Insider Selling: VTEX (NYSE:VTEX) CEO Sells $19,280.08 in Stock

VTEX (NYSE:VTEX) CEO De Faria Mariano Gomide sold 4,808 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $4.01, for a total value of $19,280.08. Following the transaction, the chief executive officer directly owned 22,009 shares in the company, valued at $88,256.09. This trade represents a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

De Faria Mariano Gomide also recently made the following trade(s):

• On Monday, April 20th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.16, for a total value of $20,001.28.
• On Monday, April 13th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.03, for a total value of $19,376.24.
• On Monday, April 6th, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.04, for a total value of $19,424.32.
• On Tuesday, March 31st, De Faria Mariano Gomide sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total value of $19,280.08.

VTEX Price Performance

VTEX opened at $3.76 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 3.04. VTEX has a 52-week low of $2.84 and a 52-week high of $6.82. The stock has a market capitalization of $649.58 million, a PE ratio of 34.14, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17. The stock’s 50 day moving average price is $3.85 and its 200-day moving average price is $3.80.

VTEX (NYSE:VTEX) last posted its earnings results on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $67.95 million for the quarter, compared to analysts’ expectations of $68.11 million. VTEX had a return on equity of 8.24% and a net margin of 8.32%. On average, equities research analysts predict that VTEX will post 0.18 EPS for the current year.

Institutional Investors Weigh In On VTEX

Hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new stake in VTEX in the first quarter worth $29,000. State of Wyoming bought a new stake in VTEX in the second quarter worth $59,000. Aquatic Capital Management LLC bought a new stake in VTEX in the third quarter worth $41,000. ProShare Advisors LLC bought a new stake in VTEX in the fourth quarter worth $39,000. Finally, Ieq Capital LLC bought a new stake in VTEX in the fourth quarter worth $41,000. 63.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VTEX. Brean Capital raised VTEX from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, March 11th. Weiss Ratings raised VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised VTEX from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 12th. Finally, UBS Group cut VTEX from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $8.00 to $4.00 in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.97.

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.