Insider Selling: VTEX (NYSE:VTEX) CEO Sells 4,808 Shares of Company Stock

VTEX (NYSE:VTEX) CEO Mariano Gomide de Faria sold 4,808 shares of the stock in a transaction on Monday, October 19th. The shares were sold at an average price of $4.10, for a total value of $19,712.80. Following the completion of the transaction, the chief executive officer directly owned 904,313 shares of the company’s stock, valued at approximately $3,707,683.30. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

De Faria Mariano Gomide also recently made the following trade(s):

• On Monday, October 12th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.00, for a total transaction of $19,232.00.
• On Monday, August 10th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.05, for a total transaction of $19,472.40.
• On Monday, August 3rd, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.40, for a total transaction of $21,155.20.
• On Monday, July 27th, Mariano Gomide de Faria 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

Shares of NYSE VTEX traded up $0.04 during mid-day trading on Tuesday, reaching $4.21. The company’s stock had a trading volume of 129,103 shares, compared to its average volume of 1,154,378. The stock has a 50-day moving average of $3.72 and a two-hundred day moving average of $3.85. 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 stock has a market capitalization of $718.62 million, a P/E ratio of 26.35, a P/E/G ratio of 0.53 and a beta of 0.94. VTEX has a 1-year low of $2.84 and a 1-year high of $4.62.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The firm had revenue of $64.39 million for the quarter, compared to analyst estimates of $64.69 million. On average, equities research analysts anticipate that VTEX will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen cut VTEX from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. Itau BBA Securities restated a “market perform” rating and issued a $4.50 price target on shares of VTEX in a research report on Tuesday, August 25th. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Morgan Stanley set a $4.00 price target on VTEX and gave the company an “equal weight” rating in a report on Friday, August 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $5.10 price objective on shares of VTEX in a research report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LP purchased a new stake in shares of VTEX in the second quarter valued at about $58,000. AXQ Capital LP acquired a new stake in VTEX during the second quarter worth about $47,000. Public Employees Retirement System of Ohio purchased a new position in VTEX during the second quarter worth about $67,000. Globeflex Capital L P purchased a new position in VTEX during the second quarter worth about $1,144,000. Finally, Bank of America Corp DE raised its stake in VTEX by 56.0% during the first quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock worth $2,732,000 after purchasing an additional 245,306 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Company Profile

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.