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Taking a look at what insiders are doing to gauge the Yext Inc (YEXT)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Yext Inc shares valued at $216,647 were purchased by Waugh Seth H. on Sep 19 ’24. At $6.65 per share, Waugh Seth H. acquired 32,600 shares. The insider’s holdings grew to 153,350 shares worth approximately $1.04 million following the completion of this transaction.

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Also, Shin Ho sold 35,000 shares, netting a total of over 176,446 in proceeds. Following the sale of shares at $5.04 each, the insider now holds 125,207 shares.

As published in a research note from Needham on September 05, 2024, Yext Inc [YEXT] has been rated up from a Hold to a Buy and the price target has been revised to $8. Analysts at B. Riley Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of June 07, 2023, ROTH MKM has increased its “Neutral” rating to a “Buy” for YEXT. Earlier on March 09, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for YEXT stock which previously was a “a Buy”.

Analyzing YEXT Stock Performance

During the last five days, there has been a surge of approximately 4.45%. Over the course of the year, Yext Inc shares have jumped approximately 15.62%. Shares of the company reached a 52-week high of $7.53 on 03/07/24 and a 52-week low of $4.29 on 06/11/24. A 50-day SMA is recorded $5.82, while a 200-day SMA reached $5.66. Nevertheless, trading volume fell to 0.96 million shares from 0.5 million shares the previous day.

Support And Resistance Levels for Yext Inc (YEXT)

According to the 24-hour chart, there is a support level at 6.59, which, if violated, would cause prices to drop to 6.37. In the upper region, resistance lies at 7.00. The next price resistance is at 7.18. RSI (Relative Strength Index) is 62.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 32.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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