VTEX (NYSE:VTEX) Insider Sells 20,804 Shares of Stock

Key Points

• VTEX insider André Spolidoro sold 20,804 shares at an average price of $3.93, totaling about $81,760. He retained 282,027 shares after the sale.
• VTEX reported quarterly earnings of $0.02 per share, below analysts’ $0.05 estimate, while revenue of $63.38 million slightly exceeded expectations.
• Analysts’ consensus rating is Hold, with an average price target of $4.53; shares were trading at $3.94 in Tuesday’s midday session.

VTEX (NYSE:VTEX - Get Free Report) insider André Spolidoro sold 20,804 shares of the company's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $3.93, for a total transaction of $81,759.72. Following the sale, the insider owned 282,027 shares of the company's stock, valued at $1,108,366.11. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andre Spolidoro Ferreira Gomes also recently made the following trade(s):

• On Friday, October 16th, André Spolidoro sold 3,000 shares of VTEX stock. The stock was sold at an average price of $4.19, for a total transaction of $12,570.00.
• On Monday, August 17th, André Spolidoro sold 3,000 shares of VTEX stock. The stock was sold at an average price of $3.57, for a total transaction of $10,710.00.

VTEX Trading Up 0.1%

Shares of VTEX stock traded up $0.01 during mid-day trading on Tuesday, reaching $3.94. The stock had a trading volume of 90,681 shares, compared to its average volume of 1,137,789. VTEX has a 52-week low of $2.84 and a 52-week high of $4.60. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. The stock's 50-day moving average price is $3.83 and its two-hundred day moving average price is $3.78. The firm has a market capitalization of $672.58 million, a PE ratio of 26.30, a price-to-earnings-growth ratio of 0.57 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 analysts' consensus estimates of $0.05 by ($0.03). The business had revenue of $63.38 million during the quarter, compared to the consensus estimate of $63.19 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Equities analysts expect that VTEX will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VTEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new stake in VTEX in the first quarter worth $2,302,000. Globeflex Capital L P bought a new stake in VTEX during the 1st quarter valued at about $1,144,000. Bank of America Corp DE raised its stake 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 in the last quarter. Sei Investments Co. purchased a new stake in shares of VTEX in the 1st quarter worth $844,000. Finally, Principal Financial Group Inc. grew its holdings 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 acquiring an additional 80,460 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group restated a "buy" rating and issued a $5.10 price objective on shares of VTEX in a report on Thursday, August 27th. Weiss Ratings reissued a "hold (c-)" rating on shares of VTEX in a report on Thursday, October 29th. Bradesco Corretora cut VTEX to a "neutral" rating and set a $4.50 target price on the stock. in a research report on Friday, August 7th. Morgan Stanley lowered shares of VTEX from an "overweight" rating to an "equal weight" rating and set a $4.00 target price for the company. in a research report on Friday, August 28th. Finally, Wall Street Zen cut VTEX from a "buy" rating to a "hold" rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.53.

VTEX Company Profile

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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