VTEX (NYSE:VTEX) Stock: Insider De Faria Mariano Gomide Sells 4,808 Shares

VTEX (NYSE:VTEX) CEO Mariano Gomide de Faria sold 4,808 shares of VTEX stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $4.00, for a total transaction of $19,232.00. Following the sale, the chief executive officer directly owned 894,697 shares in the company, valued at approximately $3,578,788. This trade represents a 0.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, October 26th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.03, for a total transaction of $19,376.24.
• On Monday, October 19th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.10, for a total transaction of $19,712.80.
• On Monday, October 12th, Mariano Gomide de Faria 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 Monday, August 10th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.05, for a total transaction of $19,472.40.

VTEX Price Performance

NYSE VTEX traded down $0.01 during trading hours on Tuesday, hitting $3.98. 173,789 shares of the company’s stock traded hands, compared to its average volume of 1,138,132. VTEX has a 52-week low of $2.84 and a 52-week high of $4.60. The company has a market capitalization of $677.68 million, a PE ratio of 24.85, a PEG ratio of 0.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The firm’s 50-day moving average is $3.79 and its 200-day moving average is $3.76.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Friday, August 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $64.69 million. Equities analysts forecast that VTEX will post 0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.10 price target on shares of VTEX in a report on Thursday, August 27th. Weiss Ratings restated a “hold (c-)” rating on shares of VTEX in a report on Thursday. Wall Street Zen downgraded VTEX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. Morgan Stanley downgraded VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 target price for the company. in a research note on Friday, August 28th. Finally, Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.60.

Institutional Trading of VTEX

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of VTEX by 56.0% during the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after buying an additional 245,306 shares during the period. Hsbc Holdings PLC acquired a new position in VTEX in the first quarter valued at approximately $2,302,000. Principal Financial Group Inc. lifted its holdings in VTEX by 32.2% in the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock valued at $1,321,000 after acquiring an additional 80,460 shares during the last quarter. Globeflex Capital L P purchased a new position in VTEX in the first quarter worth approximately $1,144,000. Finally, Sei Investments Co. purchased a new position in VTEX in the first quarter worth approximately $844,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Company Profile

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.