Insider Selling: VTEX (NYSE:VTEX) CEO Sells $19,280.08 in Stock

VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide sold 4,808 shares of VTEX stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $4.01, for a total value of $19,280.08. Following the transaction, the chief executive officer owned 142,201 shares in the company, valued at approximately $570,226.01. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 27th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total value of $19,280.08.
• On Monday, April 20th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.16, for a total value of $20,001.28.
• On Monday, April 13th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.03, for a total value of $19,376.24.
• On Monday, April 6th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total value of $19,424.32.
• On Tuesday, March 31st, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total value of $19,280.08.

VTEX Stock Performance

Shares of VTEX stock opened at $3.43 on Thursday. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82. The stock has a market cap of $584.27 million, a PE ratio of 28.56, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. The business’s fifty day moving average is $3.93 and its 200-day moving average is $3.76.

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

Hedge Funds Weigh In On VTEX

A number of hedge funds have recently modified their holdings of VTEX. Summit Securities Group LLC purchased a new position in shares of VTEX during the first quarter valued at $29,000. ProShare Advisors LLC purchased a new position in shares of VTEX during the fourth quarter valued at $39,000. Aquatic Capital Management LLC purchased a new position in shares of VTEX during the third quarter valued at $41,000. Ieq Capital LLC purchased a new position in shares of VTEX during the fourth quarter valued at $41,000. Finally, nVerses Capital LLC purchased a new position in shares of VTEX during the fourth quarter valued at $49,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Weiss Ratings cut VTEX from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Brean Capital upgraded VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday, March 11th. Finally, UBS Group lifted their target price on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, VTEX has a consensus rating of “Hold” and an average price target of $5.98.

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.