VTEX (NYSE:VTEX) Insider Sells $12,570.00 in Stock

VTEX (NYSE:VTEX) insider André Spolidoro sold 3,000 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $4.19, for a total transaction of $12,570.00. Following the completion of the transaction, the insider directly owned 302,831 shares in the company, valued at approximately $1,268,861.89. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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.
• On Monday, August 10th, André Spolidoro sold 15,000 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total transaction of $60,600.00.

VTEX Price Performance

VTEX stock opened at $4.17 on Friday. The stock has a market cap of $710.09 million, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 0.52 and a beta of 0.94. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. VTEX has a 52-week low of $2.84 and a 52-week high of $4.62. The business has a fifty day moving average of $3.74 and a two-hundred day moving average of $3.85.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm 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, research analysts anticipate that VTEX will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On VTEX

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after acquiring an additional 245,306 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of VTEX in the 1st quarter valued at $2,302,000. Principal Financial Group Inc. raised its stake in VTEX by 32.2% in the first 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 in the last quarter. Globeflex Capital L P acquired a new stake in shares of VTEX during the 1st quarter worth about $1,144,000. Finally, Sei Investments Co. purchased a new stake in VTEX in the first quarter valued at $844,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VTEX shares. Wall Street Zen cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Weiss Ratings lowered shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Bradesco Corretora cut 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. Itau BBA Securities reiterated a “market perform” rating and issued a $4.50 target price on shares of VTEX in a report on Tuesday, August 25th. Finally, Morgan Stanley set a $4.00 target price on shares of VTEX and gave the company an “equal weight” rating in a report on Friday, August 28th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.60.

VTEX Company Profile

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.