Insider Selling: VTEX (NYSE:VTEX) CEO Sells 4,808 Shares of Stock

VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide 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 completion of the transaction, the chief executive officer owned 1,067,585 shares in the company, valued at $4,270,340. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

De Faria Mariano Gomide also recently made the following trade(s):

• On Monday, June 1st, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.00, for a total value of $19,232.00.
• On Thursday, May 7th, De Faria Mariano Gomide 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.
• On Monday, April 27th, De Faria Mariano Gomide 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.
• On Monday, April 20th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.16, for a total value of $20,001.28.
• On Monday, April 13th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.03, for a total value of $19,376.24.
• On Monday, April 6th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total transaction of $19,424.32.
• On Tuesday, March 31st, De Faria Mariano Gomide 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 midday trading on Monday, hitting $4.21. 1,326,871 shares of the company were exchanged, compared to its average volume of 1,374,215. The firm has a market cap of $716.91 million, a P/E ratio of 35.04, a PEG ratio of 0.56 and a beta of 1.05. VTEX has a 52 week low of $2.84 and a 52 week high of $6.82. The firm has a 50 day simple moving average of $3.75 and a 200-day simple moving average of $3.66.

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

Analyst Ratings Changes

A number of analysts recently commented on VTEX shares. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, March 11th. UBS Group raised their target price on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.18.

Hedge Funds Weigh In On VTEX

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in VTEX by 37.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock valued at $187,000 after acquiring an additional 10,110 shares in the last quarter. Goldman Sachs Group Inc. grew its stake 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 worth $1,119,000 after acquiring an additional 84,189 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of VTEX by 1,570.1% in the first quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock valued at $949,000 after purchasing an additional 175,940 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of VTEX in the second quarter valued at approximately $4,543,000. Finally, Rhumbline Advisers bought a new stake in shares of VTEX in the second quarter worth $392,000. Institutional investors own 63.69% of the company’s stock.

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.