VTEX (NYSE:VTEX) Stock: Insider De Faria Mariano Gomide Sells 4,808 Shares

VTEX (NYSE:VTEX) CEO Mariano Gomide de Faria sold 4,808 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $4.10, for a total value of $19,712.80. Following the sale, the chief executive officer owned 904,313 shares of the company’s stock, valued at $3,707,683.30. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 12th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.00, for a total transaction of $19,232.00.
• On Monday, August 10th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.05, for a total transaction of $19,472.40.
• On Monday, August 3rd, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.40, for a total transaction of $21,155.20.
• On Monday, July 27th, Mariano Gomide de Faria sold 4,808 shares of VTEX stock. The shares were sold at an average price of $4.01, for a total transaction of $19,280.08.

VTEX Stock Down 2.3%

Shares of VTEX stock opened at $4.12 on Thursday. The company has a market cap of $703.27 million, a P/E ratio of 25.78, a PEG ratio of 0.53 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. VTEX has a one year low of $2.84 and a one year high of $4.62. The firm has a fifty day moving average of $3.73 and a two-hundred day moving average of $3.85.

VTEX (NYSE:VTEX) last released its earnings results on Friday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $64.69 million. VTEX had a net margin of 11.98% and a return on equity of 12.98%. On average, analysts forecast that VTEX will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On VTEX

Several institutional investors have recently made changes to their positions in VTEX. Hsbc Holdings PLC purchased a new position in shares of VTEX in the 1st quarter valued at about $2,302,000. Globeflex Capital L P acquired a new stake in shares of VTEX in the first quarter valued at about $1,144,000. Bank of America Corp DE boosted its holdings in VTEX by 56.0% during the first quarter. Bank of America Corp DE now owns 683,062 shares of the company’s stock worth $2,732,000 after buying an additional 245,306 shares in the last quarter. Sei Investments Co. purchased a new stake in VTEX during the first quarter worth about $844,000. Finally, Principal Financial Group Inc. grew its position in VTEX by 32.2% during the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company’s stock worth $1,321,000 after buying an additional 80,460 shares during the period. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VTEX shares. Jefferies Financial Group restated a “buy” rating and issued a $5.10 price objective on shares of VTEX in a research report on Thursday, August 27th. Bradesco Corretora cut VTEX to a “neutral” rating and set a $4.50 target price on the stock. in a research report on Friday, August 7th. Itau BBA Securities reiterated a “market perform” rating and set a $4.50 target price on shares of VTEX in a research report on Tuesday, August 25th. Weiss Ratings downgraded VTEX from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded VTEX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, VTEX presently has a consensus rating of “Hold” and a consensus price target of $4.60.

About VTEX

VTEX is a global digital commerce technology company that provides a cloud-based platform for retailers and consumer brands. Its software is designed to support online stores, marketplaces and unified commerce operations, helping businesses manage digital sales across multiple channels and customer touchpoints.

The VTEX platform includes capabilities for catalog and content management, pricing and promotions, checkout, payments, order management, customer experience and marketplace operations.