Cresset Asset Management LLC Trims Stock Holdings in VTEX (NYSE:VTEX)

Cresset Asset Management LLC lowered its holdings in VTEX (NYSE:VTEX) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,870 shares of the company’s stock after selling 5,196 shares during the period. Cresset Asset Management LLC’s holdings in VTEX were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VTEX. Cubist Systematic Strategies LLC raised its holdings in VTEX by 18.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 165,381 shares of the company’s stock valued at $974,000 after acquiring an additional 26,174 shares during the period. BW Gestao de Investimentos Ltda. purchased a new position in shares of VTEX in the fourth quarter valued at $314,000. Bank of America Corp DE raised its stake in shares of VTEX by 279.3% during the 4th quarter. Bank of America Corp DE now owns 80,068 shares of the company’s stock valued at $472,000 after purchasing an additional 58,958 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of VTEX during the 4th quarter valued at $248,000. Finally, Dynamo Administracao de Recursos Ltda. lifted its holdings in VTEX by 216.5% during the 4th quarter. Dynamo Administracao de Recursos Ltda. now owns 125,120 shares of the company’s stock worth $737,000 after purchasing an additional 85,589 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

VTEX Price Performance

NYSE VTEX opened at $6.28 on Friday. The company’s 50 day simple moving average is $5.19 and its two-hundred day simple moving average is $5.79. VTEX has a 1 year low of $4.20 and a 1 year high of $8.03. The stock has a market capitalization of $1.15 billion, a PE ratio of 104.60 and a beta of 1.29.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. VTEX had a return on equity of 3.60% and a net margin of 3.97%. The company had revenue of $54.20 million for the quarter, compared to the consensus estimate of $52.81 million. On average, research analysts anticipate that VTEX will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their target price on VTEX from $9.00 to $6.50 and set an “overweight” rating for the company in a report on Tuesday, April 15th.

About VTEX

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.