VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide Sells 4,808 Shares of Company Stock

VTEX (NYSE:VTEX) CEO Mariano Gomide de Faria sold 4,808 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $4.03, for a total value of $19,376.24. Following the sale, the chief executive officer owned 899,505 shares in the company, valued at approximately $3,625,005.15. This represents a 0.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, October 19th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.10, for a total transaction of $19,712.80.
• On Monday, October 12th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.00, for a total transaction of $19,232.00.
• On Monday, August 10th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.05, for a total transaction of $19,472.40.
• On Monday, August 3rd, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.40, for a total value of $21,155.20.

VTEX Stock Down 1.6%

NYSE:VTEX opened at $3.92 on Wednesday. VTEX has a 12-month low of $2.84 and a 12-month high of $4.60. The firm has a market capitalization of $667.45 million, a price-to-earnings ratio of 24.47 and a beta of 0.94. The stock’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $3.75.

VTEX (NYSE:VTEX) last issued its earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $64.39 million for the quarter, compared to the consensus estimate of $64.69 million. Equities research analysts expect that VTEX will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VTEX. Hsbc Holdings PLC acquired a new stake in shares of VTEX during the first quarter worth $2,302,000. Globeflex Capital L P bought a new stake in shares of VTEX in the first quarter valued at about $1,144,000. Bank of America Corp DE boosted its position in shares of VTEX by 56.0% in the first quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock valued at $2,732,000 after acquiring an additional 245,306 shares during the period. Sei Investments Co. bought a new stake in shares of VTEX in the first quarter valued at about $844,000. Finally, Principal Financial Group Inc. grew its stake in shares of VTEX by 32.2% in the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock valued at $1,321,000 after acquiring an additional 80,460 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VTEX. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.10 price objective on shares of VTEX in a research report on Thursday, August 27th. Morgan Stanley set a $4.00 price objective on shares of VTEX and gave the company an “equal weight” rating in a report on Friday, August 28th. Wall Street Zen lowered shares of VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Itau BBA Securities restated a “market perform” rating and set a $4.50 target price on shares of VTEX in a research note on Tuesday, August 25th. Finally, Bradesco Corretora cut shares of VTEX to a “neutral” rating and set a $4.50 target price for the company. in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, VTEX currently has a consensus rating of “Hold” and an average target price of $4.60.

VTEX Company Profile

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.