Insider Selling: VTEX (NYSE:VTEX) CEO Sells $19,232.00 in Stock

VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide sold 4,808 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $4.00, for a total transaction of $19,232.00. Following the completion of the sale, the chief executive officer directly owned 137,393 shares of the company’s stock, valued at $549,572. The trade was a 3.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, May 7th, 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 transaction of $19,280.08.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $19,280.08.

VTEX Stock Down 2.3%

VTEX stock opened at $3.65 on Friday. VTEX has a 52-week low of $2.84 and a 52-week high of $6.82. The firm has a fifty day moving average of $3.86 and a 200-day moving average of $3.69. The firm has a market capitalization of $621.44 million, a P/E ratio of 30.38, a PEG ratio of 0.52 and a beta of 1.05.

VTEX (NYSE:VTEX) last announced its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. VTEX had a net margin of 9.40% and a return on equity of 9.68%. On average, research analysts expect that VTEX will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VTEX. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. UBS Group upped their target price on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Wednesday, March 11th. Finally, Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.98.

Institutional Trading of VTEX

Institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in VTEX in the first quarter valued at $29,000. State of Wyoming acquired a new stake in VTEX in the second quarter valued at $59,000. Aquatic Capital Management LLC acquired a new stake in VTEX in the third quarter valued at $41,000. ProShare Advisors LLC acquired a new stake in VTEX in the fourth quarter valued at $39,000. Finally, Ieq Capital LLC acquired a new stake in VTEX in the fourth quarter valued at $41,000. 63.69% of the stock is owned by institutional investors and hedge funds.

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.