Alejandro Raul Scannapieco Sells 15,937 Shares of VTEX (NYSE:VTEX) Stock

VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $3.59, for a total value of $57,213.83. Following the completion of the sale, the director owned 9,965 shares of the company’s stock, valued at approximately $35,774.35. This trade represents a 61.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

VTEX Stock Performance

VTEX stock opened at $3.74 on Friday. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82. The firm has a market cap of $636.78 million, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. The stock has a 50-day simple moving average of $3.86 and a 200-day simple moving average of $3.70.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in shares of VTEX by 202.5% in the 3rd quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock worth $6,706,000 after acquiring an additional 1,024,911 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of VTEX in the 3rd quarter worth approximately $4,412,000. Citadel Advisors LLC grew its position in shares of VTEX by 524.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after acquiring an additional 850,132 shares in the last quarter. Polar Capital Holdings Plc grew its position in shares of VTEX by 11.9% in the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after acquiring an additional 748,712 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. grew its position in shares of VTEX by 1,301.0% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock worth $4,929,000 after acquiring an additional 693,457 shares in the last quarter. 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.