Alejandro Raul Scannapieco Sells 11,994 Shares of VTEX (NYSE:VTEX) Stock

VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco sold 11,994 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $3.67, for a total value of $44,017.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

VTEX Stock Performance

NYSE:VTEX opened at $3.65 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. VTEX has a 52-week low of $2.84 and a 52-week high of $4.73. The firm has a market cap of $622.29 million, a price-to-earnings ratio of 22.81, a PEG ratio of 0.48 and a beta of 1.02. The business’s fifty day moving average is $3.98 and its 200 day moving average is $3.80.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Research analysts predict that VTEX will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VTEX shares. Bradesco Corretora cut shares of VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a research note on Friday, August 7th. Itau BBA Securities reiterated a “market perform” rating and issued a $4.50 target price on shares of VTEX in a research note on Tuesday. UBS Group raised their price target 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, Weiss Ratings cut shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, VTEX has a consensus rating of “Hold” and an average target price of $4.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VTEX. Hsbc Holdings PLC bought a new stake in VTEX during the first quarter worth about $2,302,000. Globeflex Capital L P purchased a new position in shares of VTEX in the 1st quarter worth about $1,144,000. Banco BTG Pactual S.A. increased its position in shares of VTEX by 29.9% during the 4th quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock valued at $2,271,000 after purchasing an additional 139,100 shares during the last quarter. Sei Investments Co. bought a new position in shares of VTEX during the 1st quarter valued at about $844,000. Finally, Bank of America Corp DE raised 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 valued at $2,732,000 after buying an additional 245,306 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

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.