DLocal Limited (NASDAQ:DLO – Get 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.
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
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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