Insider Selling: VTEX (NYSE:VTEX) CEO Sells 4,808 Shares of Stock

VTEX (NYSE:VTEX) CEO Geraldo Thomaz sold 4,808 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $4.00, for a total transaction of $19,232.00. Following the completion of the transaction, the chief executive officer directly owned 1,122,009 shares in the company, valued at $4,488,036. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Carmo Thomaz Junior Geraldo Do also recently made the following trade(s):

• On Monday, October 26th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.03, for a total transaction of $19,376.24.
• On Monday, October 19th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.09, for a total transaction of $19,664.72.
• On Monday, October 12th, Geraldo Thomaz 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, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.05, for a total transaction of $19,472.40.

VTEX Stock Down 0.1%

NYSE VTEX traded down $0.01 during trading hours on Tuesday, hitting $3.98. The company’s stock had a trading volume of 173,789 shares, 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 price-to-earnings-growth ratio of 0.48 and a beta of 0.94. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. The company’s 50-day simple moving average is $3.79 and its two-hundred day simple moving average is $3.76.

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

Institutional Trading of VTEX

Several hedge funds have recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in VTEX in the 1st quarter valued at about $29,000. Kapitalo Investimentos Ltda purchased a new position in shares of VTEX in the third quarter worth about $36,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of VTEX in the third quarter worth about $38,000. AXQ Capital LP purchased a new position in shares of VTEX in the second quarter worth about $47,000. Finally, Corient Private Wealth LP bought a new stake in shares of VTEX in the second quarter valued at approximately $58,000. 63.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VTEX shares. Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research report on Thursday. Bradesco Corretora downgraded shares of VTEX to a “neutral” rating and set a $4.50 price objective on the stock. in a report on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.10 price objective on shares of VTEX in a report on Thursday, August 27th. Morgan Stanley lowered shares of 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, Itau BBA Securities downgraded shares of VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 target price for the company. in a report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.60.

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.