Renaissance Technologies LLC Sells 240,900 Shares of VTEX $VTEX

Key Points

• Renaissance Technologies reduced its VTEX stake by 25.2% in the first quarter, selling 240,900 shares and retaining 713,900 shares valued at approximately $2.86 million. Institutional investors collectively own 63.69% of the company.
• VTEX reported quarterly earnings of $0.06 per share, exceeding the $0.05 consensus estimate, while revenue of $64.39 million came in slightly below expectations.
• Analyst sentiment remains mixed, with VTEX carrying a consensus “Hold” rating and an average price target of $5.07, compared with its reported market price of $4.18.

Renaissance Technologies LLC trimmed its stake in VTEX (NYSE:VTEX - Free Report) by 25.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 713,900 shares of the company's stock after selling 240,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.42% of VTEX worth $2,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of VTEX. Summit Securities Group LLC bought a new stake in shares of VTEX in the 1st quarter worth approximately $29,000. ProShare Advisors LLC bought a new position in VTEX during the fourth quarter valued at $39,000. Aquatic Capital Management LLC purchased a new stake in VTEX in the third quarter worth $41,000. Ieq Capital LLC purchased a new stake in VTEX in the fourth quarter worth $41,000. Finally, nVerses Capital LLC bought a new stake in shares of VTEX in the fourth quarter valued at $49,000. 63.69% of the stock is owned by institutional investors.

Insider Activity at VTEX

In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.59, for a total value of $57,213.83. Following the completion of the transaction, the director directly owned 9,965 shares in the company, valued at approximately $35,774.35. This trade represents a 61.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 84,749 shares of company stock valued at $338,747 in the last three months. 40.93% of the stock is currently owned by company insiders.

VTEX Stock Performance

NYSE:VTEX opened at $4.18 on Monday. The business's fifty day moving average is $3.97 and its 200 day moving average is $3.76. The firm has a market cap of $712.48 million, a price-to-earnings ratio of 26.12, a PEG ratio of 0.58 and a beta of 1.02. 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 has a 52-week low of $2.84 and a 52-week high of $4.91.

VTEX (NYSE:VTEX - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $64.39 million during the quarter, compared to the consensus estimate of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Research analysts predict that VTEX will post 0.19 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on VTEX. UBS Group increased their price target on VTEX from $4.00 to $4.10 and gave the stock a "neutral" rating in a research note on Friday, May 8th. Weiss Ratings cut VTEX from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. Bradesco Corretora downgraded shares of VTEX to a "neutral" rating and set a $4.50 price objective on the stock. in a report on Friday. Finally, Wall Street Zen upgraded shares of VTEX from a "buy" rating to a "strong-buy" rating in a research report on Sunday, April 12th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.07.

About VTEX

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company's API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.

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