Walrath Michael

CEO Michael Walrath sold 168,434 shares across 2 transactions (Dec 16–17) at blended $6.45, reducing stake by 13.7%

Michael Walrath, CEO of Yext, Inc., executed 2 separate sales totaling 168,434 shares for $1,085,922.80 at an average price of $6.45, reducing his holdings from 1,232,952 shares to 1,064,518 shares. The company operates with fundamental headwinds: net income was $-12,799,000.00 over the most recent full fiscal year, and quarterly revenue growth remains minimal at 0.9% year-over-year. Walrath's prior three trades at YEXT (all sells on Dec 11, 12, and 13) show a pattern of consecutive sales over a concentrated 6-day period; however, these prior sales do not yet have measurable 90-day outcomes. The current stock price of $6.49 sits 24.5% below the 52-week high of $8.60 and has declined 16.6% over the past 30 days, indicating deteriorating near-term momentum at the time of his sales.

Yext CEO Walrath sold 131,566 shares (9.6% of holdings) over 3 days at blended average $7.04, raising $926,753.75

Walrath executed 3 separate sales totaling 131,566 shares for $926,753.75 at prices ranging from $6.67 to $7.06 over December 11–13, 2024, reducing his holdings by 9.6%. The sales occurred at a blended average of $7.04, which is 8.3% above the current price of $6.50 and near the upper end of Yext's recent trading range. The company remains unprofitable (net income of $-12,799,000 in the latest quarter) with minimal annual revenue growth at +0.9%, creating a challenging fundamental backdrop. The timing of these sales—executed just days after a market downturn that saw the stock decline 18.8% over 30 days—followed by continued weakness to $6.50 suggests the CEO's selling activity occurred before additional price deterioration.