VTEX (NYSE:VTEX) Insider Andre Spolidoro Ferreira Gomes Sells 20,804 Shares of Stock

VTEX (NYSE:VTEX) insider André Spolidoro sold 20,804 shares of VTEX stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $3.93, for a total value of $81,759.72. Following the transaction, the insider owned 282,027 shares in the company, valued at approximately $1,108,366.11. The trade was a 6.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Andre Spolidoro Ferreira Gomes also recently made the following trade(s):

• On Friday, October 16th, André Spolidoro sold 3,000 shares of VTEX stock. The stock was sold at an average price of $4.19, for a total value of $12,570.00.
• On Monday, August 17th, André Spolidoro sold 3,000 shares of VTEX stock. The shares were sold at an average price of $3.57, for a total value of $10,710.00.

VTEX Stock Down 1.1%

Shares of VTEX opened at $3.90 on Wednesday. VTEX has a 52-week low of $2.84 and a 52-week high of $4.60. The company has a market capitalization of $664.06 million, a PE ratio of 25.97, a price-to-earnings-growth ratio of 0.60 and a beta of 1.05. The stock has a fifty day simple moving average of $3.83 and a two-hundred day simple moving average of $3.78. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.04.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $63.38 million for the quarter, compared to analysts’ expectations of $63.19 million. VTEX had a return on equity of 11.82% and a net margin of 10.48%. As a group, equities analysts forecast that VTEX will post 0.19 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on VTEX. Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a report on Thursday, October 29th. Itau BBA Securities cut shares of VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 price target for the company. in a research note on Tuesday, August 25th. Wall Street Zen downgraded shares of VTEX from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley lowered shares of VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a research report on Friday, August 28th. Finally, Bradesco Corretora lowered shares of VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.53.

Institutional Trading of VTEX

Several institutional investors and hedge funds have recently bought and sold shares of VTEX. Ashton Thomas Private Wealth LLC acquired a new stake in shares of VTEX during the third quarter valued at about $38,000. Kapitalo Investimentos Ltda acquired a new position in shares of VTEX in the 3rd quarter worth approximately $36,000. Corient Private Wealth LP acquired a new position in shares of VTEX in the 2nd quarter worth approximately $58,000. AXQ Capital LP purchased a new position in shares of VTEX during the 2nd quarter worth approximately $47,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of VTEX during the 2nd quarter worth approximately $67,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

VTEX Company Profile

VTEX is a cloud-based commerce technology company that provides a digital commerce platform for retailers, brands and other businesses. Its software supports online stores and helps companies manage digital sales across multiple channels. The platform combines storefront tools with capabilities for order management, marketplace operations, payments and integrations with other business systems. VTEX’s services are designed to help companies build and manage customer-facing commerce experiences while coordinating orders and operations behind the scenes.