Insider Selling: VTEX (NYSE:VTEX) Director Sells 15,937 Shares of Stock

VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the sale, the director directly owned 9,965 shares of the company’s stock, valued at approximately $35,774.35. This trade represents a 61.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

VTEX Price Performance

NYSE VTEX traded down $0.04 on Wednesday, reaching $3.55. The company had a trading volume of 946,921 shares, compared to its average volume of 1,233,293. The firm has a market capitalization of $604.37 million, a PE ratio of 29.63, a P/E/G ratio of 0.50 and a beta of 1.05. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82. The firm has a 50-day moving average of $3.87 and a 200-day moving average of $3.71.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. VTEX had a return on equity of 9.68% and a net margin of 9.40%. As a group, sell-side analysts expect that VTEX will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VTEX has been the subject of several research analyst reports. UBS Group increased their target price on VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, March 11th. Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, VTEX has a consensus rating of “Moderate Buy” and an average price target of $5.98.

Hedge Funds Weigh In On VTEX

Hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in VTEX in the 1st quarter worth approximately $29,000. ProShare Advisors LLC purchased a new position in VTEX in the 4th quarter worth approximately $39,000. Aquatic Capital Management LLC purchased a new position in VTEX in the 3rd quarter worth approximately $41,000. Ieq Capital LLC purchased a new stake in VTEX during the 4th quarter valued at $41,000. Finally, nVerses Capital LLC purchased a new stake in VTEX during the 4th quarter valued at $49,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

About VTEX

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.