Dynamo Internacional Gestao DE Recursos LTDA. Sells 1,992,966 Shares of VTEX (NYSE:VTEX)

Dynamo Internacional Gestao DE Recursos LTDA. decreased its stake in shares of VTEX (NYSE:VTEX - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,655,982 shares of the company's stock after selling 1,992,966 shares during the quarter. VTEX comprises 7.0% of Dynamo Internacional Gestao DE Recursos LTDA.'s holdings, making the stock its 4th largest position. Dynamo Internacional Gestao DE Recursos LTDA. owned 1.99% of VTEX worth $21,534,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in VTEX by 245.2% during the 4th quarter. Northern Trust Corp now owns 136,898 shares of the company's stock worth $806,000 after buying an additional 97,239 shares during the period. White Oak Capital Partners Pte. Ltd. purchased a new stake in shares of VTEX during the fourth quarter worth $216,000. Marshall Wace LLP raised its position in VTEX by 2.2% in the 4th quarter. Marshall Wace LLP now owns 511,985 shares of the company's stock valued at $3,016,000 after purchasing an additional 11,042 shares in the last quarter. Walleye Capital LLC acquired a new stake in VTEX in the 4th quarter valued at about $1,165,000. Finally, Neuberger Berman Group LLC boosted its stake in shares of VTEX by 47.7% in the 4th quarter. Neuberger Berman Group LLC now owns 22,131 shares of the company's stock valued at $130,000 after buying an additional 7,145 shares during the period. Institutional investors and hedge funds own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price target on shares of VTEX from $9.00 to $6.50 and set an "overweight" rating for the company in a report on Tuesday, April 15th.

VTEX Stock Up 0.6 %

VTEX stock opened at $5.38 on Wednesday. VTEX has a 52 week low of $4.20 and a 52 week high of $8.24. The company has a market cap of $983.46 million, a price-to-earnings ratio of 89.68 and a beta of 1.30. The business has a fifty day simple moving average of $4.95 and a 200-day simple moving average of $5.87.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.

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