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Yext, Inc.


A securities class action has been filed against Yext, Inc. (YEXT) on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Yext securities between March 4, 2021 through March 8, 2022.  This case has been filed in the USDC – S.D.N.Y.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Yext’s revenue and earnings were significantly deteriorating because of, inter alia, poor sales execution and performance, as well as COVID-19 related disruptions; (ii) accordingly, Yext was unlikely to meet consensus estimates for its full year (“FY”) fiscal 2022 financial results and fiscal 2023 outlook; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

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Securities