VTEX (NYSE:VTEX) Stock: Insider Andre Spolidoro Ferreira Gomes Sells 20,804 Shares

VTEX (NYSE:VTEX) insider André Spolidoro sold 20,804 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $3.93, for a total transaction of $81,759.72. Following the sale, the insider directly owned 282,027 shares of the company’s stock, valued at $1,108,366.11. The trade was a 6.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Andre Spolidoro Ferreira Gomes also recently made the following trade(s):

• On Friday, October 16th, André Spolidoro sold 3,000 shares of VTEX stock. The stock was sold at an average price of $4.19, for a total value of $12,570.00.
• On Monday, August 17th, André Spolidoro sold 3,000 shares of VTEX stock. The stock was sold at an average price of $3.57, for a total value of $10,710.00.

VTEX Stock Performance

VTEX stock traded up $0.01 during mid-day trading on Tuesday, reaching $3.94. 90,681 shares of the company traded hands, compared to its average volume of 1,137,789. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $4.60. The company has a market capitalization of $672.58 million, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.05. The firm’s fifty day moving average is $3.83 and its two-hundred day moving average is $3.78.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company had revenue of $63.38 million during the quarter, compared to analysts’ expectations of $63.19 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. On average, equities research analysts expect that VTEX will post 0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on VTEX shares. Morgan Stanley cut VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 price target for the company. in a research report on Friday, August 28th. Bradesco Corretora lowered VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a research note on Friday, August 7th. Wall Street Zen lowered VTEX from a “buy” rating to a “hold” rating in a report on Saturday. Itau BBA Securities cut shares of VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 target price on the stock. in a research note on Tuesday, August 25th. Finally, 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. Two analysts have rated the stock with a Buy rating and five 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 $4.53.

Institutional Investors Weigh In On VTEX

Institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC purchased a new position in shares of VTEX in the first quarter valued at approximately $2,302,000. Globeflex Capital L P purchased a new stake in VTEX during the 1st quarter worth about $1,144,000. Bank of America Corp DE raised its position in VTEX by 56.0% in the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after purchasing an additional 245,306 shares in the last quarter. Sei Investments Co. acquired a new stake in VTEX in the 1st quarter valued at about $844,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of VTEX in the 1st quarter valued at about $292,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About VTEX

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.