VTEX (NYSE:VTEX) CEO Sells $19,376.24 in Stock

Key Points

• VTEX CEO Mariano Gomide de Faria sold 4,808 shares on October 26 at an average price of $4.03, generating $19,376.24. He retained 899,505 shares, reducing his position by 0.53%.
• VTEX shares traded at $3.94, with a market capitalization of approximately $670.9 million; the stock has ranged from $2.84 to $4.60 over the past year.
• Analysts have a consensus “Hold” rating and an average price target of $4.60, while the company’s latest quarterly EPS of $0.06 exceeded estimates by $0.01.

VTEX (NYSE:VTEX - Get Free Report) CEO Mariano Gomide de Faria sold 4,808 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $4.03, for a total transaction of $19,376.24. Following the completion of the sale, the chief executive officer owned 899,505 shares of the company's stock, valued at approximately $3,625,005.15. The trade was a 0.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

De Faria Mariano Gomide also recently made the following trade(s):

• On Monday, October 19th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.10, for a total transaction of $19,712.80.
• On Monday, October 12th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.00, for a total transaction of $19,232.00.
• On Monday, August 10th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.05, for a total transaction of $19,472.40.
• On Monday, August 3rd, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.40, for a total value of $21,155.20.

VTEX Stock Performance

VTEX stock traded down $0.04 during midday trading on Tuesday, reaching $3.94. 510,952 shares of the company were exchanged, compared to its average volume of 1,146,638. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market capitalization of $670.88 million, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 0.52 and a beta of 0.94. VTEX has a one year low of $2.84 and a one year high of $4.60. The business has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $3.75.

VTEX (NYSE:VTEX - Get Free Report) last released its earnings results on Friday, August 7th. 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 analysts' expectations of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Equities research analysts forecast that VTEX will post 0.21 EPS for the current year.

Hedge Funds Weigh In On VTEX

Several large investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of VTEX by 56.0% during the first quarter. Bank of America Corp DE now owns 683,062 shares of the company's stock valued at $2,732,000 after acquiring an additional 245,306 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in VTEX during the first quarter worth about $2,302,000. Principal Financial Group Inc. increased its stake in VTEX by 32.2% during the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company's stock worth $1,321,000 after buying an additional 80,460 shares during the period. Globeflex Capital L P acquired a new position in shares of VTEX in the first quarter worth $1,144,000. Finally, Sei Investments Co. purchased a new stake in VTEX during the 1st quarter worth about $844,000. Institutional investors and hedge funds own 63.69% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on VTEX. Wall Street Zen lowered VTEX from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 11th. Weiss Ratings cut 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 target on shares of VTEX and gave the company an "equal weight" rating in a research report on Friday, August 28th. Jefferies Financial Group reaffirmed a "buy" rating and set a $5.10 target price on shares of VTEX in a research note on Thursday, August 27th. Finally, Bradesco Corretora downgraded shares of VTEX to a "neutral" rating and set a $4.50 target price on the stock. in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, VTEX presently has a consensus rating of "Hold" and an average target price of $4.60.

About VTEX

VTEX NYSE: VTEX is a global digital commerce technology company that provides software for businesses to create, operate and expand online sales channels. Its platform supports business-to-consumer, business-to-business and marketplace commerce, helping companies manage digital storefronts, catalogs, pricing, promotions, payments and customer experiences.

The company's offerings include commerce management, an order management system, marketplace capabilities and tools designed to support headless and omnichannel retail strategies.

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