VTEX (NYSE:VTEX) Director Francisco Alvarez-Demalde Sells 198,640 Shares of Stock

Key Points

• Director Francisco Alvarez-Demalde sold 198,640 VTEX shares at an average of $3.90, for about $774,696. The transaction cut his direct ownership by 50%.
• VTEX reported quarterly EPS of $0.02, below the $0.05 consensus estimate, while revenue of $63.38 million slightly exceeded forecasts of $63.19 million.
• Analysts have an overall Hold rating on the stock, with an average price target of $4.53.

VTEX (NYSE:VTEX - Get Free Report) Director Francisco Alvarez-Demalde sold 198,640 shares of the company's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $3.90, for a total value of $774,696.00. Following the completion of the transaction, the director directly owned 198,640 shares of the company's stock, valued at $774,696. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

VTEX Stock Up 0.9%

VTEX stock traded up $0.04 during midday trading on Thursday, reaching $3.94. 243,990 shares of the company were exchanged, compared to its average volume of 1,135,694. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.78 and a current ratio of 2.78. VTEX has a 1-year low of $2.84 and a 1-year high of $4.60. The stock's 50-day simple moving average is $3.84 and its 200 day simple moving average is $3.78. The company has a market cap of $670.86 million, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05.

VTEX (NYSE:VTEX - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $63.38 million for the quarter, compared to analysts' expectations of $63.19 million. VTEX had a return on equity of 11.82% and a net margin of 10.48%. On average, equities analysts forecast that VTEX will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VTEX shares. Bradesco Corretora lowered VTEX to a "neutral" rating and set a $4.50 price objective on the stock. in a report on Friday, August 7th. Jefferies Financial Group reissued a "buy" rating and issued a $5.10 target price on shares of VTEX in a report on Thursday, August 27th. Itau BBA Securities cut VTEX from an "outperform" rating to a "market perform" rating and set a $4.50 target price for the company. in a research report on Tuesday, August 25th. Weiss Ratings restated a "hold (c-)" rating on shares of VTEX in a research note on Thursday, October 29th. Finally, Morgan Stanley lowered VTEX from an "overweight" rating to an "equal weight" rating and set a $4.00 price target on the stock. in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $4.53.

VTEX Company Profile

VTEX is a cloud-based commerce technology company that provides a digital commerce platform for retailers, brands and other businesses. Its software supports online stores and helps companies manage digital sales across multiple channels. The platform combines storefront tools with capabilities for order management, marketplace operations, payments and integrations with other business systems. VTEX's services are designed to help companies build and manage customer-facing commerce experiences while coordinating orders and operations behind the scenes.

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