Insider Selling: VTEX (NYSE:VTEX) Insider Sells $10,710.00 in Stock

VTEX (NYSE:VTEX) insider Andre Spolidoro Ferreira Gomes sold 3,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $3.57, for a total value of $10,710.00. Following the sale, the insider owned 298,431 shares in the company, valued at approximately $1,065,398.67. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, August 10th, Andre Spolidoro Ferreira Gomes sold 15,000 shares of VTEX stock. The stock was sold at an average price of $4.04, for a total value of $60,600.00.

VTEX Stock Performance

Shares of NYSE:VTEX traded up $0.01 during midday trading on Tuesday, reaching $3.54. 706,793 shares of the company’s stock traded hands, compared to its average volume of 1,271,890. VTEX has a one year low of $2.84 and a one year high of $4.73. The stock has a 50 day moving average of $3.97 and a 200 day moving average of $3.78. The company has a market cap of $604.37 million, a price-to-earnings ratio of 22.16, a P/E/G ratio of 0.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91.

VTEX (NYSE:VTEX) last issued its earnings results on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $64.39 million during the quarter, compared to analyst estimates 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 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On VTEX

Several institutional investors have recently made changes to their positions in VTEX. Hsbc Holdings PLC bought a new stake in VTEX during the first quarter valued at approximately $2,302,000. Globeflex Capital L P bought a new position in VTEX in the first quarter worth approximately $1,144,000. Banco BTG Pactual S.A. boosted its stake in shares of VTEX by 29.9% during the 4th quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock worth $2,271,000 after acquiring an additional 139,100 shares during the last quarter. Sei Investments Co. purchased a new position in shares of VTEX during the 1st quarter worth $844,000. Finally, Bank of America Corp DE grew its position in shares of 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 acquiring an additional 245,306 shares during the period. Institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

VTEX has been the topic of a number of research analyst reports. UBS Group increased their price objective 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. Bradesco Corretora cut VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, August 7th. Finally, Weiss Ratings lowered VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.07.

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.