Insider Selling: VTEX (NYSE:VTEX) CEO Sells $19,232.00 in Stock

VTEX (NYSE:VTEX) CEO Carmo Thomaz Junior Geraldo Do sold 4,808 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $4.00, for a total transaction of $19,232.00. Following the completion of the sale, the chief executive officer directly owned 401,151 shares in the company, valued at approximately $1,604,604. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Carmo Thomaz Junior Geraldo Do also recently made the following trade(s):

• On Thursday, May 7th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total transaction of $19,280.08.
• On Monday, April 27th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total transaction of $19,280.08.
• On Monday, April 20th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.16, for a total transaction of $20,001.28.
• On Monday, April 13th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.03, for a total transaction of $19,376.24.
• On Monday, April 6th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total transaction of $19,424.32.
• On Tuesday, March 31st, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total transaction of $19,280.08.

VTEX Price Performance

NYSE VTEX opened at $3.65 on Friday. The firm’s fifty day moving average price is $3.86 and its 200 day moving average price is $3.69. The company has a market capitalization of $621.44 million, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05. VTEX has a 12 month low of $2.84 and a 12 month high of $6.82.

VTEX (NYSE:VTEX) last posted its earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. VTEX had a net margin of 9.40% and a return on equity of 9.68%. As a group, sell-side analysts forecast that VTEX will post 0.19 earnings per share for the current year.

Institutional Trading of VTEX

Large investors have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in shares of VTEX in the 1st quarter worth $29,000. ProShare Advisors LLC acquired a new stake in shares of VTEX in the 4th quarter worth $39,000. Aquatic Capital Management LLC acquired a new stake in shares of VTEX in the 3rd quarter worth $41,000. Ieq Capital LLC acquired a new stake in shares of VTEX in the 4th quarter worth $41,000. Finally, nVerses Capital LLC acquired a new stake in shares of VTEX in the 4th quarter worth $49,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analysts Set New Price Targets

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

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.