Sebastian Kanovich Sells 72,753 Shares of DLocal (NASDAQ:DLO) Stock

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 72,753 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $15.54, for a total transaction of $1,130,581.62. Following the completion of the transaction, the director owned 4,700 shares in the company, valued at approximately $73,038. The trade was a 93.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Tuesday, August 4th, Sebastian Kanovich sold 4,700 shares of DLocal stock. The shares were sold at an average price of $15.50, for a total transaction of $72,850.00.
• 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 transaction of $398,350.00.
• On Wednesday, July 1st, Sebastian Kanovich sold 1,000,000 shares of DLocal stock. The stock was sold at an average price of $14.63, for a total transaction of $14,630,000.00.

DLocal Stock Up 1.2%

Shares of NASDAQ DLO opened at $14.28 on Thursday. The firm’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $13.10. DLocal Limited has a 52-week low of $10.64 and a 52-week high of $16.78. The stock has a market capitalization of $4.21 billion, a P/E ratio of 22.67 and a beta of 0.97.

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

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

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

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.