Insider Selling: VTEX (NYSE:VTEX) CEO Sells $19,232.00 in Stock

Key Points

• VTEX CEO Geraldo Thomaz sold 4,808 shares at an average price of $4.00, generating $19,232; he retains 1,136,433 shares. This follows several similar sales since July.
• VTEX shares recently fell 2.5% to $4.08, while the company reported quarterly EPS of $0.06, beating estimates by $0.01, on revenue of $64.39 million.
• Analysts maintain a consensus “Hold” rating with an average price target of $4.69; three analysts rate the stock a Buy and six rate it a Hold.

VTEX (NYSE:VTEX - Get Free Report) CEO Geraldo Thomaz sold 4,808 shares of the company's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $4.00, for a total value of $19,232.00. Following the completion of the sale, the chief executive officer owned 1,136,433 shares of the company's stock, valued at $4,545,732. This represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Carmo Thomaz Junior Geraldo Do also recently made the following trade(s):

• On Monday, August 10th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.05, for a total value of $19,472.40.
• On Monday, August 3rd, Geraldo Thomaz sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.40, for a total value of $21,155.20.
• On Monday, July 27th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total value of $19,280.08.
• On Monday, July 20th, Geraldo Thomaz sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.22, for a total transaction of $20,289.76.

VTEX Trading Down 2.5%

Shares of NYSE:VTEX traded down $0.10 during mid-day trading on Wednesday, reaching $4.08. The stock had a trading volume of 980,696 shares, compared to its average volume of 1,166,434. The firm has a market cap of $694.75 million, a PE ratio of 25.47, a price-to-earnings-growth ratio of 0.50 and a beta of 0.94. The firm has a 50 day simple moving average of $3.72 and a two-hundred day simple moving average of $3.84. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. VTEX has a twelve month low of $2.84 and a twelve month high of $4.62.

VTEX (NYSE:VTEX - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. VTEX had a net margin of 11.98% and a return on equity of 12.98%. The business had revenue of $64.39 million for the quarter, compared to analyst estimates of $64.69 million. On average, research analysts predict that VTEX will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VTEX shares. Itau BBA Securities reissued a "market perform" rating and issued a $4.50 price target on shares of VTEX in a report on Tuesday, August 25th. Bradesco Corretora cut shares of VTEX to a "neutral" rating and set a $4.50 price objective for the company. in a research report on Friday, August 7th. Weiss Ratings downgraded VTEX from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. Morgan Stanley set a $4.00 price objective on VTEX and gave the stock an "equal weight" rating in a research note on Friday, August 28th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $5.10 target price on shares of VTEX in a report on Thursday, August 27th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $4.69.

Institutional Trading of VTEX

A number of large investors have recently bought and sold shares of the business. Summit Securities Group LLC bought a new stake in shares of VTEX during the first quarter worth $29,000. AXQ Capital LP acquired a new stake in shares of VTEX during the second quarter worth $47,000. Corient Private Wealth LP acquired a new stake in shares of VTEX during the second quarter worth $58,000. Public Employees Retirement System of Ohio acquired a new stake in shares of VTEX during the second quarter worth $67,000. Finally, State of Wyoming bought a new stake in VTEX in the 1st quarter valued at $70,000. 63.69% of the stock is owned by institutional investors.

About VTEX

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.

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