VTEX (NYSE:VTEX) Stock: Insider Francisco Alvarez-Demalde Sells 198,640 Shares

VTEX (NYSE:VTEX) Director Francisco Alvarez-Demalde sold 198,640 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $3.90, for a total transaction of $774,696.00. Following the transaction, the director owned 198,640 shares of the company’s stock, valued at approximately $774,696. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

VTEX Stock Performance

Shares of VTEX stock traded up $0.04 during mid-day trading on Thursday, hitting $3.94. The stock had a trading volume of 243,990 shares, compared to its average volume of 1,135,694. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $4.60. The firm has a market cap of $670.86 million, a PE ratio of 26.35, a PEG ratio of 0.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.78 and a quick ratio of 2.78. The company’s 50-day simple moving average is $3.84 and its 200-day simple moving average is $3.78.

VTEX (NYSE:VTEX) last issued its earnings results on Thursday, November 5th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). VTEX had a net margin of 10.48% and a return on equity of 11.82%. The firm had revenue of $63.38 million during the quarter, compared to analysts’ expectations of $63.19 million. Sell-side analysts anticipate that VTEX will post 0.19 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Itau BBA Securities cut VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 target price on the stock. in a research report on Tuesday, August 25th. Wall Street Zen cut VTEX from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Jefferies Financial Group reissued a “buy” rating and issued a $5.10 price target on shares of VTEX in a report on Thursday, August 27th. Morgan Stanley lowered VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective on the stock. in a report on Friday, August 28th. Finally, Bradesco Corretora cut VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.53.

Institutional Investors Weigh In On VTEX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kapitalo Investimentos Ltda purchased a new stake in shares of VTEX during the 3rd quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new position in VTEX during the third quarter worth $38,000. AXQ Capital LP acquired a new position in VTEX during the second quarter worth $47,000. Corient Private Wealth LP purchased a new stake in VTEX during the second quarter worth $58,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in VTEX during the second quarter worth $67,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

VTEX Company Profile

VTEX is a cloud-based commerce technology company that provides a digital commerce platform for retailers, brands and other businesses. Its software supports online stores and helps companies manage digital sales across multiple channels. The platform combines storefront tools with capabilities for order management, marketplace operations, payments and integrations with other business systems. VTEX’s services are designed to help companies build and manage customer-facing commerce experiences while coordinating orders and operations behind the scenes.