Yelp Inc (YELP) Files Form 4 Insider Selling : Jeremy Stoppelman Sells 263,000 Shares

Yelp Inc (YELP): Jeremy Stoppelman , director officer 10% owner (Chief Executive Offic of Yelp Inc sold 263,000 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $40.00 per share for a total value of $1052 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 23, 2016, Laurence Wilson (SVP, Legal & User Operations) sold 36,650 shares at $39.66 per share price.On Sep 22, 2016, Michael Stoppelman (other) sold 5,000 shares at $37.58 per share price.Also, On Aug 24, 2016, Joseph R Nachman (Chief Operating Officer) sold 2,508 shares at $37.45 per share price.On Aug 5, 2016, Geoffrey L Donaker (Chief Operating Officer) sold 6,000 shares at $31.35 per share price.

Shares of Yelp Inc (YELP) ended Thursday, Sep 22, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -0.16% at $38.46 with 10,74,507 shares getting traded. Post opening the session at $38.7, the shares hit an intraday low of $38.23 and an intraday high of $38.9489 and the price vacillated in this range throughout the day. The company has a market cap of $2,975 M and the number of outstanding shares has been calculated to be 7,73,40,656 shares. The 52-week high of Yelp Inc is $39.96 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 Mizuho to Buy and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $40 .The Rating was issued on Sep 14, 2016.Yelp Inc is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Aug 10, 2016.Yelp Inc is Upgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Aug 10, 2016.Yelp Inc is Upgraded by Axiom Capital to Buy and the brokerage firm has set the Price Target at $44. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Aug 10, 2016.Yelp Inc is Upgraded by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $24 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Aug 10, 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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