Banco BTG Pactual S.A. Has $2.27 Million Position in VTEX $VTEX

Banco BTG Pactual S.A. lifted its stake in shares of VTEX (NYSE:VTEX) by 29.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 604,100 shares of the company’s stock after acquiring an additional 139,100 shares during the period. Banco BTG Pactual S.A. owned 0.33% of VTEX worth $2,271,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VTEX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of VTEX by 37.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,822 shares of the company’s stock valued at $187,000 after acquiring an additional 10,110 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of VTEX by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 220,758 shares of the company’s stock valued at $1,119,000 after acquiring an additional 84,189 shares during the period. Jane Street Group LLC lifted its position in shares of VTEX by 1,570.1% during the 1st quarter. Jane Street Group LLC now owns 187,146 shares of the company’s stock valued at $949,000 after acquiring an additional 175,940 shares during the period. Geode Capital Management LLC acquired a new position in VTEX during the second quarter worth $4,543,000. Finally, Rhumbline Advisers acquired a new position in VTEX during the second quarter worth $392,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Insider Activity

In other news, Director Alejandro Raul Scannapieco sold 15,937 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.59, for a total value of $57,213.83. Following the completion of the sale, the director owned 9,965 shares in the company, valued at $35,774.35. This represents a 61.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 86,249 shares of company stock valued at $340,407. Corporate insiders own 40.93% of the company’s stock.

VTEX Price Performance

NYSE VTEX opened at $3.60 on Friday. VTEX has a 1 year low of $2.84 and a 1 year high of $6.82. The firm has a market cap of $612.91 million, a price-to-earnings ratio of 29.96, a PEG ratio of 0.49 and a beta of 1.05. The company has a fifty day moving average price of $3.83 and a 200-day moving average price of $3.69.

VTEX (NYSE:VTEX) last posted its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $60.65 million. On average, research analysts anticipate that VTEX will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VTEX. UBS Group upped their price objective on shares of VTEX from $4.00 to $4.10 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of VTEX from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 21st. Brean Capital upgraded shares of VTEX from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, March 11th. Finally, Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 12th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.98.

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.