Globeflex Capital L P Buys Shares of 285,953 VTEX $VTEX

Globeflex Capital L P bought a new position in shares of VTEX (NYSE:VTEX) during the first quarter, Holdings Channel reports. The fund bought 285,953 shares of the company’s stock, valued at approximately $1,144,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Summit Securities Group LLC bought a new position in VTEX during the first quarter worth $29,000. ProShare Advisors LLC bought a new position in VTEX in the fourth quarter worth approximately $39,000. Ieq Capital LLC acquired a new stake in VTEX in the 4th quarter valued at $41,000. Aquatic Capital Management LLC acquired a new stake in shares of VTEX in the 3rd quarter worth about $41,000. Finally, nVerses Capital LLC acquired a new position in VTEX during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

VTEX Trading Down 3.2%

Shares of NYSE VTEX opened at $4.04 on Thursday. VTEX has a 12 month low of $2.84 and a 12 month high of $6.34. The firm has a fifty day simple moving average of $3.81 and a two-hundred day simple moving average of $3.70. The firm has a market capitalization of $687.93 million, a PE ratio of 33.62, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03.

VTEX (NYSE:VTEX) last released its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). VTEX had a return on equity of 9.68% and a net margin of 9.40%.The business had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $60.65 million. On average, sell-side analysts predict that VTEX will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VTEX. Weiss Ratings raised shares of VTEX from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Finally, UBS Group lifted their price target on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.18.

Insider Activity

In related news, Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the sale, the director directly owned 9,965 shares of the company’s stock, valued at $35,774.35. This trade represents a 61.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 75,133 shares of company stock worth $294,417 over the last 90 days. Corporate insiders own 40.93% of the company’s stock.

About VTEX

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.