Sebastian Kanovich Sells 1,000,000 Shares of DLocal (NASDAQ:DLO) Stock

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $14.63, for a total value of $14,630,000.00. Following the sale, the director owned 1,000,000 shares in the company, valued at $14,630,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DLocal Stock Performance

Shares of DLO opened at $14.88 on Friday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 23.62 and a beta of 0.97. The stock has a 50 day moving average of $12.61 and a 200-day moving average of $13.01. DLocal Limited has a 52 week low of $9.81 and a 52 week high of $16.78.

DLocal (NASDAQ:DLO) last posted 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. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The business had revenue of $335.86 million for the quarter, compared to analyst estimates of $331.20 million. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue was up 54.9% compared to the same quarter last year. On average, sell-side analysts predict that DLocal Limited will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in DLocal by 0.3% during the 1st quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock valued at $52,831,000 after purchasing an additional 13,536 shares during the period. Cria Inc. bought a new position in DLocal in the 4th quarter worth about $56,560,000. Atmos Capital Gestao DE Recursos LTDA. acquired a new stake in shares of DLocal in the fourth quarter valued at approximately $54,128,000. Marshall Wace LLP increased its stake in shares of DLocal by 18.9% in the fourth quarter. Marshall Wace LLP now owns 3,662,772 shares of the company’s stock valued at $51,792,000 after purchasing an additional 582,718 shares during the period. Finally, Baillie Gifford & Co. grew its holdings in DLocal by 12.2% in the 4th quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company’s stock worth $42,373,000 after buying an additional 326,537 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DLO has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of DLocal from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of DLocal in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a research note on Monday, April 20th. Truist Financial dropped their price objective on shares of DLocal from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Finally, UBS Group raised shares of DLocal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $20.00 in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, DLocal has an average rating of “Buy” and a consensus price target 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.