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 stock in a transaction on Monday, October 12th. The stock was sold at an average price of $4.00, for a total value of $19,232.00. Following the completion of the sale, the chief executive officer directly owned 909,121 shares in the company, valued at $3,636,484. This represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $19,472.40.
• On Monday, August 3rd, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.40, for a total transaction of $21,155.20.
• On Monday, July 27th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.01, for a total transaction of $19,280.08.
• On Monday, July 20th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.22, for a total transaction of $20,289.76.

VTEX Stock Performance

NYSE:VTEX traded down $0.06 during mid-day trading on Friday, hitting $4.20. The stock had a trading volume of 724,860 shares, compared to its average volume of 823,344. The stock has a market capitalization of $715.21 million, a price-to-earnings ratio of 26.22, a P/E/G ratio of 0.53 and a beta of 0.94. The company has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $3.85. VTEX has a 52 week low of $2.84 and a 52 week high of $4.62. 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 posted its earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $64.69 million. On average, research analysts expect that VTEX will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VTEX

Several large investors have recently bought and sold shares of the stock. Corient Private Wealth LP bought a new stake in shares of VTEX during the 2nd quarter worth about $58,000. AXQ Capital LP bought a new position in shares of VTEX in the second quarter valued at approximately $47,000. Public Employees Retirement System of Ohio bought a new position in shares of VTEX in the second quarter valued at approximately $67,000. Globeflex Capital L P acquired a new position in shares of VTEX during the second quarter valued at approximately $1,144,000. Finally, Bank of America Corp DE increased its stake 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 period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley set a $4.00 price objective on VTEX and gave the stock an “equal weight” rating in a report on Friday, August 28th. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Bradesco Corretora downgraded VTEX to a “neutral” rating and set a $4.50 target price on the stock. in a research note on Friday, August 7th. Wall Street Zen lowered VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $5.10 price target on shares of VTEX in a research report on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, VTEX presently has a consensus rating of “Hold” and a consensus target price of $4.60.

About VTEX

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.