Main Management ETF Advisors LLC Sells 10,624 Shares of VTEX (NYSE:VTEX)

Main Management ETF Advisors LLC cut its stake in shares of VTEX (NYSE:VTEX) by 8.2% during the 4th quarter, Holdings Channel reports. The fund owned 118,192 shares of the company’s stock after selling 10,624 shares during the period. Main Management ETF Advisors LLC’s holdings in VTEX were worth $696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VTEX. Barclays PLC bought a new position in VTEX during the third quarter worth $35,000. JPMorgan Chase & Co. boosted its stake in VTEX by 31.3% during the third quarter. JPMorgan Chase & Co. now owns 490,234 shares of the company’s stock worth $3,647,000 after acquiring an additional 116,895 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new position in VTEX during the fourth quarter worth $412,000. AMS Capital Ltda boosted its stake in VTEX by 54.4% during the fourth quarter. AMS Capital Ltda now owns 1,121,473 shares of the company’s stock worth $6,605,000 after acquiring an additional 395,030 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in VTEX by 16.8% during the fourth quarter. New York State Common Retirement Fund now owns 104,151 shares of the company’s stock worth $613,000 after buying an additional 14,986 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on shares of VTEX from $9.00 to $6.50 and set an “overweight” rating on the stock in a report on Tuesday, April 15th.

VTEX Trading Down 2.2%

VTEX opened at $6.37 on Thursday. The company’s fifty day moving average price is $5.11 and its two-hundred day moving average price is $5.80. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 106.18 and a beta of 1.29. VTEX has a 1-year low of $4.20 and a 1-year high of $8.03.

VTEX (NYSE:VTEX) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $54.20 million during the quarter, compared to the consensus estimate of $52.81 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. As a group, equities analysts forecast that VTEX will post 0.08 earnings per share for the current fiscal year.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.