DLocal (NASDAQ:DLO) Director Sebastian Kanovich Sells 25,700 Shares of Stock

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 25,700 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $15.50, for a total value of $398,350.00. Following the completion of the sale, the director directly owned 25,700 shares of the company’s stock, valued at $398,350. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sebastian Kanovich also recently made the following trade(s):

• On Wednesday, July 1st, Sebastian Kanovich sold 1,000,000 shares of DLocal stock. The stock was sold at an average price of $14.63, for a total transaction of $14,630,000.00.

DLocal Price Performance

Shares of NASDAQ DLO traded down $0.13 during trading on Thursday, hitting $14.36. The stock had a trading volume of 318,414 shares, compared to its average volume of 2,021,791. The firm has a fifty day moving average of $12.69 and a two-hundred day moving average of $13.02. The company has a market capitalization of $4.24 billion, a PE ratio of 22.90 and a beta of 0.97. DLocal Limited has a 12 month low of $9.81 and a 12 month high of $16.78.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The company had revenue of $335.86 million for the quarter, compared to analyst estimates of $331.20 million. During the same period last year, the firm earned $0.15 earnings per share. The firm’s revenue was up 54.9% on a year-over-year basis. On average, equities analysts expect that DLocal Limited will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DLocal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its stake in DLocal by 114.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after acquiring an additional 975 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of DLocal by 0.8% during the second quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock worth $1,618,000 after purchasing an additional 1,130 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of DLocal by 2.7% during the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after purchasing an additional 1,281 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of DLocal by 17.1% in the second quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock worth $103,000 after purchasing an additional 1,329 shares during the last quarter. Finally, Lane Generational LLC raised its stake in DLocal by 0.4% in the fourth quarter. Lane Generational LLC now owns 507,257 shares of the company’s stock valued at $7,173,000 after purchasing an additional 1,811 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DLO shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $17.00 target price on shares of DLocal in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research report on Monday, April 20th. Wall Street Zen downgraded DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $20.00 in a research note on Wednesday, July 1st. Finally, Truist Financial lowered their price objective on shares of DLocal from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $17.25.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.