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 VTEX stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $4.01, for a total transaction of $19,280.08. Following the completion of the transaction, the chief executive officer owned 382,411 shares in the company, valued at approximately $1,533,468.11. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, April 27th, Carmo Thomaz Junior Geraldo Do 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 20th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.16, for a total transaction of $20,001.28.
• On Monday, April 13th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.03, for a total transaction of $19,376.24.
• On Monday, April 6th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The stock was 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 stock was sold at an average price of $4.01, for a total transaction of $19,280.08.

VTEX Stock Down 7.9%

VTEX stock traded down $0.30 during mid-day trading on Monday, hitting $3.45. The company’s stock had a trading volume of 1,951,835 shares, compared to its average volume of 1,224,384. The stock has a market capitalization of $587.34 million, a P/E ratio of 28.71, a P/E/G ratio of 0.54 and a beta of 1.05. VTEX has a twelve month low of $2.84 and a twelve month high of $6.82. The stock’s fifty day moving average price is $3.90 and its two-hundred day moving average price is $3.79.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). VTEX had a return on equity of 9.68% and a net margin of 9.40%.The firm had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $60.65 million. Equities analysts expect that VTEX will post 0.19 earnings per share for the current year.

Institutional Trading of VTEX

Several hedge funds and other institutional investors have recently modified their holdings of the company. Polar Capital Holdings Plc raised its holdings in shares of VTEX by 11.9% during 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 in the last quarter. Millennium Management LLC raised its holdings in shares of VTEX by 36.6% during the fourth quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock worth $7,865,000 after acquiring an additional 560,828 shares in the last quarter. State Street Corp raised its holdings in shares of VTEX by 7.7% during the fourth quarter. State Street Corp now owns 1,590,672 shares of the company’s stock worth $5,981,000 after acquiring an additional 114,256 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of VTEX by 524.5% during 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of VTEX during the third quarter worth $4,412,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VTEX has been the topic of a number of research reports. Weiss Ratings downgraded VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, March 11th. Finally, UBS Group lifted their target price on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.98.

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.