DLocal (NASDAQ:DLO) Director Sebastian Kanovich Sells 1,000,000 Shares

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $14.63, for a total value of $14,630,000.00. Following the completion of the transaction, the director owned 1,000,000 shares in the company, valued at $14,630,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DLocal Stock Up 1.4%

DLO stock opened at $14.88 on Friday. DLocal Limited has a 52 week low of $9.81 and a 52 week high of $16.78. The business has a 50-day simple moving average of $12.58 and a 200 day simple moving average of $13.00. The company has a market cap of $4.39 billion, a PE ratio of 23.62 and a beta of 0.97.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The firm had revenue of $335.86 million for the quarter, compared to the consensus estimate of $331.20 million. During the same period in the prior year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 54.9% on a year-over-year basis. On average, analysts anticipate that DLocal Limited will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.00 to $20.00 in a research report on Wednesday. Wall Street Zen lowered shares of DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Truist Financial dropped their price objective on shares of DLocal from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a research note on Monday, April 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $17.00 price target on shares of DLocal in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $17.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hussman Strategic Advisors Inc. bought a new stake in DLocal during the 4th quarter worth approximately $2,969,000. JPMorgan Chase & Co. grew its stake in shares of DLocal by 2,144.7% in the third quarter. JPMorgan Chase & Co. now owns 273,400 shares of the company’s stock worth $3,904,000 after purchasing an additional 261,220 shares during the last quarter. Maxi Investments CY Ltd increased its holdings in DLocal by 92.0% in the fourth quarter. Maxi Investments CY Ltd now owns 167,000 shares of the company’s stock valued at $2,361,000 after purchasing an additional 80,000 shares during the period. Baillie Gifford & Co. increased its holdings in DLocal by 12.2% in the fourth quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company’s stock valued at $42,373,000 after purchasing an additional 326,537 shares during the period. Finally, Paradice Investment Management LLC raised its position in DLocal by 93.5% during the 4th quarter. Paradice Investment Management LLC now owns 1,943,360 shares of the company’s stock worth $27,479,000 after purchasing an additional 938,938 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.