On September 19, 2024, Seth Waugh, Director at Yext Inc (YEXT, Financial), purchased 32,600 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 153,350 shares of Yext Inc.
Yext Inc specializes in providing brand updates using cloud-based network software, allowing businesses to manage their information on services such as Google, Amazon Alexa, Apple Maps, and Facebook.
The transaction occurred with shares priced at $6.65, valuing the purchase at approximately $217,090. This acquisition has increased the insider's stake significantly, reflecting a strong commitment to the company's future.
Over the past year, the insider transaction history at Yext Inc shows a trend with 1 insider buy and 2 insider sells. The insider, Seth Waugh, has been active in the market, purchasing a total of 32,600 shares over the past year and selling none.
Shares of Yext Inc were trading at $6.65 on the day of the transaction, giving the company a market cap of approximately $836.6 million. According to the GF Value, the stock is currently Fairly Valued with a price-to-GF-Value ratio of 1.07.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and expected future business outcomes.
This insider buying activity could be a signal to investors about the potential undervaluation or future prospects of Yext Inc, as perceived by the insider's substantial investment in the company's stock.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
