Insider Selling: DLocal (NASDAQ:DLO) Director Sells $14,630,000.00 in Stock

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $14.63, for a total value of $14,630,000.00. Following the sale, the director owned 1,000,000 shares of the company’s stock, valued at approximately $14,630,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DLocal Price Performance

Shares of DLO opened at $14.88 on Friday. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 23.62 and a beta of 0.97. DLocal Limited has a 52-week low of $9.81 and a 52-week high of $16.78. The stock has a 50 day moving average price of $12.61 and a 200 day moving average price of $13.01.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The company had revenue of $335.86 million for the quarter, compared to analysts’ expectations of $331.20 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 54.9% on a year-over-year basis. On average, equities analysts anticipate that DLocal Limited will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DLO shares. UBS Group raised DLocal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $20.00 in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research report on Monday, April 20th. Wall Street Zen downgraded DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Truist Financial cut their price target on DLocal from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $17.00 price objective on shares of DLocal in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $17.25.

Institutional Investors Weigh In On DLocal

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of DLocal by 114.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after buying an additional 975 shares during the last quarter. IFP Advisors Inc acquired a new stake in DLocal during the 3rd quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new stake in DLocal during the 4th quarter worth approximately $40,000. Banque Cantonale Vaudoise purchased a new position in shares of DLocal in the 1st quarter valued at approximately $42,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of DLocal in the fourth quarter valued at approximately $95,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

About DLocal

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.