Polar Capital Holdings Plc Buys 936,551 Shares of VTEX (NYSE:VTEX)

Polar Capital Holdings Plc lifted its stake in VTEX (NYSE:VTEX - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,229,168 shares of the company's stock after purchasing an additional 936,551 shares during the quarter. Polar Capital Holdings Plc owned about 2.84% of VTEX worth $30,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in VTEX. JPMorgan Chase & Co. raised its holdings in VTEX by 31.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 490,234 shares of the company's stock worth $3,647,000 after acquiring an additional 116,895 shares during the last quarter. Sei Investments Co. raised its holdings in VTEX by 50.4% in the 4th quarter. Sei Investments Co. now owns 280,193 shares of the company's stock worth $1,650,000 after acquiring an additional 93,873 shares during the last quarter. EntryPoint Capital LLC purchased a new position in VTEX in the 4th quarter worth approximately $446,000. Verde Servicos Internacionais S.A. purchased a new position in VTEX in the 4th quarter worth approximately $412,000. Finally, AMS Capital Ltda raised its holdings in VTEX by 54.4% in the 4th quarter. AMS Capital Ltda now owns 1,121,473 shares of the company's stock worth $6,605,000 after acquiring an additional 395,030 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on shares of VTEX from $9.00 to $6.50 and set an "overweight" rating for the company in a report on Tuesday, April 15th.

VTEX Trading Down 1.6%

Shares of VTEX opened at $6.32 on Friday. The firm has a market cap of $1.16 billion, a PE ratio of 105.35 and a beta of 1.29. The firm has a fifty day simple moving average of $5.15 and a two-hundred day simple moving average of $5.80. VTEX has a 1-year low of $4.20 and a 1-year high of $8.03.

VTEX (NYSE:VTEX - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $54.20 million during the quarter, compared to analyst estimates of $52.81 million. VTEX had a net margin of 3.97% and a return on equity of 3.60%. As a group, research analysts forecast that VTEX will post 0.08 EPS for the current fiscal year.

VTEX Company Profile

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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