DLocal (NASDAQ:DLO) Director Sells 1,000,000 Shares of Stock

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $14.63, for a total value of $14,630,000.00. Following the sale, the director owned 1,000,000 shares of the company’s stock, valued at approximately $14,630,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DLocal Price Performance

Shares of NASDAQ:DLO traded up $0.21 during midday trading on Thursday, hitting $14.88. 5,940,984 shares of the company’s stock were exchanged, compared to its average volume of 2,016,196. DLocal Limited has a 12 month low of $9.81 and a 12 month high of $16.78. The company has a market cap of $4.39 billion, a PE ratio of 23.62 and a beta of 0.97. The stock has a 50 day moving average price of $12.55 and a 200-day moving average price of $12.99.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. DLocal had a return on equity of 41.22% and a net margin of 15.85%.DLocal’s revenue was up 54.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. On average, analysts anticipate that DLocal Limited will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DLO has been the subject of several research reports. Truist Financial reduced their price target on shares of DLocal from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Wall Street Zen lowered shares of DLocal from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group reiterated a “buy” rating and issued a $17.00 target price on shares of DLocal in a research note on Thursday, April 30th. UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $20.00 in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $17.25.

Hedge Funds Weigh In On DLocal

Large investors have recently modified their holdings of the business. Hussman Strategic Advisors Inc. purchased a new stake in DLocal in the 4th quarter worth approximately $2,969,000. JPMorgan Chase & Co. boosted its position in shares of DLocal by 2,144.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 273,400 shares of the company’s stock valued at $3,904,000 after acquiring an additional 261,220 shares during the last quarter. Maxi Investments CY Ltd grew its holdings in shares of DLocal by 92.0% during the fourth quarter. Maxi Investments CY Ltd now owns 167,000 shares of the company’s stock worth $2,361,000 after purchasing an additional 80,000 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of DLocal by 12.2% during the fourth quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company’s stock worth $42,373,000 after purchasing an additional 326,537 shares in the last quarter. Finally, Paradice Investment Management LLC increased its position in shares of DLocal by 93.5% in the fourth quarter. Paradice Investment Management LLC now owns 1,943,360 shares of the company’s stock worth $27,479,000 after purchasing an additional 938,938 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.