Key Points
- VTEX insider André Spolidoro Ferreira Gomes sold 3,000 shares at an average price of $4.19, generating $12,570. After the transaction, he retained 302,831 shares, a 0.98% reduction in ownership.
- The sale follows two earlier transactions in August totaling 18,000 shares, indicating continued insider selling.
- VTEX recently exceeded quarterly EPS expectations, reporting $0.06 versus the $0.05 consensus, while analysts maintain a consensus “Hold” rating with an average price target of $4.60.
VTEX (NYSE:VTEX - Get Free Report) insider André Spolidoro sold 3,000 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $4.19, for a total value of $12,570.00. Following the completion of the sale, the insider owned 302,831 shares of the company's stock, valued at approximately $1,268,861.89. This represents a 0.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Andre Spolidoro Ferreira Gomes also recently made the following trade(s):
- On Monday, August 17th, André Spolidoro sold 3,000 shares of VTEX stock. The shares were sold at an average price of $3.57, for a total value of $10,710.00.
- On Monday, August 10th, André Spolidoro sold 15,000 shares of VTEX stock. The stock was sold at an average price of $4.04, for a total value of $60,600.00.
VTEX Price Performance
Shares of NYSE VTEX opened at $4.21 on Wednesday. VTEX has a 1-year low of $2.84 and a 1-year high of $4.62. The business has a 50-day moving average of $3.73 and a 200-day moving average of $3.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The company has a market capitalization of $716.91 million, a price-to-earnings ratio of 26.28, a PEG ratio of 0.52 and a beta of 0.94.
VTEX (NYSE:VTEX - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. VTEX had a return on equity of 12.98% and a net margin of 11.98%. The business had revenue of $64.39 million during the quarter, compared to analyst estimates of $64.69 million. On average, equities analysts anticipate that VTEX will post 0.21 EPS for the current fiscal year.
Hedge Funds Weigh In On VTEX
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new stake in shares of VTEX during the first quarter valued at about $2,302,000. Globeflex Capital L P purchased a new stake in shares of VTEX during the first quarter worth about $1,144,000. Bank of America Corp DE increased its position in shares of VTEX by 56.0% during the first quarter. Bank of America Corp DE now owns 683,062 shares of the company's stock worth $2,732,000 after acquiring an additional 245,306 shares during the last quarter. Sei Investments Co. acquired a new position in shares of VTEX in the first quarter worth about $844,000. Finally, Principal Financial Group Inc. lifted its stake in shares of VTEX by 32.2% in the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company's stock worth $1,321,000 after acquiring an additional 80,460 shares in the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on VTEX. Bradesco Corretora cut VTEX to a "neutral" rating and set a $4.50 price target for the company. in a report on Friday, August 7th. Weiss Ratings downgraded shares of VTEX from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Jefferies Financial Group reiterated a "buy" rating and set a $5.10 price objective on shares of VTEX in a research note on Thursday, August 27th. Morgan Stanley set a $4.00 target price on shares of VTEX and gave the stock an "equal weight" rating in a research report on Friday, August 28th. Finally, Itau BBA Securities reissued a "market perform" rating and set a $4.50 target price on shares of VTEX in a research report on Tuesday, August 25th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $4.60.
Check Out Our Latest Report on VTEX
VTEX Company Profile
(
Get Free Report)
VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.
The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.
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