Insider Selling: VTEX (NYSE:VTEX) CEO Sells $19,280.08 in Stock

VTEX (NYSE:VTEX) CEO Carmo Thomaz Junior Geraldo Do sold 4,808 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $4.01, for a total value of $19,280.08. Following the completion of the sale, the chief executive officer directly owned 262,219 shares of the company’s stock, valued at $1,051,498.19. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, April 20th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.16, for a total value of $20,001.28.
• On Monday, April 13th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.03, for a total value of $19,376.24.
• On Monday, April 6th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total value of $19,424.32.
• On Tuesday, March 31st, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total value of $19,280.08.

VTEX Trading Down 2.5%

Shares of VTEX stock opened at $3.76 on Friday. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82. The firm has a market cap of $649.58 million, a PE ratio of 34.14, a P/E/G ratio of 0.56 and a beta of 1.17. The stock has a fifty day moving average price of $3.85 and a 200-day moving average price of $3.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.04 and a quick ratio of 3.04.

VTEX (NYSE:VTEX) last announced its earnings results on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. VTEX had a return on equity of 8.24% and a net margin of 8.32%.The firm had revenue of $67.95 million during the quarter, compared to analyst estimates of $68.11 million. Equities research analysts anticipate that VTEX will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, March 11th. UBS Group lowered VTEX from a “buy” rating to a “neutral” rating and decreased their target price for the company from $8.00 to $4.00 in a research report on Wednesday, January 14th. Finally, Weiss Ratings upgraded VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Polar Capital Holdings Plc grew its stake in shares of VTEX by 11.9% during the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after acquiring an additional 748,712 shares during the period. Millennium Management LLC grew its stake in shares of VTEX by 36.6% during the 4th quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock worth $7,865,000 after acquiring an additional 560,828 shares during the period. State Street Corp grew its stake in shares of VTEX by 7.7% during the 4th quarter. State Street Corp now owns 1,590,672 shares of the company’s stock worth $5,981,000 after acquiring an additional 114,256 shares during the period. Citadel Advisors LLC grew its stake in shares of VTEX by 524.5% during the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after acquiring an additional 850,132 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of VTEX during the 3rd quarter worth $4,412,000. Institutional investors own 63.69% 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.