NYSE:YEXT

Specifically, on March 8, 2022, Yext issued a press release announcing disappointing fourth quarter ("Q4") and FY fiscal 2022 results as well as the departure of its CEO and CFO. On a conference call discussing these results, the Company's incoming CEO disclosed that “we saw a really significant disruption in our business” such as “in Q4, 50% -- over 50% of our in-person events were canceled because of the Omicron surges[,]” while opining that Yext could “[a]bsolutely” improve its “sales motion so that it’s more efficient during disruptions like that[.]” Following this news, Yext's stock price fell $0.55 per share, or 9.29%, to close at $5.37 per share on March 9, 2022.

That same day, on a conference call to discuss the Company’s Q4 and FY fiscal 2022 results, the Company’s incoming CEO, Michael Walrath (“Walrath”), addressed the Company’s disappointing financial results, revealing, inter alia, that “we have seen fragmentation in our interactions with customers and our ability to deliver premium service and support” and 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, particularly sales enablement, training, client success and services.” Walrath also disclosed that “we saw a really significant disruption in our business” such as “in Q4, 50% -- over 50% of our in-person events were canceled because of the Omicron surges[,]” while opining that the Company could “[a]bsolutely” improve its “sales motion so that it’s more efficient during disruptions like that[.]”

Investors have until August 16, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Investors who purchased the Company's securities between March 4, 2021 and March 8, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before August 16, 2022.