Insider Selling: VTEX (NYSE:VTEX) CEO Sells 4,808 Shares of Stock

VTEX (NYSE:VTEX) CEO Carmo Thomaz Junior Geraldo Do sold 4,808 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $4.01, for a total value of $19,280.08. Following the sale, the chief executive officer directly owned 227,773 shares in the company, valued at approximately $913,369.73. This represents a 2.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

VTEX Stock Up 1.9%

NYSE VTEX traded up $0.08 during trading hours on Thursday, reaching $4.12. 238,492 shares of the company’s stock were exchanged, compared to its average volume of 1,206,885. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 3.04. The company has a market capitalization of $711.87 million, a price-to-earnings ratio of 37.41, a price-to-earnings-growth ratio of 0.59 and a beta of 1.17. The company’s 50-day moving average is $3.49 and its two-hundred day moving average is $3.85. VTEX has a one year low of $2.84 and a one year high of $6.82.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $67.95 million for the quarter, compared to analyst estimates of $68.11 million. VTEX had a net margin of 8.32% and a return on equity of 8.24%. On average, analysts forecast that VTEX will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group lowered shares of VTEX from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $8.00 to $4.00 in a research note on Wednesday, January 14th. Brean Capital upgraded VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, March 11th. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.97.

Hedge Funds Weigh In On VTEX

Several hedge funds and other institutional investors have recently made changes to their positions in VTEX. Millennium Management LLC raised its position in VTEX by 202.5% during the third quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock worth $6,706,000 after acquiring an additional 1,024,911 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of VTEX in the 3rd quarter valued at about $4,412,000. Citadel Advisors LLC grew its position in shares of VTEX by 524.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after acquiring an additional 850,132 shares during the period. Polar Capital Holdings Plc increased its stake in shares of VTEX by 11.9% during the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after purchasing an additional 748,712 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. increased its stake in shares of VTEX by 1,301.0% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock worth $4,929,000 after purchasing an additional 693,457 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

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.