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

VTEX (NYSE:VTEX) CEO Geraldo Thomaz sold 4,808 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $4.00, for a total value of $19,232.00. Following the sale, the chief executive officer owned 1,122,009 shares in the company, valued at approximately $4,488,036. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, October 26th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.03, for a total value of $19,376.24.
• On Monday, October 19th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.09, for a total value of $19,664.72.
• On Monday, October 12th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.00, for a total value of $19,232.00.
• On Monday, August 10th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.05, for a total value of $19,472.40.

VTEX Price Performance

NYSE VTEX traded down $0.01 during trading hours on Tuesday, hitting $3.98. The company had a trading volume of 173,789 shares, compared to its average volume of 1,138,132. VTEX has a 52 week low of $2.84 and a 52 week high of $4.60. The firm has a 50 day simple moving average of $3.79 and a 200 day simple moving average of $3.76. 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 capitalization of $677.68 million, a price-to-earnings ratio of 24.85, a PEG ratio of 0.48 and a beta of 0.94.

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. VTEX had a return on equity of 12.98% and a net margin of 11.98%. The firm had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. Equities research analysts expect that VTEX will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC bought a new position in shares of VTEX in the 1st quarter worth $2,302,000. Globeflex Capital L P bought a new stake in shares of VTEX during the 1st quarter worth $1,144,000. Bank of America Corp DE lifted its holdings in shares of VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock worth $2,732,000 after acquiring an additional 245,306 shares during the last quarter. Sei Investments Co. purchased a new position in VTEX in the first quarter worth $844,000. Finally, Principal Financial Group Inc. grew its position in VTEX by 32.2% in the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock worth $1,321,000 after acquiring an additional 80,460 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VTEX has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a report on Thursday. Itau BBA Securities downgraded VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 price objective on the stock. in a research report on Tuesday, August 25th. Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a research note on Friday, August 7th. Morgan Stanley cut VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 target price for the company. in a research report on Friday, August 28th. Finally, Jefferies Financial Group restated a “buy” rating and set a $5.10 target price on shares of VTEX in a research report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.60.

About VTEX

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.