VTEX (NYSE:VTEX) Insider Sells $81,759.72 in Stock

VTEX (NYSE:VTEX) insider André Spolidoro sold 20,804 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $3.93, for a total transaction of $81,759.72. Following the completion of the sale, the insider owned 282,027 shares in the company, valued at approximately $1,108,366.11. This trade represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 transaction of $10,710.00.

VTEX Trading Up 0.9%

NYSE:VTEX opened at $3.94 on Friday. The stock’s 50-day moving average is $3.85 and its two-hundred day moving average is $3.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.78 and a quick ratio of 2.78. The stock has a market cap of $670.88 million, a PE ratio of 26.24, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $4.60.

VTEX (NYSE:VTEX) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). VTEX had a return on equity of 11.82% and a net margin of 10.48%. The company had revenue of $63.38 million for the quarter, compared to analyst estimates of $63.19 million. As a group, equities research analysts forecast that VTEX will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC acquired a new stake in shares of VTEX during the first quarter worth $2,302,000. Globeflex Capital L P bought a new position in VTEX in the first quarter valued at approximately $1,144,000. Bank of America Corp DE grew its stake in shares of VTEX by 56.0% in the first quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after buying an additional 245,306 shares in the last quarter. Sei Investments Co. acquired a new position in shares of VTEX during the 1st quarter worth about $844,000. Finally, Principal Financial Group Inc. increased its position in VTEX by 32.2% during the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock worth $1,321,000 after buying an additional 80,460 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VTEX shares. Jefferies Financial Group reissued a “buy” rating and set a $5.10 target price on shares of VTEX in a research report on Thursday, August 27th. Wall Street Zen lowered VTEX from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Bradesco Corretora downgraded VTEX to a “neutral” rating and set a $4.50 target price on the stock. in a research report on Friday, August 7th. Morgan Stanley lowered shares of VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a report on Friday, August 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of VTEX in a research report on Thursday, October 29th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.53.

VTEX Company Profile

VTEX is a cloud-based commerce technology company that provides a digital commerce platform for retailers, brands and other businesses. Its software supports online stores and helps companies manage digital sales across multiple channels. The platform combines storefront tools with capabilities for order management, marketplace operations, payments and integrations with other business systems. VTEX’s services are designed to help companies build and manage customer-facing commerce experiences while coordinating orders and operations behind the scenes.