Banco BTG Pactual S.A. Buys 139,100 Shares of VTEX $VTEX

Banco BTG Pactual S.A. boosted its stake in shares of VTEX (NYSE:VTEX) by 29.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 604,100 shares of the company’s stock after buying an additional 139,100 shares during the quarter. Banco BTG Pactual S.A.’s holdings in VTEX were worth $2,271,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its position in VTEX by 43.5% during the fourth quarter. Deutsche Bank AG now owns 44,132 shares of the company’s stock valued at $166,000 after buying an additional 13,382 shares during the period. Cerity Partners LLC bought a new position in VTEX during the fourth quarter valued at about $84,000. Daiwa Securities Group Inc. bought a new position in VTEX during the fourth quarter valued at about $65,000. Goldman Sachs Group Inc. grew its position in VTEX by 58.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 586,696 shares of the company’s stock valued at $2,206,000 after buying an additional 217,326 shares during the period. Finally, MQS Management LLC grew its position in VTEX by 59.0% during the fourth quarter. MQS Management LLC now owns 23,512 shares of the company’s stock valued at $88,000 after buying an additional 8,722 shares during the period. Institutional investors own 63.69% of the company’s stock.

Insider Buying and Selling

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $3.59, for a total transaction of $57,213.83. Following the sale, the director directly owned 9,965 shares of the company’s stock, valued at $35,774.35. This represents a 61.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 86,249 shares of company stock worth $340,407 over the last quarter. 40.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on VTEX. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. UBS Group increased their price target on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, March 11th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.98.

VTEX Stock Up 1.6%

NYSE VTEX opened at $3.60 on Friday. The company has a market cap of $612.91 million, a PE ratio of 29.96, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. VTEX has a 52 week low of $2.84 and a 52 week high of $6.82. The firm’s 50-day simple moving average is $3.83 and its two-hundred day simple moving average is $3.69.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $60.65 million. VTEX had a net margin of 9.40% and a return on equity of 9.68%. As a group, equities research analysts anticipate that VTEX will post 0.19 EPS for the current year.

VTEX 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.