Insider Selling: VTEX (NYSE:VTEX) CEO Sells $19,376.24 in Stock

VTEX (NYSE:VTEX) CEO Mariano Gomide de Faria sold 4,808 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $4.03, for a total transaction of $19,376.24. Following the sale, the chief executive officer owned 899,505 shares in the company, valued at $3,625,005.15. This represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, October 19th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were 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 value of $19,232.00.
• On Monday, August 10th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.05, for a total value of $19,472.40.
• On Monday, August 3rd, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.40, for a total value of $21,155.20.

VTEX Stock Performance

VTEX stock opened at $4.01 on Friday. VTEX has a 52 week low of $2.84 and a 52 week high of $4.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The stock has a market cap of $684.52 million, a P/E ratio of 25.10, a P/E/G ratio of 0.48 and a beta of 0.94. The firm has a 50 day simple moving average of $3.78 and a 200 day simple moving average of $3.76.

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

Analyst Upgrades and Downgrades

VTEX has been the subject of a number of analyst reports. Bradesco Corretora cut VTEX to a “neutral” rating and set a $4.50 price target for the company. in a research report on Friday, August 7th. Itau BBA Securities downgraded shares of VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 price objective for the company. in a report on Tuesday, August 25th. Weiss Ratings cut shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Morgan Stanley lowered VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective on the stock. in a research note on Friday, August 28th. Finally, Wall Street Zen downgraded VTEX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, VTEX has an average rating of “Hold” and a consensus price target of $4.60.

Institutional Trading of VTEX

Institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in VTEX in the first quarter worth $2,302,000. Globeflex Capital L P bought a new position in shares of VTEX during the 1st quarter worth about $1,144,000. Bank of America Corp DE boosted 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 acquiring an additional 245,306 shares in the last quarter. Sei Investments Co. bought a new stake in VTEX in the first quarter valued at about $844,000. Finally, Kapitalo Investimentos Ltda acquired a new position in VTEX in the third quarter worth about $36,000. 63.69% of the stock is currently owned by institutional investors.

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.