Yelp Inc (YELP) Files Form 4 Insider Selling : Geoffrey L Donaker Sells 6,000 Shares

Yelp Inc (YELP): Geoffrey L Donaker , Chief Operating Officer of Yelp Inc sold 6,000 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were sold at $28.48 per share for a total value of $170,880.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Geoffrey L Donaker (Chief Operating Officer) sold 6,000 shares at $26.59 per share price.On May 25, 2016, Laurence Wilson (SVP, Legal & User Operations) sold 2,081 shares at $24.84 per share price.Also, On May 25, 2016, Joseph R Nachman (Chief Revenue Officer) sold 2,504 shares at $24.84 per share price.On Feb 19, 2016, Diane M Irvine (director) purchased 6,100 shares at $16.38 per share price.

Shares of Yelp Inc (YELP) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.5 points or -5.05% at $28.23 with 27,60,136 shares getting traded. Post opening the session at $28.32, the shares hit an intraday low of $28.15 and an intraday high of $29.249 and the price vacillated in this range throughout the day. The company has a market cap of $2,159 M and the number of outstanding shares has been calculated to be 7,64,76,020 shares. The 52-week high of Yelp Inc is $46.25 and the 52-week low is $14.53.

Yelp Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Yelp Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $28 .The Rating was issued on Jun 23, 2016.Yelp Inc is Upgraded by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $26 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jun 20, 2016.Yelp Inc is Initiated by Maxim Group to Buy and the brokerage firm has set the Price Target at $41. The Rating was issued on Jun 3, 2016.Yelp Inc is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 24 from a previous price target of $19 .The Rating was issued on May 6, 2016.Yelp Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $33 .The Rating was issued on May 6, 2016.

Yelp Inc. (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences through reviews tips photos and videos and engage directly with businesses through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings tips photos and videos. In addition to the business listing and advertising products the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.

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Yelp Inc - Is it time to Sell?

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