VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco Sells 11,994 Shares

VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco sold 11,994 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $3.67, for a total value of $44,017.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

VTEX Stock Down 1.2%

NYSE VTEX opened at $3.62 on Wednesday. The stock has a market capitalization of $616.32 million, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 0.51 and a beta of 1.02. VTEX has a 52 week low of $2.84 and a 52 week high of $4.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The stock has a fifty day moving average of $3.98 and a 200-day moving average of $3.80.

VTEX (NYSE:VTEX) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $64.39 million for the quarter, compared to analyst estimates of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. On average, equities research analysts forecast that VTEX will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

VTEX has been the topic of several recent research reports. Weiss Ratings lowered shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Itau BBA Securities restated a “market perform” rating and issued a $4.50 price objective on shares of VTEX in a report on Tuesday. UBS Group raised their price objective on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Bradesco Corretora lowered shares of VTEX to a “neutral” rating and set a $4.50 target price for the company. in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, VTEX currently has a consensus rating of “Hold” and an average price target of $4.99.

Hedge Funds Weigh In On VTEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Polar Capital Holdings Plc increased its stake in shares of VTEX by 11.9% in the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after acquiring an additional 748,712 shares during the last quarter. Millennium Management LLC grew its holdings in VTEX by 36.6% during the fourth quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock valued at $7,865,000 after purchasing an additional 560,828 shares during the period. State Street Corp increased its stake in VTEX by 7.7% in the fourth quarter. State Street Corp now owns 1,590,672 shares of the company’s stock valued at $5,981,000 after purchasing an additional 114,256 shares in the last quarter. Citadel Advisors LLC increased its stake in VTEX by 524.5% in the third 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in VTEX in the third 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.