Renaissance Technologies LLC Sells 287,833 Shares of VTEX (NYSE:VTEX)

Renaissance Technologies LLC reduced its stake in VTEX (NYSE:VTEX - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 897,567 shares of the company's stock after selling 287,833 shares during the period. Renaissance Technologies LLC owned 0.49% of VTEX worth $5,287,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VTEX. Barclays PLC acquired a new position in VTEX in the 3rd quarter valued at about $35,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of VTEX during the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of VTEX in the fourth quarter valued at approximately $59,000. Employees Retirement System of Texas increased its stake in shares of VTEX by 15.1% during the fourth quarter. Employees Retirement System of Texas now owns 52,238 shares of the company's stock worth $308,000 after purchasing an additional 6,836 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in VTEX by 120.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,389 shares of the company's stock worth $314,000 after purchasing an additional 29,218 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on VTEX from $9.00 to $6.50 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th.

VTEX Trading Down 0.4 %

Shares of NYSE:VTEX traded down $0.02 on Friday, reaching $5.33. 97,616 shares of the company's stock were exchanged, compared to its average volume of 601,075. VTEX has a twelve month low of $4.20 and a twelve month high of $8.24. The company has a fifty day moving average of $5.02 and a 200-day moving average of $5.92. The company has a market capitalization of $974.32 million, a price-to-earnings ratio of 88.85 and a beta of 1.30.

VTEX 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.