Sebastian Kanovich Sells 4,700 Shares of DLocal (NASDAQ:DLO) Stock

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 4,700 shares of DLocal stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $15.50, for a total transaction of $72,850.00. Following the completion of the sale, the director directly owned 4,700 shares of the company’s stock, valued at approximately $72,850. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sebastian Kanovich also recently made the following trade(s):

• On Wednesday, August 5th, Sebastian Kanovich sold 72,753 shares of DLocal stock. The shares were sold at an average price of $15.54, for a total value of $1,130,581.62.
• On Tuesday, July 7th, Sebastian Kanovich sold 25,700 shares of DLocal stock. The shares were sold at an average price of $15.50, for a total transaction of $398,350.00.
• On Wednesday, July 1st, Sebastian Kanovich sold 1,000,000 shares of DLocal stock. The shares were sold at an average price of $14.63, for a total transaction of $14,630,000.00.

DLocal Price Performance

NASDAQ:DLO opened at $14.28 on Thursday. The business has a fifty day moving average price of $13.82 and a 200-day moving average price of $13.10. DLocal Limited has a one year low of $10.64 and a one year high of $16.78. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 22.67 and a beta of 0.97.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The company had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. During the same period in the previous year, the company posted $0.15 EPS. The firm’s revenue was up 54.9% on a year-over-year basis. On average, equities research analysts expect that DLocal Limited will post 0.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DLO shares. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a report on Friday, July 17th. Truist Financial lifted their target price on DLocal from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Wall Street Zen cut shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group upped their price objective on DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.00 to $20.00 in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, DLocal currently has a consensus rating of “Buy” and an average price target of $17.75.

Hedge Funds Weigh In On DLocal

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in DLocal by 114.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after buying an additional 975 shares during the last quarter. IFP Advisors Inc acquired a new position in DLocal in the 3rd quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of DLocal in the fourth quarter worth $40,000. Banque Cantonale Vaudoise acquired a new stake in DLocal during the 1st quarter worth about $42,000. Finally, Kestra Advisory Services LLC acquired a new stake in DLocal during the fourth quarter worth about $95,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

About DLocal

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.