.14.

Yext (NYSE:YEXT - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. Yext had a net margin of 5.90% and a return on equity of 43.23%. The company had revenue of $111.10 million during the quarter, compared to analysts' expectations of $111.30 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts expect that Yext will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Yext in the second quarter valued at approximately $31,000. New York State Teachers Retirement System boosted its stake in Yext by 9,253.0% during the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company's stock worth $36,000 after buying an additional 9,253 shares during the last quarter. Clearstead Advisors LLC increased its stake in shares of Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock worth $38,000 after acquiring an additional 2,784 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Yext in the 1st quarter worth $38,000. Finally, Legal & General Group Plc purchased a new position in shares of Yext during the 2nd quarter worth $39,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on YEXT. B Riley restated a "neutral" rating on shares of Yext in a research report on Wednesday, September 2nd. Zacks Research lowered shares of Yext from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. Weiss Ratings restated a "sell (d+)" rating on shares of Yext in a research report on Monday, August 31st. B. Riley Financial lifted their target price on shares of Yext from $5.00 to $7.00 and gave the company a "neutral" rating in a research report on Wednesday, September 2nd. Finally, Wall Street Zen raised shares of Yext from a "hold" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $6.33.

Yext Company Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.

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