Tom Christopher Dixon Sells 35,397 Shares of Yext Inc (NYSE:YEXT) Stock

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Yext Inc (NYSE:YEXT) insider Tom Christopher Dixon sold 35,397 shares of the firm’s stock in a transaction on Thursday, June 21st. The stock was sold at an average price of $19.39, for a total value of $686,347.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tom Christopher Dixon also recently made the following trade(s):

  • On Tuesday, June 26th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $19.06, for a total value of $238,250.00.
  • On Tuesday, June 12th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $18.55, for a total value of $231,875.00.
  • On Tuesday, June 5th, Tom Christopher Dixon sold 122,500 shares of Yext stock. The stock was sold at an average price of $16.68, for a total value of $2,043,300.00.
  • On Tuesday, May 29th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $14.70, for a total value of $183,750.00.
  • On Tuesday, May 22nd, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $14.83, for a total value of $185,375.00.
  • On Wednesday, May 16th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $15.10, for a total value of $188,750.00.
  • On Wednesday, May 9th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The stock was sold at an average price of $14.20, for a total value of $177,500.00.
  • On Tuesday, May 1st, Tom Christopher Dixon sold 12,500 shares of Yext stock. The shares were sold at an average price of $13.22, for a total value of $165,250.00.
  • On Tuesday, April 24th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The shares were sold at an average price of $13.11, for a total value of $163,875.00.
  • On Tuesday, April 17th, Tom Christopher Dixon sold 12,500 shares of Yext stock. The shares were sold at an average price of $13.01, for a total value of $162,625.00.

Shares of Yext opened at $19.34 on Friday, Marketbeat.com reports. Yext Inc has a 1-year low of $10.58 and a 1-year high of $19.80. The firm has a market cap of $1.80 billion, a PE ratio of -22.75 and a beta of 0.40.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Thursday, May 31st. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. Yext had a negative return on equity of 81.00% and a negative net margin of 37.24%. The firm had revenue of $51.10 million during the quarter, compared to the consensus estimate of $49.35 million. During the same period last year, the company earned ($0.13) earnings per share. The company’s revenue was up 37.7% on a year-over-year basis. sell-side analysts anticipate that Yext Inc will post -0.7 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Yext by 11.6% during the first quarter. Barclays PLC now owns 34,098 shares of the company’s stock valued at $430,000 after acquiring an additional 3,532 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Yext by 25.4% during the first quarter. Rhumbline Advisers now owns 20,831 shares of the company’s stock valued at $264,000 after acquiring an additional 4,215 shares in the last quarter. UBS Group AG increased its holdings in shares of Yext by 42.2% during the first quarter. UBS Group AG now owns 17,577 shares of the company’s stock valued at $222,000 after acquiring an additional 5,217 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Yext by 2.4% during the first quarter. Northern Trust Corp now owns 240,879 shares of the company’s stock valued at $3,047,000 after acquiring an additional 5,687 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Yext by 94.5% during the fourth quarter. American International Group Inc. now owns 15,811 shares of the company’s stock valued at $190,000 after acquiring an additional 7,683 shares in the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Several equities analysts have commented on the company. KeyCorp raised their price objective on Yext from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, May 31st. Piper Jaffray Companies reissued a “buy” rating and set a $16.00 price objective on shares of Yext in a research report on Friday, March 9th. Morgan Stanley raised their price objective on Yext from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research lowered Yext from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.75.

About Yext

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.

Insider Buying and Selling by Quarter for Yext (NYSE:YEXT)

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