Insider Selling: VTEX (NYSE:VTEX) CEO Sells $19,232.00 in Stock

VTEX (NYSE:VTEX) CEO Mariano Gomide de Faria sold 4,808 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were 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 894,697 shares of the company’s stock, valued at approximately $3,578,788. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, October 26th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.03, for a total transaction of $19,376.24.
• On Monday, October 19th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.10, for a total transaction of $19,712.80.
• On Monday, October 12th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.00, for a total transaction of $19,232.00.
• On Monday, August 10th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.05, for a total transaction of $19,472.40.

VTEX Price Performance

Shares of VTEX stock traded down $0.01 on Tuesday, hitting $3.98. The company’s stock had a trading volume of 173,789 shares, compared to its average volume of 1,138,132. The company has a market capitalization of $677.68 million, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 0.48 and a beta of 0.94. VTEX has a 1 year low of $2.84 and a 1 year high of $4.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a fifty day moving average price of $3.79 and a 200-day moving average price of $3.76.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. VTEX had a return on equity of 12.98% and a net margin of 11.98%. The company had revenue of $64.39 million for the quarter, compared to analyst estimates of $64.69 million. As a group, sell-side analysts anticipate that VTEX will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

Several large investors have recently bought and sold shares of VTEX. Bank of America Corp DE raised its holdings in shares of VTEX by 56.0% during the first 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 last quarter. Hsbc Holdings PLC acquired a new stake in shares of VTEX in the first quarter worth approximately $2,302,000. Principal Financial Group Inc. boosted its stake in shares of VTEX by 32.2% in the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock worth $1,321,000 after acquiring an additional 80,460 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of VTEX in the first quarter worth approximately $1,144,000. Finally, Sei Investments Co. purchased a new stake in shares of VTEX during the first quarter worth approximately $844,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a $5.10 target price on shares of VTEX in a research report on Thursday, August 27th. Morgan Stanley lowered shares of VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 price target for the company. in a report on Friday, August 28th. Wall Street Zen cut shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Bradesco Corretora downgraded shares of VTEX to a “neutral” rating and set a $4.50 price objective on the stock. in a report on Friday, August 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of VTEX in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.60.

About VTEX

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.