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

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 4,700 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $15.50, for a total value of $72,850.00. Following the sale, the director 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 legal filing with the SEC, which is available through the SEC website. 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 stock was sold at an average price of $15.50, for a total value 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 value of $14,630,000.00.

DLocal Stock Down 1.8%

NASDAQ DLO opened at $14.11 on Wednesday. DLocal Limited has a 52 week low of $10.52 and a 52 week high of $16.78. The firm has a market capitalization of $4.16 billion, a P/E ratio of 22.40 and a beta of 0.97. The company has a 50-day moving average price of $13.76 and a 200-day moving average price of $13.10.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of DLocal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in DLocal by 0.3% in the 1st quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock worth $52,831,000 after purchasing an additional 13,536 shares in the last quarter. Parvin Asset Management LLC grew its holdings in DLocal by 51.0% during the 1st quarter. Parvin Asset Management LLC now owns 7,400 shares of the company’s stock valued at $96,000 after buying an additional 2,500 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of DLocal during the first quarter valued at approximately $1,324,000. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of DLocal in the first quarter worth $11,623,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of DLocal during the first quarter worth $348,000. Institutional investors own 90.13% of the company’s stock.

DLocal Company Profile

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.