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

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 72,753 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were 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 of the company’s stock, valued at $73,038. The trade was a 93.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 value 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 transaction of $14,630,000.00.

DLocal Stock Performance

Shares of NASDAQ DLO traded down $0.26 during midday trading on Tuesday, reaching $14.11. The stock had a trading volume of 1,740,024 shares, compared to its average volume of 1,614,535. The company’s 50 day moving average price is $13.76 and its 200 day moving average price is $13.10. DLocal Limited has a twelve month low of $10.52 and a twelve month high of $16.78. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 22.40 and a beta of 0.97.

DLocal (NASDAQ:DLO) last announced its earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The business had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. During the same quarter last year, the firm earned $0.15 earnings per share. DLocal’s quarterly revenue was up 54.9% on a year-over-year basis. Equities analysts forecast that DLocal Limited will post 0.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of DLocal

A number of hedge funds and other institutional investors have recently bought and sold shares of DLO. Caitong International Asset Management Co. Ltd lifted its stake in shares of DLocal by 114.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock valued at $26,000 after buying an additional 975 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of DLocal by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock worth $1,618,000 after acquiring an additional 1,130 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of DLocal by 2.7% in the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after acquiring an additional 1,281 shares during the last quarter. Osaic Holdings Inc. lifted its position in DLocal by 17.1% in the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock valued at $103,000 after acquiring an additional 1,329 shares in the last quarter. Finally, Lane Generational LLC lifted its position in DLocal by 0.4% in the 4th quarter. Lane Generational LLC now owns 507,257 shares of the company’s stock valued at $7,173,000 after acquiring an additional 1,811 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

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.