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


Yext (NYSE:YEXT) CFO Steven Cakebread sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $15.10, for a total transaction of $302,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.


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

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On Thursday, May 10th, Steven Cakebread sold 20,000 shares of Yext stock. The stock was sold at an average price of $14.32, for a total transaction of $286,400.00. On Thursday, May 3rd, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $13.06, for a total transaction of $261,200.00. On Thursday, April 26th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $13.11, for a total transaction of $262,200.00. On Thursday, April 19th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $13.54, for a total transaction of $270,800.00. On Thursday, April 12th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $12.33, for a total transaction of $246,600.00. On Thursday, April 5th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $12.33, for a total transaction of $246,600.00. On Thursday, March 29th, Steven Cakebread sold 20,000 shares of Yext stock. The shares were sold at an average price of $12.48, for a total transaction of $249,600.00. On Thursday, March 22nd, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $12.39, for a total transaction of $123,900.00. On Thursday, March 15th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $12.27, for a total transaction of $122,700.00. On Thursday, March 8th, Steven Cakebread sold 10,000 shares of Yext stock. The shares were sold at an average price of $13.30, for a total transaction of $133,000.00.


Shares of NYSE YEXT traded up $0.19 during mid-day trading on Friday, reaching $15.35. The company had a trading volume of 3,399,317 shares, compared to its average volume of 725,507. The company has a market capitalization of $1.47 billion and a price-to-earnings ratio of -18.06. Yext has a 52-week low of $10.58 and a 52-week high of $15.40.

Yext (NYSE:YEXT) last posted its earnings results on Thursday, March 8th. The company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.01). The company had revenue of $48.02 million during the quarter, compared to analysts’ expectations of $47.88 million. Yext had a negative net margin of 39.11% and a negative return on equity of 69.04%. equities analysts expect that Yext will post -0.7 earnings per share for the current year.


YEXT has been the topic of a number of recent analyst reports. Piper Jaffray reissued a “buy” rating and issued a $16.00 price objective on shares of Yext in a research report on Friday, March 9th. Zacks Investment Research downgraded shares of 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 issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.25.


Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its position in shares of Yext by 11.6% in the 1st quarter. Barclays PLC now owns 34,098 shares of the company’s stock valued at $430,000 after buying an additional 3,532 shares during the last quarter. UBS Group AG grew its position in shares of Yext by 42.2% in the 1st quarter. UBS Group AG now owns 17,577 shares of the company’s stock valued at $222,000 after buying an additional 5,217 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Yext in the 1st quarter valued at $255,000. BB&T Securities LLC purchased a new position in shares of Yext in the 1st quarter valued at $180,000. Finally, Champlain Investment Partners LLC purchased a new position in shares of Yext in the 1st quarter valued at $6,298,000. 37.17% of the stock is currently owned by hedge funds and other institutional investors.


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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