VTEX (NYSE:VTEX) CEO Sells $19,712.80 in Stock

VTEX (NYSE:VTEX) CEO Mariano Gomide de Faria sold 4,808 shares of VTEX stock in a transaction that occurred on Monday, October 19th. The stock was 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 in the company, valued at approximately $3,707,683.30. This represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 value 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 value of $19,472.40.
• On Monday, August 3rd, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.40, for a total value of $21,155.20.
• On Monday, July 27th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.01, for a total transaction of $19,280.08.

VTEX Trading Up 0.6%

Shares of VTEX stock opened at $4.17 on Friday. The company’s fifty day simple moving average is $3.74 and its 200-day simple moving average is $3.85. The company has a market cap of $710.09 million, a price-to-earnings ratio of 26.03, a PEG ratio of 0.52 and a beta of 0.94. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. VTEX has a 1 year low of $2.84 and a 1 year high of $4.62.

VTEX (NYSE:VTEX) last announced its earnings results 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 analyst estimates of $64.69 million. VTEX had a net margin of 11.98% and a return on equity of 12.98%. As a group, sell-side analysts expect that VTEX will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VTEX. Bradesco Corretora lowered shares of VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a research report on Friday, August 7th. Morgan Stanley set a $4.00 target price on shares of VTEX and gave the company an “equal weight” rating in a research note on Friday, August 28th. Weiss Ratings downgraded VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Wall Street Zen lowered VTEX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. Finally, Jefferies Financial Group restated a “buy” rating and set a $5.10 price target on shares of VTEX in a research note on Thursday, August 27th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.60.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VTEX. Bank of America Corp DE lifted its position in VTEX by 56.0% in 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. Hsbc Holdings PLC acquired a new stake in VTEX during the first quarter worth $2,302,000. Principal Financial Group Inc. increased its holdings in VTEX by 32.2% in the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock valued at $1,321,000 after buying an additional 80,460 shares during the period. Globeflex Capital L P bought a new stake in VTEX in the 1st quarter valued at $1,144,000. Finally, Sei Investments Co. bought a new stake in VTEX in the 1st quarter valued at $844,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.