VTEX (NYSE:VTEX) Stock: Insider De Faria Mariano Gomide Sells 4,808 Shares

VTEX (NYSE:VTEX) CEO Mariano Gomide de Faria sold 4,808 shares of VTEX stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $4.00, for a total transaction of $19,232.00. Following the completion of the transaction, the chief executive officer directly owned 894,697 shares of the company’s stock, valued at $3,578,788. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

De Faria Mariano Gomide also recently made the following trade(s):

• On Monday, October 26th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.03, for a total transaction of $19,376.24.
• On Monday, October 19th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.10, for a total value of $19,712.80.
• On Monday, October 12th, Mariano Gomide de Faria 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, Mariano Gomide de Faria 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.

VTEX Price Performance

NYSE VTEX opened at $4.16 on Thursday. VTEX has a one year low of $2.84 and a one year high of $4.60. The stock has a 50-day moving average of $3.81 and a 200 day moving average of $3.77. The company has a market capitalization of $708.39 million, a price-to-earnings ratio of 25.97, a PEG ratio of 0.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91.

VTEX (NYSE:VTEX) last posted its earnings results on Friday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The business had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. On average, sell-side analysts forecast that VTEX will post 0.21 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on VTEX shares. Morgan Stanley cut VTEX from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective for the company. in a research report on Friday, August 28th. Wall Street Zen cut VTEX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Itau BBA Securities lowered shares of VTEX from an “outperform” rating to a “market perform” rating and set a $4.50 price target for the company. in a research report on Tuesday, August 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $5.10 price target on shares of VTEX in a research report on Thursday, August 27th. Finally, Bradesco Corretora cut shares of VTEX to a “neutral” rating and set a $4.50 target price on the stock. in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in VTEX in the first quarter worth $29,000. Kapitalo Investimentos Ltda bought a new position in shares of VTEX during the 3rd quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC bought a new position in shares of VTEX during the 3rd quarter valued at approximately $38,000. AXQ Capital LP bought a new stake in shares of VTEX in the 2nd quarter worth about $47,000. Finally, Corient Private Wealth LP bought a new stake in shares of VTEX in the 2nd quarter worth about $58,000. 63.69% of the stock is currently owned by institutional investors.

VTEX Company Profile

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.