VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco Sells 15,937 Shares

VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco sold 15,937 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total value of $57,213.83. Following the transaction, the director directly owned 9,965 shares in the company, valued at $35,774.35. This trade represents a 61.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

VTEX Stock Down 1.3%

NYSE:VTEX opened at $3.54 on Thursday. The firm has a market capitalization of $602.68 million, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 0.50 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 50 day moving average price is $3.87 and its two-hundred day moving average price is $3.70.

VTEX (NYSE:VTEX) last posted its quarterly earnings results 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). The company had revenue of $60.70 million for the quarter, compared to analyst estimates of $60.65 million. VTEX had a return on equity of 9.68% and a net margin of 9.40%. As a group, analysts anticipate that VTEX will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VTEX has been the topic of several recent analyst reports. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, March 11th. UBS Group boosted their target price on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, VTEX currently has a consensus rating of “Moderate Buy” and an average price target of $5.98.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VTEX. Summit Securities Group LLC acquired a new position in shares of VTEX during the 1st quarter worth approximately $29,000. ProShare Advisors LLC acquired a new position in shares of VTEX during the 4th quarter worth approximately $39,000. Aquatic Capital Management LLC acquired a new position in shares of VTEX during the 3rd quarter worth approximately $41,000. Ieq Capital LLC acquired a new position in shares of VTEX during the 4th quarter worth approximately $41,000. Finally, nVerses Capital LLC acquired a new position in shares of VTEX during the 4th quarter worth approximately $49,000. 63.69% of the stock is owned by institutional investors and hedge funds.

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.