Insider Selling: VTEX (NYSE:VTEX) CEO Sells $19,424.32 in Stock

VTEX (NYSE:VTEX) CEO Carmo Thomaz Junior Geraldo Do sold 4,808 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $4.04, for a total value of $19,424.32. Following the completion of the transaction, the chief executive officer directly owned 1,266,535 shares of the company’s stock, valued at $5,116,801.40. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Carmo Thomaz Junior Geraldo Do also recently made the following trade(s):

• On Friday, June 26th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.00, for a total value of $19,232.00.
• On Monday, June 1st, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.00, for a total value of $19,232.00.
• On Thursday, May 7th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.01, for a total value of $19,280.08.
• On Monday, April 27th, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.01, for a total value of $19,280.08.
• On Monday, April 20th, Carmo Thomaz Junior Geraldo Do 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, Carmo Thomaz Junior Geraldo Do 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, Carmo Thomaz Junior Geraldo Do sold 4,808 shares of VTEX stock. The stock was sold at an average price of $4.04, for a total transaction of $19,424.32.

VTEX Trading Down 0.8%

VTEX stock opened at $4.14 on Friday. The firm has a 50 day moving average of $3.74 and a 200-day moving average of $3.66. VTEX has a 12 month low of $2.84 and a 12 month high of $6.82. The firm has a market capitalization of $706.66 million, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03.

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

Hedge Funds Weigh In On VTEX

A number of hedge funds and other institutional investors have recently bought and sold shares of VTEX. Banco BTG Pactual S.A. lifted its holdings in shares of VTEX by 29.9% during the 4th quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company’s stock worth $2,271,000 after acquiring an additional 139,100 shares during the last quarter. FNY Investment Advisers LLC increased its stake in VTEX by 577.8% in the third quarter. FNY Investment Advisers LLC now owns 268,740 shares of the company’s stock valued at $1,177,000 after acquiring an additional 229,091 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in VTEX during the third quarter valued at about $41,000. Sei Investments Co. purchased a new stake in VTEX during the first quarter valued at about $844,000. Finally, State of Wyoming bought a new stake in VTEX during the first quarter worth about $70,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

VTEX has been the topic of a number of recent analyst reports. Wall Street Zen upgraded VTEX from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 12th. Weiss Ratings upgraded VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. Brean Capital upgraded VTEX from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Wednesday, March 11th. Finally, UBS Group raised their price target on VTEX from $4.00 to $4.10 and gave the company a “neutral” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.18.

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.