Renaissance Technologies LLC Sells 240,900 Shares of VTEX $VTEX

Renaissance Technologies LLC lessened its holdings in VTEX (NYSE:VTEX) by 25.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 713,900 shares of the company’s stock after selling 240,900 shares during the period. Renaissance Technologies LLC’s holdings in VTEX were worth $2,856,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new position in VTEX during the first quarter worth about $844,000. Globeflex Capital L P purchased a new stake in shares of VTEX in the 1st quarter valued at about $1,144,000. State of Wyoming purchased a new stake in shares of VTEX in the 1st quarter valued at about $70,000. Principal Financial Group Inc. boosted its position in shares of VTEX by 32.2% during the 1st quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock valued at $1,321,000 after acquiring an additional 80,460 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of VTEX during the 1st quarter valued at about $2,302,000. Institutional investors own 63.69% of the company’s stock.

Insider Buying and Selling

In other VTEX news, Director Alejandro Raul Scannapieco sold 15,937 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 84,749 shares of company stock worth $338,747 in the last quarter. 40.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VTEX. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Weiss Ratings lowered shares of VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Bradesco Corretora lowered shares of VTEX to a “neutral” rating and set a $4.50 target price for the company. in a research report on Friday. Finally, UBS Group boosted their price target on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.07.

VTEX Price Performance

VTEX opened at $4.18 on Monday. The stock has a 50-day moving average price of $3.97 and a 200-day moving average price of $3.76. VTEX has a 12-month low of $2.84 and a 12-month high of $4.91. 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 has a market capitalization of $712.48 million, a P/E ratio of 26.12, a PEG ratio of 0.58 and a beta of 1.02.

VTEX (NYSE:VTEX) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Equities analysts predict that VTEX will post 0.19 earnings per share for the current fiscal year.

VTEX Company Profile

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.