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

Key Points

• DLocal director Sebastian Kanovich sold 72,753 shares at an average price of $15.54, generating approximately $1.13 million. The Rule 10b5-1 transaction reduced his direct ownership by 93.93%, leaving him with 4,700 shares.
• DLocal’s latest quarterly results exceeded expectations, with earnings of $0.17 per share and revenue of $335.86 million, up 54.9% year over year. The company reported a 15.85% net margin and 41.22% return on equity.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $17.75. The stock recently traded at $14.11, while institutional investors own approximately 90.13% of the shares.

DLocal Limited (NASDAQ:DLO - Get Free Report) Director Sebastian Kanovich sold 72,753 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $15.54, for a total value of $1,130,581.62. Following the transaction, the director directly owned 4,700 shares of the company's stock, valued at $73,038. This trade represents a 93.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 shares were sold at an average price of $15.50, for a total transaction of $398,350.00.
• On Wednesday, July 1st, Sebastian Kanovich sold 1,000,000 shares of DLocal stock. The stock was sold at an average price of $14.63, for a total value of $14,630,000.00.

DLocal Price Performance

NASDAQ DLO traded down $0.26 during trading on Tuesday, reaching $14.11. 1,740,024 shares of the company's stock were exchanged, compared to its average volume of 1,614,535. The business has a 50 day moving average price of $13.76 and a 200-day moving average price of $13.10. The stock has a market capitalization of $4.16 billion, a P/E ratio of 22.40 and a beta of 0.97. DLocal Limited has a fifty-two week low of $10.52 and a fifty-two week high of $16.78.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The company had revenue of $335.86 million during the quarter, compared to analysts' expectations of $331.20 million. During the same period last year, the firm posted $0.15 earnings per share. The business's revenue was up 54.9% on a year-over-year basis. On average, analysts forecast that DLocal Limited will post 0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of DLocal from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, July 24th. UBS Group raised shares of DLocal from a "neutral" rating to a "buy" rating and increased their price target for the company from $16.00 to $20.00 in a report on Wednesday, July 1st. Weiss Ratings restated a "hold (c)" rating on shares of DLocal in a report on Friday, July 17th. The Goldman Sachs Group upped their target price on DLocal from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Wall Street Zen cut DLocal from a "buy" rating to a "hold" rating in a report on Monday, May 18th. One equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $17.75.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of DLocal by 0.3% in the 1st quarter. Bank of America Corp DE now owns 4,073,358 shares of the company's stock valued at $52,831,000 after purchasing an additional 13,536 shares during the last quarter. Parvin Asset Management LLC boosted its stake in shares of DLocal by 51.0% in the 1st quarter. Parvin Asset Management LLC now owns 7,400 shares of the company's stock valued at $96,000 after purchasing an additional 2,500 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of DLocal during the 1st quarter valued at approximately $1,324,000. Absolute Gestao de Investimentos Ltda. acquired a new position in DLocal during the 1st quarter worth approximately $11,623,000. Finally, OMERS ADMINISTRATION Corp bought a new position in DLocal in the 1st quarter valued at approximately $348,000. 90.13% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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