Walleye Capital LLC Makes New $1.17 Million Investment in VTEX (NYSE:VTEX)

Walleye Capital LLC bought a new position in VTEX (NYSE:VTEX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 197,819 shares of the company's stock, valued at approximately $1,165,000. Walleye Capital LLC owned 0.11% of VTEX at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of VTEX by 31.3% in the third quarter. JPMorgan Chase & Co. now owns 490,234 shares of the company's stock worth $3,647,000 after purchasing an additional 116,895 shares during the period. State Street Corp raised its holdings in VTEX by 51.8% during the third quarter. State Street Corp now owns 806,221 shares of the company's stock valued at $5,998,000 after acquiring an additional 275,024 shares during the period. Sei Investments Co. lifted its position in shares of VTEX by 50.4% in the fourth quarter. Sei Investments Co. now owns 280,193 shares of the company's stock valued at $1,650,000 after acquiring an additional 93,873 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of VTEX in the fourth quarter worth about $446,000. Finally, Verde Servicos Internacionais S.A. purchased a new stake in shares of VTEX during the fourth quarter worth about $412,000. 63.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on shares of 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 0.7 %

NYSE:VTEX traded down $0.04 during midday trading on Friday, hitting $5.32. 108,310 shares of the company traded hands, compared to its average volume of 601,104. VTEX has a 12-month low of $4.20 and a 12-month high of $8.24. The firm has a market capitalization of $971.58 million, a P/E ratio of 88.60 and a beta of 1.30. The firm's fifty day moving average is $5.02 and its 200-day moving average is $5.92.

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.