VTEX (NYSE:VTEX) CEO Sells $19,664.72 in Stock

VTEX (NYSE:VTEX) CEO Geraldo Thomaz sold 4,808 shares of VTEX stock in a transaction on Monday, October 19th. The shares were sold at an average price of $4.09, for a total value of $19,664.72. Following the completion of the sale, the chief executive officer directly owned 1,131,625 shares of the company’s stock, valued at $4,628,346.25. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Carmo Thomaz Junior Geraldo Do also recently made the following trade(s):

• On Monday, October 12th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.00, for a total value of $19,232.00.
• On Monday, August 10th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.05, for a total value of $19,472.40.
• On Monday, August 3rd, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.40, for a total value of $21,155.20.
• On Monday, July 27th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total value of $19,280.08.

VTEX Price Performance

VTEX stock opened at $4.17 on Friday. The business’s 50-day simple moving average is $3.74 and its 200 day simple moving average is $3.85. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. The stock has a market cap of $710.09 million, a price-to-earnings ratio of 26.03, a P/E/G ratio of 0.52 and a beta of 0.94. VTEX has a 12-month low of $2.84 and a 12-month high of $4.62.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. As a group, research analysts anticipate that VTEX will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VTEX. Bank of America Corp DE grew its stake 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 purchasing an additional 245,306 shares during the period. Hsbc Holdings PLC bought a new stake in VTEX in the first quarter valued at about $2,302,000. Principal Financial Group Inc. increased its holdings in VTEX by 32.2% in the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock valued at $1,321,000 after purchasing an additional 80,460 shares during the last quarter. Globeflex Capital L P acquired a new position in VTEX in the first quarter valued at about $1,144,000. Finally, Sei Investments Co. acquired a new position in VTEX in the first quarter valued at about $844,000. 63.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VTEX shares. Itau BBA Securities reiterated a “market perform” rating and set a $4.50 price target on shares of VTEX in a research report on Tuesday, August 25th. Weiss Ratings downgraded shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Bradesco Corretora lowered shares of VTEX to a “neutral” rating and set a $4.50 price objective on the stock. in a report on Friday, August 7th. Morgan Stanley set a $4.00 price objective on shares of VTEX and gave the company an “equal weight” rating in a report on Friday, August 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.10 price objective on shares of VTEX in a research note on Thursday, August 27th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.60.

About VTEX

VTEX (NYSE: VTEX) is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company’s offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.