Hsbc Holdings PLC purchased a new position in VTEX (NYSE:VTEX – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 575,392 shares of the company’s stock, valued at approximately $2,302,000.
Other institutional investors have also bought and sold shares of the company. Polar Capital Holdings Plc grew its holdings in VTEX by 11.9% during the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after purchasing an additional 748,712 shares during the period. Millennium Management LLC raised its stake in shares of VTEX by 36.6% in the fourth quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock valued at $7,865,000 after buying an additional 560,828 shares during the period. State Street Corp lifted its position in shares of VTEX by 7.7% during the 4th quarter. State Street Corp now owns 1,590,672 shares of the company’s stock valued at $5,981,000 after buying an additional 114,256 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of VTEX by 524.5% during the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after buying an additional 850,132 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of VTEX during the 3rd quarter worth $4,412,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.
VTEX Price Performance
NYSE:VTEX opened at $3.88 on Friday. VTEX has a 1 year low of $2.84 and a 1 year high of $6.34. The stock’s fifty day moving average price is $3.83 and its two-hundred day moving average price is $3.70. The company has a market cap of $660.65 million, a P/E ratio of 32.29, a P/E/G ratio of 0.54 and a beta of 1.03.
Insider Buying and Selling at VTEX
In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $3.59, for a total value of $57,213.83. Following the sale, the director directly owned 9,965 shares of the company’s stock, valued at approximately $35,774.35. This represents a 61.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 75,133 shares of company stock worth $294,417 in the last quarter. Corporate insiders own 40.93% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on VTEX. UBS Group lifted their price objective on VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Finally, Weiss Ratings upgraded shares of VTEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.18.
View Our Latest Stock Report on VTEX
VTEX Company Profile
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.
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