DLocal (NASDAQ:DLO) Director Sebastian Kanovich Sells 72,753 Shares

DLocal Limited (NASDAQ:DLOGet Free Report) Director Sebastian Kanovich sold 72,753 shares of DLocal stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $15.54, for a total transaction of $1,130,581.62. Following the transaction, the director directly owned 4,700 shares in the company, valued at $73,038. This trade represents a 93.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sebastian Kanovich also recently made the following trade(s):

  • On Tuesday, August 4th, Sebastian Kanovich sold 4,700 shares of DLocal stock. The stock was sold at an average price of $15.50, for a total value of $72,850.00.
  • On Tuesday, July 7th, Sebastian Kanovich sold 25,700 shares of DLocal stock. The stock was sold at an average price of $15.50, for a total transaction of $398,350.00.
  • On Wednesday, July 1st, Sebastian Kanovich sold 1,000,000 shares of DLocal stock. The shares were sold at an average price of $14.63, for a total value of $14,630,000.00.

DLocal Stock Down 1.8%

NASDAQ:DLO opened at $14.11 on Wednesday. The company has a fifty day simple moving average of $13.76 and a two-hundred day simple moving average of $13.10. DLocal Limited has a 52 week low of $10.52 and a 52 week high of $16.78. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 22.40 and a beta of 0.97.

DLocal (NASDAQ:DLOGet Free Report) last posted its earnings results on Thursday, May 14th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $335.86 million for the quarter, compared to the consensus estimate of $331.20 million. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The company’s revenue was up 54.9% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. On average, analysts expect that DLocal Limited will post 0.82 EPS for the current year.

Hedge Funds Weigh In On DLocal

Large investors have recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in shares of DLocal in the third quarter valued at about $26,000. Caitong International Asset Management Co. Ltd raised its holdings in DLocal by 114.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after purchasing an additional 975 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in DLocal during the fourth quarter worth about $40,000. Banque Cantonale Vaudoise acquired a new stake in DLocal in the first quarter valued at about $42,000. Finally, Kestra Advisory Services LLC acquired a new stake in DLocal in the fourth quarter valued at about $95,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Analyst Ratings Changes

DLO has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price objective on shares of DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Truist Financial increased their target price on shares of DLocal from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Wall Street Zen cut DLocal from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a research note on Friday, July 17th. Finally, UBS Group raised DLocal from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $16.00 to $20.00 in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $17.75.

Check Out Our Latest Stock Report on DLocal

About DLocal

(Get Free Report)

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.

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