Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Yext Inc shares valued at $895,360 were sold by Walrath Michael on Dec 16 ’24. At $6.44 per share, Walrath Michael sold 139,003 shares. The insider’s holdings dropped to 1,093,949 shares worth approximately $6.96 million following the completion of this transaction.
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Also, Walrath Michael sold 29,431 shares, netting a total of over 190,563 in proceeds. Following the sale of shares at $6.47 each, the insider now holds 1,064,518 shares.
Before that, Walrath Michael had sold 123,074 shares from its account. In a trade valued at $868,373, the Chief Executive Officer traded Yext Inc shares for $7.06 each. Upon closing the transaction, the insider’s holdings decreased to 123,074 shares, worth approximately $7.9 million.
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 drop of approximately -0.16%. Over the course of the year, Yext Inc shares have jumped approximately 7.98%. Shares of the company reached a 52-week high of $8.75 on 12/09/24 and a 52-week low of $4.29 on 06/11/24. A 50-day SMA is recorded $7.39, while a 200-day SMA reached $6.07. Nevertheless, trading volume fell to 1.13 million shares from 0.75 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 6.17, which, if violated, would cause prices to drop to 5.98. In the upper region, resistance lies at 6.57. The next price resistance is at 6.78. RSI (Relative Strength Index) is 32.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 82.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
