DLocal (NASDAQ:DLO) Director Sebastian Kanovich Sells 1,000,000 Shares of Stock

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 1,000,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $14.63, for a total value of $14,630,000.00. Following the transaction, the director owned 1,000,000 shares in the company, valued at $14,630,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DLocal Stock Performance

NASDAQ:DLO traded up $0.21 during mid-day trading on Thursday, reaching $14.88. The stock had a trading volume of 5,940,984 shares, compared to its average volume of 2,016,196. The firm has a 50 day moving average price of $12.55 and a two-hundred day moving average price of $12.99. The stock has a market capitalization of $4.39 billion, a P/E ratio of 23.62 and a beta of 0.97. DLocal Limited has a one year low of $9.81 and a one year high of $16.78.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $335.86 million for the quarter, compared to analysts’ expectations of $331.20 million. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The business’s quarterly revenue was up 54.9% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. Research analysts forecast that DLocal Limited will post 0.81 earnings per share for the current year.

Hedge Funds Weigh In On DLocal

A number of hedge funds have recently modified their holdings of the company. IFP Advisors Inc purchased a new position in shares of DLocal in the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd raised its holdings in DLocal by 114.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after purchasing an additional 975 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in DLocal in the fourth quarter worth $40,000. Banque Cantonale Vaudoise purchased a new position in DLocal during the first quarter valued at $42,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of DLocal during the 4th quarter valued at $95,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Truist Financial decreased their target price on shares of DLocal from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of DLocal in a research note on Thursday, April 30th. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $20.00 in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research note on Monday, April 20th. Finally, Wall Street Zen cut DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. One 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $17.25.

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.