Insider Selling: DLocal (NASDAQ:DLO) Director Sells 4,700 Shares of Stock

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 4,700 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $15.50, for a total transaction of $72,850.00. Following the transaction, the director owned 4,700 shares of the company’s stock, valued at approximately $72,850. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sebastian Kanovich also recently made the following trade(s):

• On Wednesday, August 5th, Sebastian Kanovich sold 72,753 shares of DLocal stock. The shares were sold at an average price of $15.54, for a total value of $1,130,581.62.
• On Tuesday, July 7th, Sebastian Kanovich sold 25,700 shares of DLocal stock. The stock was sold at an average price of $15.50, for a total value of $398,350.00.
• On Wednesday, July 1st, Sebastian Kanovich sold 1,000,000 shares of DLocal stock. The shares were sold at an average price of $14.63, for a total value of $14,630,000.00.

DLocal Trading Down 1.8%

Shares of NASDAQ:DLO traded down $0.26 during trading on Tuesday, hitting $14.11. 1,740,024 shares of the company were exchanged, compared to its average volume of 1,614,535. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 22.40 and a beta of 0.97. DLocal Limited has a fifty-two week low of $10.52 and a fifty-two week high of $16.78. The firm has a fifty day moving average price of $13.76 and a two-hundred day moving average price of $13.10.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The company had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 54.9% compared to the same quarter last year. As a group, research analysts predict that DLocal Limited will post 0.82 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of DLocal from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research report on Friday, July 17th. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $20.00 in a research note on Wednesday, July 1st. Wall Street Zen cut DLocal from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group lifted their target price on DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $17.75.

Hedge Funds Weigh In On DLocal

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in DLocal by 562.7% in the 1st quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock worth $406,000 after purchasing an additional 41,324 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of DLocal by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock worth $4,796,000 after purchasing an additional 22,803 shares during the period. Empowered Funds LLC increased its holdings in shares of DLocal by 2.7% during the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after purchasing an additional 1,281 shares during the period. Geode Capital Management LLC raised its position in shares of DLocal by 0.8% in the second quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock valued at $1,618,000 after buying an additional 1,130 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of DLocal in the second quarter valued at approximately $254,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

About DLocal

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.