VTEX (NYSE:VTEX) Shares Purchased by Millennium Management LLC

Millennium Management LLC grew its stake in shares of VTEX (NYSE:VTEX - Free Report) by 371.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,599,366 shares of the company's stock after acquiring an additional 2,047,671 shares during the period. Millennium Management LLC owned about 1.41% of VTEX worth $15,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AMS Capital Ltda boosted its position in shares of VTEX by 54.4% in the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock worth $6,605,000 after buying an additional 395,030 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of VTEX in the 4th quarter worth about $1,165,000. Janus Henderson Group PLC boosted its position in shares of VTEX by 33.6% in the 4th quarter. Janus Henderson Group PLC now owns 745,650 shares of the company's stock worth $4,397,000 after buying an additional 187,434 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of VTEX in the 4th quarter worth about $925,000. Finally, Trexquant Investment LP boosted its position in shares of VTEX by 38.3% in the 4th quarter. Trexquant Investment LP now owns 482,556 shares of the company's stock worth $2,842,000 after buying an additional 133,647 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VTEX has been the subject of several analyst reports. Wall Street Zen downgraded shares of VTEX from a "buy" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group initiated coverage on shares of VTEX in a research note on Thursday, May 22nd. They issued a "hold" rating and a $7.30 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of VTEX from $6.50 to $7.50 and gave the company an "overweight" rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $8.13.

VTEX Trading Down 1.0%

Shares of NYSE VTEX traded down $0.07 on Wednesday, reaching $6.47. 83,412 shares of the company traded hands, compared to its average volume of 630,379. VTEX has a fifty-two week low of $4.20 and a fifty-two week high of $8.03. The company has a 50 day moving average of $5.39 and a 200 day moving average of $5.76. The stock has a market capitalization of $1.18 billion, a PE ratio of 107.77 and a beta of 1.29.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The company had revenue of $54.20 million during the quarter, compared to the consensus estimate of $52.81 million. As a group, research analysts expect that VTEX will post 0.08 earnings per share for the current year.

About VTEX

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.