VTEX (NYSE:VTEX) CEO Sells $19,424.32 in Stock

VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide sold 4,808 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $4.04, for a total transaction of $19,424.32. Following the completion of the transaction, the chief executive officer owned 1,062,777 shares in the company, valued at $4,293,619.08. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, June 26th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.00, for a total transaction of $19,232.00.
• On Monday, June 1st, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.00, for a total transaction of $19,232.00.
• On Thursday, May 7th, De Faria Mariano Gomide 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, April 27th, De Faria Mariano Gomide 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.
• On Monday, April 20th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.16, for a total value of $20,001.28.
• On Monday, April 13th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.03, for a total value of $19,376.24.
• On Monday, April 6th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.04, for a total value of $19,424.32.

VTEX Trading Down 4.8%

VTEX stock traded down $0.20 during midday trading on Tuesday, hitting $4.01. 1,633,785 shares of the company’s stock were exchanged, compared to its average volume of 1,376,276. The business has a 50-day simple moving average of $3.75 and a two-hundred day simple moving average of $3.66. The stock has a market capitalization of $683.14 million, a PE ratio of 33.39, a P/E/G ratio of 0.56 and a beta of 1.05. VTEX has a 1-year low of $2.84 and a 1-year high of $6.82.

VTEX (NYSE:VTEX) last posted its earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). VTEX had a net margin of 9.40% and a return on equity of 9.68%. The business had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. As a group, research analysts expect that VTEX will post 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On VTEX

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in VTEX by 37.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock worth $187,000 after purchasing an additional 10,110 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of VTEX by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after purchasing an additional 84,189 shares during the period. Jane Street Group LLC boosted its stake in shares of VTEX by 1,570.1% in the first quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock valued at $949,000 after purchasing an additional 175,940 shares during the period. Geode Capital Management LLC acquired a new position in shares of VTEX in the second quarter valued at approximately $4,543,000. Finally, Rhumbline Advisers purchased a new stake in VTEX during the 2nd quarter worth approximately $392,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on VTEX. UBS Group upped their target price on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research report on Friday, May 8th. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, March 11th. Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, VTEX has an average rating of “Moderate Buy” and a consensus price target of $5.18.

VTEX Company Profile

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.