Occudo Quantitative Strategies LP Makes New Investment in VTEX (NYSE:VTEX)

Occudo Quantitative Strategies LP acquired a new position in shares of VTEX (NYSE:VTEX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,719 shares of the company’s stock, valued at approximately $81,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTEX. Bank Julius Baer & Co. Ltd Zurich bought a new position in VTEX during the fourth quarter worth $33,000. Barclays PLC acquired a new stake in shares of VTEX during the third quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of VTEX during the fourth quarter worth $59,000. Graham Capital Management L.P. acquired a new stake in shares of VTEX during the fourth quarter worth $101,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of VTEX by 47.7% during the fourth quarter. Neuberger Berman Group LLC now owns 22,131 shares of the company’s stock worth $130,000 after buying an additional 7,145 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

VTEX Stock Performance

VTEX opened at $6.28 on Monday. VTEX has a fifty-two week low of $4.20 and a fifty-two week high of $8.03. The company has a market capitalization of $1.15 billion, a P/E ratio of 104.60 and a beta of 1.29. The stock has a fifty day moving average of $5.19 and a 200-day moving average of $5.78.

VTEX (NYSE:VTEX) last posted its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $54.20 million during the quarter, compared to the consensus estimate of $52.81 million. VTEX had a return on equity of 3.60% and a net margin of 3.97%. On average, equities research analysts predict that VTEX will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on VTEX from $9.00 to $6.50 and set an “overweight” rating for the company in a report on Tuesday, April 15th.

About VTEX

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.