Checking in on Yext Inc. (YEXT) after recent insiders movement


Yext Inc.’s recent filing unveils that its Director Distelburger Brian unloaded Company’s shares for reported $0.28 million on Dec 27. In the deal valued at $6.13 per share,45,625 shares were sold. As a result of this transaction, Distelburger Brian now holds 3,070,805 shares worth roughly $ 21.4 million.

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Then, Distelburger Brian sold 22,800 shares, generating $139,844 in total proceeds. Upon selling the shares at $6.13, the Director now owns 3,116,430 shares.

Before that, Shin Ho sold 20,000 shares. Yext Inc. shares valued at $128,276 were divested by the General Counsel at a price of $6.41 per share. As a result of the transaction, Shin Ho now holds 84,471 shares, worth roughly $0.59 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 -16.17 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 2.05% to $6.97. On the same session, the stock had its day’s lowest price of $6.84, but rose to a high of $7.055. Over the last five days, the stock has lost -2.52%. Yext Inc. shares have risen nearly 6.74% since the year began. Nevertheless, the stocks have fallen -6.19% over the past one year. While a 52-week high of $8.20 was reached on 02/03/23, a 52-week low of $4.00 was recorded on 01/06/23. SMA at 50 days reached $6.76, while 200 days put it at $5.42. A total of 0.53 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For YEXT Stock

The 24-hour chart illustrates a support level at 6.86, which if violated will result in even more drops to 6.74. On the upside, there is a resistance level at 7.07. A further resistance level may holdings at 7.17. The Relative Strength Index (RSI) on the 14-day chart is 48.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.25%. Stochastics %K at 10.94% indicates the stock is a buying.

How much short interest is there in Yext Inc.?

A steep rise in short interest was recorded in Yext Inc. stocks on Jan 12, 2023, dropping by 20000.0 shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 2.87 million shares. There was a decline of -0.7%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.90% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.22.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 14,674,919 shares, or roughly 12.02% of the outstanding YEXT shares. In other words, the investor’s shares have fallen by -44,162 from its previous 13-F filing of 14719081.0. Additionally, BlackRock Fund Advisors decreased -5.16% of its stake after which the total value it holdings stand at $54,931,424, while D. E. Shaw & Co. LP reduced -8.60% of its stake to hold $26.39 million in the firm. Over the last quarter, Millennium Management LLC purchased 1,208,030 shares of Yext Inc., while SSgA Funds Management, Inc. bought -349,273 shares. At present, Mellon Investments Corp. is holding 2,143,139 shares valued at $14.89 million. Norges Bank Investment Management owned 2,006,431 shares of the company at the time of its most recent 13F filing, worth $13.94 million.

According to FactSet, Yext Inc.’s share price will average $6.25 in the next year, based on opinions of analysts polled by the firm. This is down nearly -8.49 percent from its previous closing price of $6.83. Analysts expect Yext Inc. stock to reach the higher price of $6.50, while the lowest price estimate is $6.00. However, 4 analysts have rated YEXT stock as a Hold in their predictions for 2023. 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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