Insider Selling: VTEX (NYSE:VTEX) Director Sells $57,213.83 in Stock

VTEX (NYSE:VTEX) Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.59, for a total transaction of $57,213.83. Following the transaction, the director directly owned 9,965 shares in the company, valued at $35,774.35. This trade represents a 61.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

VTEX Price Performance

VTEX stock opened at $3.75 on Friday. The stock has a market capitalization of $638.49 million, a PE ratio of 31.21, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05. The company’s 50-day moving average is $3.86 and its 200-day moving average is $3.70. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $60.70 million for the quarter, compared to the consensus estimate of $60.65 million. VTEX had a return on equity of 9.68% and a net margin of 9.40%. On average, analysts anticipate that VTEX will post 0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on VTEX shares. Wall Street Zen raised shares of VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Weiss Ratings raised shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. UBS Group raised their price target on shares of VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Brean Capital raised shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.98.

Hedge Funds Weigh In On VTEX

Several large investors have recently added to or reduced their stakes in the business. Polar Capital Holdings Plc lifted its position in VTEX by 11.9% in the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after acquiring an additional 748,712 shares in the last quarter. Millennium Management LLC increased its stake in VTEX by 36.6% in the 4th quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock valued at $7,865,000 after buying an additional 560,828 shares during the last quarter. State Street Corp increased its stake in VTEX by 7.7% in the 4th quarter. State Street Corp now owns 1,590,672 shares of the company’s stock valued at $5,981,000 after buying an additional 114,256 shares during the last quarter. Citadel Advisors LLC increased its stake in VTEX by 524.5% in the 3rd quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after buying an additional 850,132 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in VTEX in the 3rd quarter valued at about $4,412,000. Institutional investors own 63.69% of the company’s stock.

About VTEX

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.