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

VTEX (NYSE:VTEX) CEO Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock in a transaction on Friday, June 26th. The stock was sold at an average price of $4.00, for a total transaction of $19,232.00. Following the sale, the chief executive officer owned 1,271,343 shares in the company, valued at $5,085,372. This represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, June 1st, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.00, for a total transaction of $19,232.00.
• On Thursday, May 7th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.01, for a total value of $19,280.08.
• On Monday, April 27th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total value of $19,280.08.
• On Monday, April 20th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.16, for a total transaction of $20,001.28.
• On Monday, April 13th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.03, for a total transaction of $19,376.24.
• On Monday, April 6th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total value of $19,424.32.
• On Tuesday, March 31st, Carmo Thomaz Junior Geraldo Do 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 Price Performance

Shares of VTEX stock traded up $0.17 during trading hours on Monday, reaching $4.21. 1,326,871 shares of the company were exchanged, compared to its average volume of 1,374,215. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $6.82. The stock’s fifty day moving average is $3.75 and its two-hundred day moving average is $3.66. The company has a market cap of $716.91 million, a price-to-earnings ratio of 35.04, a P/E/G ratio of 0.56 and a beta of 1.05.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). VTEX had a net margin of 9.40% and a return on equity of 9.68%. The firm had revenue of $60.70 million during the quarter, compared to the consensus estimate of $60.65 million. On average, research analysts anticipate that VTEX will post 0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

VTEX has been the topic of several research analyst reports. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. UBS Group increased their price objective on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, March 11th. Finally, Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, VTEX has a consensus rating of “Moderate Buy” and an average price target of $5.18.

Institutional Trading of VTEX

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in VTEX by 37.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock worth $187,000 after acquiring an additional 10,110 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of VTEX by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after acquiring an additional 84,189 shares during the period. Jane Street Group LLC grew its holdings in shares of VTEX by 1,570.1% during the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock worth $949,000 after purchasing an additional 175,940 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of VTEX during the 2nd quarter worth $4,543,000. Finally, Rhumbline Advisers bought a new position in shares of VTEX in the second quarter worth $392,000. Institutional investors own 63.69% of the company’s stock.

VTEX Company 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.