In a filing, Yext Inc revealed its Chief Executive Officer Walrath Michael unloaded Company’s shares for reported $0.9 million on Dec 16 ’24. In the deal valued at $6.44 per share,139,003 shares were sold. As a result of this transaction, Walrath Michael now holds 1,093,949 shares worth roughly $6.92 million.
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Then, Walrath Michael sold 29,431 shares, generating $190,563 in total proceeds. Upon selling the shares at $6.47, the Chief Executive Officer now owns 1,064,518 shares.
Before that, Walrath Michael sold 123,074 shares. Yext Inc shares valued at $868,373 were divested by the Chief Executive Officer at a price of $7.06 per share. As a result of the transaction, Walrath Michael now holds 1,241,444 shares, worth roughly $7.86 million.
Needham upgraded its Yext Inc [YEXT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. ROTH MKM also remained covering YEXT and has increased its forecast on June 07, 2023 with a “Buy” recommendation from previously “Neutral” rating. Truist revised its rating on March 09, 2022. It rated YEXT as “a Hold” which previously was an “a Buy”.
Price Performance Review of YEXT
On Friday, Yext Inc [NYSE:YEXT] saw its stock fall -1.86% to $6.33. Over the last five days, the stock has lost -0.47%. Yext Inc shares have risen nearly 7.47% since the year began. Nevertheless, the stocks have risen 6.21% over the past one year. While a 52-week high of $8.75 was reached on 12/09/24, a 52-week low of $4.29 was recorded on 06/11/24. SMA at 50 days reached $7.43, while 200 days put it at $6.06.
Levels Of Support And Resistance For YEXT Stock
The 24-hour chart illustrates a support level at 6.26, which if violated will result in even more drops to 6.18. On the upside, there is a resistance level at 6.45. A further resistance level may holdings at 6.57. The Relative Strength Index (RSI) on the 14-day chart is 28.80, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.80%. Stochastics %K at 5.73% 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 2024-11-15, dropping by -1.24 million shares to a total of 2.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.92 million shares. There was a decline of -46.45%, which implies that there is a negative sentiment for the stock.
