VTEX (NYSE:VTEX) CEO Carmo Thomaz Junior Geraldo Do Sells 4,808 Shares of Stock

VTEX (NYSE:VTEX) CEO Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $4.03, for a total transaction of $19,376.24. Following the transaction, the chief executive officer owned 271,835 shares of the company’s stock, valued at $1,095,495.05. This represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carmo Thomaz Junior Geraldo Do also recently made the following trade(s):

• On Monday, April 6th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total transaction of $19,424.32.
• On Tuesday, March 31st, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total transaction of $19,280.08.

VTEX Stock Down 2.9%

Shares of NYSE VTEX opened at $3.99 on Wednesday. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82. The stock has a market capitalization of $690.23 million, a P/E ratio of 36.28, a P/E/G ratio of 0.60 and a beta of 1.17. The company has a 50-day moving average price of $3.62 and a 200-day moving average price of $3.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.04 and a quick ratio of 3.04.

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

Analysts Set New Price Targets

Several research firms recently weighed in on VTEX. UBS Group cut shares of VTEX from a “buy” rating to a “neutral” rating and cut their price target for the stock from $8.00 to $4.00 in a report on Wednesday, January 14th. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday. Weiss Ratings cut shares of VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 7th. Finally, Brean Capital upgraded shares of 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. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, VTEX currently has a consensus rating of “Hold” and an average price target of $5.97.

Institutional Trading of VTEX

Several hedge funds have recently added to or reduced their stakes in VTEX. Millennium Management LLC raised its position in VTEX by 202.5% in 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 during the period. Jacobs Levy Equity Management Inc. bought a new stake in VTEX in the third quarter worth about $4,412,000. Citadel Advisors LLC raised its position in VTEX by 524.5% in the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after acquiring an additional 850,132 shares during the period. Polar Capital Holdings Plc raised its position in VTEX by 11.9% in the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after acquiring an additional 748,712 shares during the period. Finally, BW Gestao de Investimentos Ltda. raised its position in VTEX by 1,301.0% in the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock worth $4,929,000 after acquiring an additional 693,457 shares during the period. Institutional investors own 63.69% of the company’s stock.

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.