Insider Buying: Shane Battier Just Spent US$101k On Yext, Inc. (NYSE:YEXT) Shares

By
Simply Wall St
Published
March 16, 2022
NYSE:YEXT
Source: Shutterstock

Investors who take an interest in Yext, Inc. (NYSE:YEXT) should definitely note that insider Shane Battier recently paid US$6.13 per share to buy US$101k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Yext

The Last 12 Months Of Insider Transactions At Yext

In the last twelve months, the biggest single sale by an insider was when the Chief Accounting Officer, Darryl Bond, sold US$292k worth of shares at a price of US$12.79 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$6.05. So it may not tell us anything about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 24.17k shares worth US$147k. But insiders sold 37.86k shares worth US$512k. Over the last year we saw more insider selling of Yext shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NYSE:YEXT Insider Trading Volume March 16th 2022

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Does Yext Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 7.1% of Yext shares, worth about US$57m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Yext Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. But we can't say the same for the transactions over the last 12 months. The more recent transactions are a positive, but Yext insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. So they seem pretty well aligned, overall. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 3 warning signs for Yext and we suggest you have a look.

Of course Yext may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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