VTEX (NYSE:VTEX) Stock: Insider Andre Spolidoro Ferreira Gomes Sells 3,000 Shares

VTEX (NYSE:VTEX) insider André Spolidoro sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $4.19, for a total transaction of $12,570.00. Following the completion of the transaction, the insider directly owned 302,831 shares of the company’s stock, valued at approximately $1,268,861.89. This represents a 0.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Andre Spolidoro Ferreira Gomes also recently made the following trade(s):

• On Monday, August 17th, André Spolidoro sold 3,000 shares of VTEX stock. The stock was sold at an average price of $3.57, for a total transaction of $10,710.00.
• On Monday, August 10th, André Spolidoro sold 15,000 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total transaction of $60,600.00.

VTEX Stock Performance

VTEX stock opened at $4.12 on Thursday. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $4.62. 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 market cap of $703.27 million, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 0.53 and a beta of 0.94. The firm’s fifty day moving average price is $3.73 and its 200-day moving average price is $3.85.

VTEX (NYSE:VTEX) last announced its earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $64.39 million during the quarter, compared to analyst estimates of $64.69 million. VTEX had a net margin of 11.98% and a return on equity of 12.98%. On average, equities research analysts expect that VTEX will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VTEX

Several institutional investors and hedge funds have recently made changes to their positions in VTEX. Bank of America Corp DE raised its position in VTEX by 56.0% in the 1st quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock worth $2,732,000 after purchasing an additional 245,306 shares during the period. Hsbc Holdings PLC bought a new stake in VTEX in the first quarter worth $2,302,000. Principal Financial Group Inc. lifted its stake in VTEX by 32.2% in the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock worth $1,321,000 after purchasing an additional 80,460 shares during the last quarter. Globeflex Capital L P purchased a new stake in VTEX during the first quarter valued at about $1,144,000. Finally, Sei Investments Co. purchased a new stake in VTEX during the first quarter valued at about $844,000. Institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VTEX. Morgan Stanley set a $4.00 price objective on VTEX and gave the stock an “equal weight” rating in a report on Friday, August 28th. Jefferies Financial Group reissued a “buy” rating and set a $5.10 price objective on shares of VTEX in a report on Thursday, August 27th. Weiss Ratings cut VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Wall Street Zen downgraded VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Finally, Itau BBA Securities reaffirmed a “market perform” rating and issued a $4.50 target price on shares of VTEX in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, VTEX currently has a consensus rating of “Hold” and an average target price of $4.60.

VTEX Company Profile

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.