DLocal (NASDAQ:DLO) Director Sells $72,850.00 in Stock

Key Points

• Director Sebastian Kanovich sold 4,700 DLocal shares at an average price of $15.50, generating $72,850 and reducing his ownership by 50%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• DLocal reported quarterly revenue of $335.86 million, up 54.9% year over year, and earnings of $0.17 per share, exceeding analysts’ estimates.
• Analysts maintain a generally positive outlook, with the stock receiving an average “Buy” rating and an average price target of $17.75, compared with a recent trading price of $14.11.

DLocal Limited (NASDAQ:DLO - Get Free Report) Director Sebastian Kanovich sold 4,700 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $15.50, for a total transaction of $72,850.00. Following the transaction, the director owned 4,700 shares in the company, valued at approximately $72,850. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sebastian Kanovich also recently made the following trade(s):

• On Wednesday, August 5th, Sebastian Kanovich sold 72,753 shares of DLocal stock. The stock was sold at an average price of $15.54, for a total transaction of $1,130,581.62.
• 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 transaction 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

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 company's fifty day moving average price is $13.76 and its 200-day moving average price is $13.10. DLocal Limited has a fifty-two week low of $10.52 and a fifty-two week high of $16.78. The firm has a market capitalization of $4.16 billion, a PE ratio of 22.40 and a beta of 0.97.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.17 earnings per share 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 for the quarter, compared to the consensus estimate of $331.20 million. During the same quarter in the prior year, the business posted $0.15 EPS. The firm's quarterly revenue was up 54.9% on a year-over-year basis. Research analysts forecast that DLocal Limited will post 0.82 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Hedge funds and other institutional investors have recently modified their holdings of the company. Hussman Strategic Advisors Inc. acquired a new stake in DLocal in the 4th quarter valued at approximately $2,969,000. Hsbc Holdings PLC acquired a new position in DLocal during the 1st quarter worth approximately $18,037,000. Baillie Gifford & Co. grew its stake in shares of DLocal by 12.2% during the 4th quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company's stock worth $42,373,000 after acquiring an additional 326,537 shares in the last quarter. Maxi Investments CY Ltd grew its stake in shares of DLocal by 92.0% during the 4th quarter. Maxi Investments CY Ltd now owns 167,000 shares of the company's stock worth $2,361,000 after acquiring an additional 80,000 shares in the last quarter. Finally, Paradice Investment Management LLC raised its holdings in shares of DLocal by 93.5% in the fourth quarter. Paradice Investment Management LLC now owns 1,943,360 shares of the company's stock valued at $27,479,000 after purchasing an additional 938,938 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DLO. Weiss Ratings restated a "hold (c)" rating on shares of DLocal in a research report on Friday, July 17th. Truist Financial boosted their price objective on shares of DLocal from $15.00 to $17.00 and gave the company a "buy" rating in a report on Friday, July 24th. Wall Street Zen downgraded shares of DLocal from a "buy" rating to a "hold" rating in a research note on Monday, May 18th. The Goldman Sachs Group increased their target price on shares of DLocal from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, UBS Group raised shares of DLocal from a "neutral" rating to a "buy" rating and boosted their price target for the company from $16.00 to $20.00 in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $17.75.

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.

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