VTEX (NYSE:VTEX) Insider Andre Spolidoro Ferreira Gomes Sells 3,000 Shares of Stock

VTEX (NYSE:VTEX) insider André Spolidoro sold 3,000 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $4.19, for a total value of $12,570.00. Following the completion of the transaction, the insider owned 302,831 shares of the company’s stock, valued at $1,268,861.89. This trade represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Andre Spolidoro Ferreira Gomes also recently made the following trade(s):

• On Monday, August 17th, André Spolidoro sold 3,000 shares of VTEX stock. The stock was sold at an average price of $3.57, for a total value of $10,710.00.
• On Monday, August 10th, André Spolidoro sold 15,000 shares of VTEX stock. The stock was sold at an average price of $4.04, for a total value of $60,600.00.

VTEX Price Performance

VTEX stock opened at $4.21 on Wednesday. The stock has a market capitalization of $716.91 million, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 0.52 and a beta of 0.94. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. VTEX has a 52-week low of $2.84 and a 52-week high of $4.62. The stock’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $3.85.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new position in VTEX during the first quarter valued at approximately $2,302,000. Globeflex Capital L P purchased a new stake in VTEX during the first quarter worth approximately $1,144,000. Bank of America Corp DE increased 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 worth $2,732,000 after acquiring an additional 245,306 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of VTEX in the first quarter worth $844,000. Finally, Principal Financial Group Inc. increased its position 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 worth $1,321,000 after acquiring an additional 80,460 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

VTEX Company Profile

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.