General Counsel, Shin Ho sold 20,000 shares of Yext Inc. [YEXT]

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PFE Stock
PFE Stock

In a filing, Yext Inc. revealed its General Counsel Shin Ho unloaded Company’s shares for reported $99310.0 on Jul 05. In the deal valued at $4.97 per share,20,000 shares were sold. As a result of this transaction, Shin Ho now holds 47,992 shares worth roughly $ 0.25 million.


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Then, Shin Ho sold 5,608 shares, generating $30,081 in total proceeds. Upon selling the shares at $5.36, the General Counsel now owns 67,992 shares.

Before that, Distelburger Brian sold 8,198 shares. Yext Inc. shares valued at $43,974 were divested by the Chief Revenue Officer at a price of $5.36 per share. As a result of the transaction, Distelburger Brian now holds 3,107,156 shares, worth roughly $16.28 million.

Truist downgraded its Yext Inc. [YEXT] rating to a Hold from a a Buy in a research note published on Monday, March 09, 2022; the price target was decreased to $6 from $17. PT values the company’s stock at a premium of 12.67 to its Monday closing price. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Hold”. DA Davidson also remained covering YEXT and has decreased its forecast on March 09, 2022 with a “Neutral” recommendation from previously “Buy” rating. William Blair revised its rating on March 04, 2021. It rated YEXT as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of YEXT

On Monday, Yext Inc. [NYSE:YEXT] saw its stock jump 1.16% to $5.24. On the same session, the stock had its day’s lowest price of $5.175, but rose to a high of $5.305. Over the last five days, the stock has lost -1.50%. Yext Inc. shares have fallen nearly -47.18% since the year began. Nevertheless, the stocks have fallen -58.54% over the past one year. While a 52-week high of $12.87 was reached on 01/03/22, a 52-week low of $4.00 was recorded on 09/01/22. SMA at 50 days reached $4.69, while 200 days put it at $5.58. A total of 0.92 million shares were traded, compared to the trading of 1.11 million shares in the previous session.

Levels Of Support And Resistance For YEXT Stock

The 24-hour chart illustrates a support level at 5.18, which if violated will result in even more drops to 5.11. On the upside, there is a resistance level at 5.30. A further resistance level may holdings at 5.37. The Relative Strength Index (RSI) on the 14-day chart is 59.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.86%. Stochastics %K at 75.57% indicates the stock is a holding.

How much short interest is there in Yext Inc.?

A steep rise in short interest was recorded in Yext Inc. stocks on Jul 14, 2022, dropping by -2.95 million shares to a total of 4.13 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.08 million shares. There was a decline of -71.43%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.16.

Yext Inc. [YEXT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 14,223,960 shares, or roughly 11.52% of the outstanding YEXT shares. In other words, the investor’s shares have risen by 1,429,975 from its previous 13-F filing of 12793985.0. Additionally, BlackRock Fund Advisors increased 3.05% of its stake after which the total value it holdings stand at $37,168,351, while Hawk Ridge Capital Management LP reduced -7.20% of its stake to hold $15.37 million in the firm. Over the last quarter, Millennium Management LLC purchased 66,408 shares of Yext Inc., while D. E. Shaw & Co. LP bought 1,062,186 shares. At present, SSgA Funds Management, Inc. is holding 2,643,947 shares valued at $11.79 million. Gagnon Securities LLC owned 2,479,073 shares of the company at the time of its most recent 13F filing, worth $11.06 million.

According to FactSet, Yext Inc.’s share price will average $5.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.83 percent from its previous closing price of $5.18. Analysts expect Yext Inc. stock to reach the higher price of $6.00, while the lowest price estimate is $5.25. However, 5 analysts have rated YEXT stock as a Hold in their predictions for 2022. The most recent change occurred on June 25, 2020 when MKM Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.

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