DLocal (NASDAQ:DLO) Director Sebastian Kanovich Sells 25,700 Shares

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 25,700 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $15.50, for a total transaction of $398,350.00. Following the sale, the director owned 25,700 shares in the company, valued at $398,350. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sebastian Kanovich also recently made the following trade(s):

• On Wednesday, July 1st, Sebastian Kanovich sold 1,000,000 shares of DLocal stock. The shares were sold at an average price of $14.63, for a total transaction of $14,630,000.00.

DLocal Price Performance

NASDAQ DLO opened at $14.57 on Friday. The firm has a market capitalization of $4.30 billion, a PE ratio of 23.13 and a beta of 0.97. DLocal Limited has a 12 month low of $9.81 and a 12 month high of $16.78. The company’s 50 day simple moving average is $12.71 and its 200 day simple moving average is $13.02.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $335.86 million for the quarter, compared to analysts’ expectations of $331.20 million. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The firm’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. Sell-side analysts anticipate that DLocal Limited will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of DLocal by 114.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock valued at $26,000 after buying an additional 975 shares in the last quarter. Geode Capital Management LLC lifted its stake in DLocal by 0.8% in the second quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock valued at $1,618,000 after acquiring an additional 1,130 shares during the last quarter. Empowered Funds LLC lifted its stake in DLocal by 2.7% in the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock valued at $406,000 after acquiring an additional 1,281 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of DLocal by 17.1% during the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock valued at $103,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Lane Generational LLC raised its holdings in shares of DLocal by 0.4% during the 4th quarter. Lane Generational LLC now owns 507,257 shares of the company’s stock valued at $7,173,000 after purchasing an additional 1,811 shares in the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Truist Financial reduced their price objective on shares of DLocal from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. Wall Street Zen lowered DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $20.00 in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $17.00 target price on shares of DLocal in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, DLocal presently has a consensus rating of “Buy” and a consensus target price of $17.25.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.