Yext (NYSE:YEXT) CAO Allan Tang Sells 10,000 Shares
by Renee Jackson · The Cerbat GemYext (NYSE:YEXT – Get Free Report) CAO Allan Tang sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total value of $36,200.00. Following the completion of the transaction, the chief accounting officer directly owned 7,848 shares of the company’s stock, valued at $28,409.76. This trade represents a 56.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Yext Stock Performance
NYSE YEXT traded up $0.08 during trading hours on Friday, hitting $3.70. The company had a trading volume of 1,482,976 shares, compared to its average volume of 3,090,518. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07. Yext has a 1-year low of $3.29 and a 1-year high of $9.20. The company has a market cap of $455.76 million, a PE ratio of 61.59 and a beta of 1.19. The business has a 50 day moving average of $4.83 and a 200-day moving average of $6.98.
Yext (NYSE:YEXT – Get Free Report) last issued its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. Yext had a return on equity of 29.61% and a net margin of 8.48%.The company had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. During the same quarter last year, the company posted $0.13 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Yext will post -0.12 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Lynrock Lake LP increased its stake in Yext by 23.3% in the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after purchasing an additional 2,861,653 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Yext by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock worth $47,561,000 after purchasing an additional 371,253 shares during the last quarter. Hudson Bay Capital Management LP raised its stake in shares of Yext by 126.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after purchasing an additional 1,647,174 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Yext by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,602,559 shares of the company’s stock worth $20,980,000 after purchasing an additional 23,914 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Yext by 28.7% during the fourth quarter. Federated Hermes Inc. now owns 1,871,845 shares of the company’s stock worth $15,087,000 after purchasing an additional 417,896 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on YEXT. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $9.50 to $6.00 in a report on Wednesday, March 11th. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. B. Riley Financial lowered their price objective on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, DA Davidson restated a “neutral” rating and issued a $6.00 price objective on shares of Yext in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.50.
Get Our Latest Stock Report on Yext
About Yext
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.