Yelp chief product officer Saldanha sells $34k in stock

Craig Saldanha, Chief Product Officer at Yelp INC (NASDAQ:NYSE:YELP), sold 1,000 shares of common stock on June 23, 2025, for $34.34 per share, totaling $34,340. The transaction comes as Yelp, with a market capitalization of $2.17 billion, maintains impressive gross profit margins of ~91% and strong liquidity with a current ratio of 2.89.

Following the transaction, Saldanha directly owns 213,720 shares of Yelp. According to InvestingPro analysis, the stock appears undervalued at current levels, with management actively buying back shares. Subscribers can access 8 additional ProTips and comprehensive financial metrics in the Pro Research Report.

The sale was executed under a pre-arranged 10b5-1 trading plan adopted on August 30, 2024.

In other recent news, Yelp Inc. reported its first-quarter financial results for 2025, surpassing earnings expectations. The company achieved an earnings per share (EPS) of $0.36, exceeding the forecasted $0.33, and reported a revenue of $359 million, slightly above the anticipated $353.43 million. Yelp’s net income rose by 72% year-over-year, driven by a 14% growth in its Services category, while the Restaurants and Retail sectors experienced a 3% decline. The company also reported an adjusted EBITDA of $85 million, marking a 32% increase from the previous year. In response to these results, JPMorgan raised Yelp’s stock price target to $38 from $35, maintaining a Neutral rating, citing strong demand in the Services category as a positive factor.

Conversely, BofA Securities lowered its price target for Yelp to $31 from $34, maintaining an Underperform rating due to anticipated lower growth in Yelp’s Services and Restaurants & Retail segments and an increase in the cost of goods sold. BofA Securities projects a slight decline in Yelp’s revenue for 2025, with a revised estimate of $1,485 million, and a 9% reduction in GAAP earnings per share to $2.07. Looking ahead, Yelp forecasts Q2 net revenue between $362 million and $367 million, with full-year revenue expected to range from $1.465 billion to $1.485 billion. The company plans to focus on AI-driven product enhancements and services to drive future growth, despite challenges in the restaurant and retail categories.

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