Steven Cakebread Sells 20,000 Shares of Yext Inc (YEXT) Stock

Yext Inc (NYSE:YEXT) CFO Steven Cakebread sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $17.26, for a total transaction of $345,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, November 8th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $19.74, for a total transaction of $394,800.00.
  • On Thursday, November 1st, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $19.14, for a total transaction of $382,800.00.
  • On Thursday, October 25th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $19.53, for a total transaction of $390,600.00.
  • On Thursday, October 18th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $19.50, for a total transaction of $390,000.00.
  • On Thursday, October 11th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $19.10, for a total transaction of $382,000.00.
  • On Thursday, October 4th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $22.15, for a total transaction of $443,000.00.
  • On Thursday, September 27th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $24.55, for a total transaction of $491,000.00.
  • On Thursday, September 20th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $25.23, for a total transaction of $504,600.00.
  • On Thursday, September 13th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $25.73, for a total transaction of $514,600.00.
  • On Thursday, September 6th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $24.93, for a total transaction of $498,600.00.

Shares of NYSE:YEXT opened at $17.72 on Monday. The firm has a market capitalization of $1.75 billion, a P/E ratio of -20.85 and a beta of 1.67. Yext Inc has a 52 week low of $10.58 and a 52 week high of $27.19.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Thursday, August 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $55.10 million for the quarter, compared to analyst estimates of $53.67 million. Yext had a negative net margin of 36.92% and a negative return on equity of 91.20%. As a group, analysts forecast that Yext Inc will post -0.79 earnings per share for the current year.

A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Yext from a “sell” rating to a “hold” rating in a research report on Saturday. Piper Jaffray Companies reiterated a “buy” rating and issued a $25.00 target price on shares of Yext in a research report on Wednesday, July 25th. Berenberg Bank assumed coverage on shares of Yext in a research report on Friday. They issued a “buy” rating and a $25.00 target price on the stock. Morgan Stanley decreased their target price on shares of Yext from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of Yext in a research report on Thursday, August 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.20.

A number of institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC grew its holdings in Yext by 1.9% in the 3rd quarter. Teachers Advisors LLC now owns 161,394 shares of the company’s stock worth $3,825,000 after acquiring an additional 2,950 shares during the last quarter. AQR Capital Management LLC bought a new stake in Yext in the 3rd quarter worth $1,872,000. MetLife Investment Advisors LLC grew its holdings in Yext by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 58,005 shares of the company’s stock worth $1,375,000 after acquiring an additional 20,620 shares during the last quarter. Putnam Investments LLC grew its holdings in Yext by 21.1% in the 3rd quarter. Putnam Investments LLC now owns 158,228 shares of the company’s stock worth $3,750,000 after acquiring an additional 27,528 shares during the last quarter. Finally, Sandler Capital Management bought a new stake in Yext in the 3rd quarter worth $6,783,000. 44.60% of the stock is currently owned by institutional investors and hedge funds.

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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