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

Millennium Management LLC raised its position in VTEX (NYSE:VTEX - Free Report) by 371.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,599,366 shares of the company's stock after acquiring an additional 2,047,671 shares during the quarter. Millennium Management LLC owned approximately 1.41% of VTEX worth $15,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VTEX. Barclays PLC purchased a new stake in VTEX during the third quarter worth approximately $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of VTEX in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of VTEX in the fourth quarter valued at approximately $59,000. Graham Capital Management L.P. acquired a new position in VTEX during the fourth quarter worth $101,000. Finally, Neuberger Berman Group LLC grew its holdings in VTEX by 47.7% during the fourth quarter. Neuberger Berman Group LLC now owns 22,131 shares of the company's stock worth $130,000 after acquiring an additional 7,145 shares during the period. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on VTEX. Jefferies Financial Group assumed coverage on VTEX in a research report on Thursday. They set a "hold" rating and a $7.30 target price on the stock. JPMorgan Chase & Co. reduced their target price on VTEX from $9.00 to $6.50 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th.

VTEX Price Performance

Shares of VTEX stock opened at $6.21 on Friday. The business's fifty day moving average price is $5.31 and its two-hundred day moving average price is $5.78. The company has a market capitalization of $1.13 billion, a P/E ratio of 103.43 and a beta of 1.29. VTEX has a 1-year low of $4.20 and a 1-year high of $8.03.

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

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