VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide Sells 4,808 Shares of Stock

VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide sold 4,808 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $4.01, for a total value of $19,280.08. Following the transaction, the chief executive officer directly owned 41,241 shares of the company’s stock, valued at $165,376.41. This represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

VTEX Stock Up 0.4%

NYSE:VTEX opened at $4.06 on Friday. The stock has a 50-day simple moving average of $3.50 and a 200 day simple moving average of $3.85. VTEX has a 52-week low of $2.84 and a 52-week high of $6.82. The company has a market cap of $701.47 million, a PE ratio of 36.87, a PEG ratio of 0.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 3.04.

VTEX (NYSE:VTEX) last released its earnings results on Thursday, February 26th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $67.95 million for the quarter, compared to analysts’ expectations of $68.11 million. VTEX had a return on equity of 8.24% and a net margin of 8.32%. On average, sell-side analysts expect that VTEX will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VTEX. UBS Group lowered shares of VTEX from a “buy” rating to a “neutral” rating and lowered their price target for the company from $8.00 to $4.00 in a research note on Wednesday, January 14th. Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, March 11th. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.97.

Hedge Funds Weigh In On VTEX

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in shares of VTEX in the second quarter valued at about $39,000. ProShare Advisors LLC bought a new stake in shares of VTEX during the 4th quarter worth about $39,000. Aquatic Capital Management LLC acquired a new position in VTEX in the 3rd quarter valued at about $41,000. Ieq Capital LLC acquired a new position in VTEX in the 4th quarter valued at about $41,000. Finally, nVerses Capital LLC bought a new position in VTEX in the 4th quarter valued at about $49,000. 63.69% of the stock is currently 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.