VTEX (NYSE:VTEX) Stock: Insider Carmo Thomaz Junior Geraldo Do Sells 4,808 Shares

VTEX (NYSE:VTEX) CEO Geraldo Thomaz sold 4,808 shares of VTEX stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $4.03, for a total transaction of $19,376.24. Following the completion of the transaction, the chief executive officer directly owned 1,126,817 shares of the company’s stock, valued at $4,541,072.51. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Carmo Thomaz Junior Geraldo Do also recently made the following trade(s):

• On Monday, October 19th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.09, for a total transaction of $19,664.72.
• On Monday, October 12th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.00, for a total transaction of $19,232.00.
• On Monday, August 10th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.05, for a total transaction of $19,472.40.
• On Monday, August 3rd, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.40, for a total transaction of $21,155.20.

VTEX Price Performance

Shares of VTEX opened at $3.87 on Thursday. The company has a market capitalization of $658.93 million, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 0.52 and a beta of 0.94. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $3.77 and a 200 day moving average of $3.76. VTEX has a twelve month low of $2.84 and a twelve month high of $4.60.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. As a group, equities research analysts anticipate that VTEX will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VTEX

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VTEX shares. Morgan Stanley set a $4.00 price objective on VTEX and gave the company an “equal weight” rating in a research report on Friday, August 28th. Itau BBA Securities lowered shares of VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 target price for the company. in a report on Tuesday, August 25th. Jefferies Financial Group restated a “buy” rating and set a $5.10 target price on shares of VTEX in a research note on Thursday, August 27th. Weiss Ratings cut shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, Bradesco Corretora downgraded shares of VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.60.

VTEX Company Profile

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.