The Law Offices of Frank R. Cruz Announces Investigation of Yext, Inc. (YEXT) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Yext, Inc. (“Yext” or the “Company”) (NYSE: YEXT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On March 8, 2022, Yext released its fourth quarter and full year 2022 fiscal results, reporting a Q4 revenue of $100.9 million, missing consensus estimates by $140,000. The same day, Yext revealed that its Chief Executive Officer and Chief Financial Officer were both stepping down from their positions. During the related conference call, the Company’s incoming CEO stated that “[i]n hindsight, it is clear we were too focused on building sales capacity and not focused enough on other functions that drive productivity . . . .”

On this news, Yext’s stock fell $0.55, or 9.3%, to close at $5.37 per share on March 9, 2022.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Yext securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.