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 the firm’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $4.09, for a total value of $19,664.72. Following the completion of the sale, the chief executive officer directly owned 1,131,625 shares in the company, valued at approximately $4,628,346.25. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 value 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 value 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.
• On Monday, July 27th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total transaction of $19,280.08.

VTEX Trading Down 2.3%

Shares of VTEX stock opened at $4.12 on Thursday. The firm has a market cap of $703.27 million, a P/E ratio of 25.78, a PEG ratio of 0.53 and a beta of 0.94. VTEX has a 1-year low of $2.84 and a 1-year high of $4.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The firm’s 50-day simple moving average is $3.73 and its 200-day simple moving average is $3.85.

VTEX (NYSE:VTEX) last released 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. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The business had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. As a group, equities analysts forecast that VTEX will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Bradesco Corretora downgraded shares of VTEX to a “neutral” rating and set a $4.50 price target on the stock. in a research note on Friday, August 7th. Jefferies Financial Group reissued a “buy” rating and set a $5.10 price objective on shares of VTEX in a research note on Thursday, August 27th. 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. Weiss Ratings downgraded VTEX from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, Wall Street Zen lowered VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.60.

Hedge Funds Weigh In On VTEX

A number of large investors have recently modified their holdings of VTEX. Hsbc Holdings PLC acquired a new position in shares of VTEX in the 1st quarter valued at about $2,302,000. Globeflex Capital L P purchased a new stake in shares of VTEX during the 1st quarter worth about $1,144,000. Bank of America Corp DE grew its holdings 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 worth $2,732,000 after purchasing an additional 245,306 shares during the period. Sei Investments Co. acquired a new stake in VTEX during the 1st quarter worth approximately $844,000. Finally, Principal Financial Group Inc. increased its position in VTEX by 32.2% during 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 in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

About VTEX

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.