VTEX (NYSE:VTEX) Director Sells $57,213.83 in Stock

VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the transaction, the director directly owned 9,965 shares of the company’s stock, valued at approximately $35,774.35. This trade represents a 61.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

VTEX Stock Performance

Shares of VTEX traded down $0.04 during mid-day trading on Wednesday, hitting $3.55. 946,921 shares of the company’s stock were exchanged, compared to its average volume of 1,233,293. The company has a market cap of $604.37 million, a price-to-earnings ratio of 29.63, a P/E/G ratio of 0.50 and a beta of 1.05. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $6.82. The stock’s 50-day moving average is $3.87 and its 200-day moving average is $3.71.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.65 million. VTEX had a return on equity of 9.68% and a net margin of 9.40%. As a group, equities research analysts anticipate that VTEX will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VTEX shares. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. UBS Group raised their target price on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a report on Friday, May 8th. Brean Capital raised shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday, March 11th. Finally, Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.98.

Institutional Trading of VTEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new stake in VTEX in the 1st quarter valued at about $29,000. ProShare Advisors LLC acquired a new stake in VTEX during the 4th quarter worth approximately $39,000. Aquatic Capital Management LLC acquired a new stake in VTEX during the 3rd quarter worth approximately $41,000. Ieq Capital LLC acquired a new stake in VTEX during the 4th quarter worth approximately $41,000. Finally, nVerses Capital LLC acquired a new stake in VTEX during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About VTEX

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.