Globeflex Capital L P Invests $1.14 Million in VTEX $VTEX

Globeflex Capital L P bought a new position in VTEX (NYSE:VTEX) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 285,953 shares of the company’s stock, valued at approximately $1,144,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in VTEX in the first quarter valued at $29,000. State of Wyoming bought a new position in shares of VTEX during the 2nd quarter worth about $59,000. Aquatic Capital Management LLC acquired a new stake in shares of VTEX in the 3rd quarter valued at about $41,000. ProShare Advisors LLC acquired a new stake in shares of VTEX in the 4th quarter valued at about $39,000. Finally, Ieq Capital LLC bought a new stake in VTEX in the 4th quarter valued at about $41,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at VTEX

In related news, insider Andre Spolidoro Ferreira Gomes sold 15,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $4.04, for a total transaction of $60,600.00. Following the transaction, the insider owned 301,431 shares in the company, valued at $1,217,781.24. The trade was a 4.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 94,928 shares of company stock valued at $386,522 over the last quarter. 40.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VTEX has been the subject of a number of analyst reports. Weiss Ratings cut shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Bradesco Corretora lowered shares of VTEX to a “neutral” rating and set a $4.50 target price on the stock. in a report on Friday, August 7th. Finally, UBS Group raised their price target on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.07.

VTEX Price Performance

Shares of NYSE VTEX opened at $3.67 on Tuesday. The stock has a market cap of $624.85 million, a PE ratio of 22.91, a price-to-earnings-growth ratio of 0.51 and a beta of 1.02. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $4.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The stock has a fifty day moving average of $3.98 and a 200-day moving average of $3.79.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. VTEX had a return on equity of 12.98% and a net margin of 11.98%.The firm had revenue of $64.39 million during the quarter, compared to the consensus estimate of $64.69 million. Equities research analysts anticipate that VTEX will post 0.19 earnings per share for the current year.

VTEX Profile

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.