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

VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide sold 4,808 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $4.01, for a total value of $19,280.08. Following the completion of the sale, the chief executive officer owned 142,201 shares of the company’s stock, valued at approximately $570,226.01. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a 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, April 27th, 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 value of $19,280.08.
• On Monday, April 20th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The stock was 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.
• On Tuesday, March 31st, 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 value of $19,280.08.

VTEX Stock Down 7.9%

Shares of VTEX traded down $0.30 during midday trading on Monday, reaching $3.45. The company had a trading volume of 1,951,835 shares, compared to its average volume of 1,224,384. VTEX has a 1-year low of $2.84 and a 1-year high of $6.82. The stock has a market cap of $587.34 million, a PE ratio of 28.71, a price-to-earnings-growth ratio of 0.54 and a beta of 1.05. The firm has a 50 day simple moving average of $3.90 and a 200-day simple moving average of $3.79.

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

Institutional Investors Weigh In On VTEX

Several hedge funds and other institutional investors have recently made changes to their positions in VTEX. Summit Securities Group LLC acquired a new position in VTEX in the first quarter valued at approximately $29,000. State of Wyoming purchased a new stake in shares of VTEX in the 2nd quarter valued at about $59,000. Aquatic Capital Management LLC purchased a new stake in shares of VTEX in the 3rd quarter valued at about $41,000. ProShare Advisors LLC purchased a new stake in shares of VTEX in the 4th quarter valued at about $39,000. Finally, Ieq Capital LLC purchased a new stake in shares of VTEX in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.