Insider Selling: VTEX (NYSE:VTEX) Insider Sells $60,600.00 in Stock

VTEX (NYSE:VTEX) insider Andre Spolidoro Ferreira Gomes sold 15,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the transaction, the insider owned 301,431 shares in the company, valued at approximately $1,217,781.24. This trade represents a 4.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Andre Spolidoro Ferreira Gomes also recently made the following trade(s):

• On Monday, May 18th, Andre Spolidoro Ferreira Gomes sold 1,500 shares of VTEX stock. The stock was sold at an average price of $3.51, for a total transaction of $5,265.00.

VTEX Stock Down 1.7%

Shares of VTEX opened at $3.75 on Friday. The stock’s 50 day moving average is $3.97 and its two-hundred day moving average is $3.77. VTEX has a 12 month low of $2.84 and a 12 month high of $4.73. The firm has a market cap of $638.49 million, a P/E ratio of 23.41, a PEG ratio of 0.53 and a beta of 1.02. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02.

VTEX (NYSE:VTEX) last released its quarterly earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The firm had revenue of $64.39 million during the quarter, compared to the consensus estimate of $64.69 million. Analysts predict that VTEX will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group upped their price objective 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. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, Bradesco Corretora cut VTEX to a “neutral” rating and set a $4.50 target price for the company. in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.07.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new position in shares of VTEX in the 1st quarter valued at $2,302,000. Globeflex Capital L P purchased a new stake in VTEX in the 1st quarter valued at about $1,144,000. Banco BTG Pactual S.A. lifted its position in VTEX by 29.9% in the fourth quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock valued at $2,271,000 after buying an additional 139,100 shares during the last quarter. Sei Investments Co. purchased a new position in VTEX during the first quarter worth about $844,000. Finally, Bank of America Corp DE increased its position 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. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.