VTEX (NYSE:VTEX) CEO Sells $19,424.32 in Stock

VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide sold 4,808 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $4.04, for a total value of $19,424.32. Following the sale, the chief executive officer owned 1,062,777 shares in the company, valued at $4,293,619.08. The trade was a 0.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

De Faria Mariano Gomide also recently made the following trade(s):

• On Friday, June 26th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.00, for a total value of $19,232.00.
• On Monday, June 1st, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.00, for a total value of $19,232.00.
• On Thursday, May 7th, De Faria Mariano Gomide 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.
• On Monday, April 27th, De Faria Mariano Gomide 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.
• On Monday, April 20th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.16, for a total transaction of $20,001.28.
• On Monday, April 13th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.03, for a total transaction of $19,376.24.
• On Monday, April 6th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total transaction of $19,424.32.

VTEX Stock Performance

Shares of NYSE:VTEX opened at $4.14 on Friday. VTEX has a 52-week low of $2.84 and a 52-week high of $6.82. The company has a market capitalization of $706.66 million, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. The company has a 50-day simple moving average of $3.74 and a 200 day simple moving average of $3.66.

VTEX (NYSE:VTEX) last announced its quarterly 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 for the quarter, compared to analyst estimates of $60.65 million. As a group, equities analysts forecast that VTEX will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

Several hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in shares of VTEX by 202.5% in the third quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock worth $6,706,000 after acquiring an additional 1,024,911 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in VTEX in the third quarter valued at approximately $4,412,000. Citadel Advisors LLC increased its position in VTEX by 524.5% during the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after purchasing an additional 850,132 shares during the period. Polar Capital Holdings Plc increased its position in VTEX by 11.9% during the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after purchasing an additional 748,712 shares during the period. Finally, BW Gestao de Investimentos Ltda. raised its holdings in VTEX by 1,301.0% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock worth $4,929,000 after purchasing an additional 693,457 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VTEX shares. UBS Group upped their price target on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Finally, Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, VTEX currently has an average rating of “Moderate Buy” and a consensus target price of $5.18.

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.