VTEX (NYSE:VTEX) Insider Sells $10,710.00 in Stock

VTEX (NYSE:VTEX) insider Andre Spolidoro Ferreira Gomes sold 3,000 shares of VTEX stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $3.57, for a total value of $10,710.00. Following the transaction, the insider owned 298,431 shares of the company’s stock, valued at approximately $1,065,398.67. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Andre Spolidoro Ferreira Gomes also recently made the following trade(s):

• On Monday, August 10th, Andre Spolidoro Ferreira Gomes sold 15,000 shares of VTEX stock. The stock was sold at an average price of $4.04, for a total value of $60,600.00.

VTEX Stock Up 1.9%

VTEX stock opened at $3.70 on Friday. VTEX has a one year low of $2.84 and a one year high of $4.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a market cap of $630.81 million, a PE ratio of 23.13, a P/E/G ratio of 0.50 and a beta of 1.02. The firm’s fifty day moving average is $3.98 and its 200 day moving average is $3.79.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $64.39 million during the quarter, compared to analyst estimates of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. On average, research analysts forecast that VTEX will post 0.19 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on VTEX. Weiss Ratings downgraded VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. UBS Group lifted their price objective on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Bradesco Corretora downgraded VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.07.

Institutional Investors Weigh In On VTEX

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of VTEX by 37.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock worth $187,000 after purchasing an additional 10,110 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in VTEX by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after buying an additional 84,189 shares in the last quarter. Jane Street Group LLC lifted its holdings in VTEX by 1,570.1% during the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock worth $949,000 after buying an additional 175,940 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of VTEX during the 2nd quarter worth about $4,543,000. Finally, Rhumbline Advisers acquired a new position in shares of VTEX during the 2nd quarter worth about $392,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Company Profile

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.