VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco Sells 11,994 Shares of Stock

VTEX (NYSE:VTEXGet Free Report) Director Alejandro Raul Scannapieco sold 11,994 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $3.67, for a total value of $44,017.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

VTEX Stock Down 1.2%

Shares of VTEX stock traded down $0.04 during trading hours on Tuesday, reaching $3.62. The company had a trading volume of 502,526 shares, compared to its average volume of 1,253,024. The company has a market capitalization of $616.32 million, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 0.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. VTEX has a twelve month low of $2.84 and a twelve month high of $4.73. The stock’s fifty day simple moving average is $3.98 and its 200 day simple moving average is $3.79.

VTEX (NYSE:VTEXGet Free Report) last released its quarterly 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. VTEX had a return on equity of 12.98% and a net margin of 11.98%.The firm had revenue of $64.39 million for the quarter, compared to analyst estimates of $64.69 million. As a group, sell-side analysts expect that VTEX will post 0.19 earnings per share for the current fiscal year.

Institutional Trading of VTEX

Several institutional investors and hedge funds have recently bought and sold shares of VTEX. Millennium Management LLC raised its holdings in shares of VTEX by 202.5% during the third quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock worth $6,706,000 after purchasing an additional 1,024,911 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of VTEX in the 3rd quarter valued at about $4,412,000. Citadel Advisors LLC boosted its holdings in shares of VTEX by 524.5% in 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 period. Polar Capital Holdings Plc raised its stake in VTEX by 11.9% during the third quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock worth $30,809,000 after acquiring an additional 748,712 shares during the period. Finally, BW Gestao de Investimentos Ltda. lifted its holdings in VTEX by 1,301.0% in the second quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock worth $4,929,000 after acquiring an additional 693,457 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Itau BBA Securities restated a “market perform” rating and set a $4.50 price objective on shares of VTEX in a research note on Tuesday. UBS Group upped their price target on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings downgraded shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, Bradesco Corretora lowered shares of VTEX to a “neutral” rating and set a $4.50 price objective for the company. in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, VTEX currently has a consensus rating of “Hold” and an average price target of $4.99.

Read Our Latest Research Report on VTEX

About VTEX

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for VTEX (NYSE:VTEX)

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