Insider Selling: DLocal (NASDAQ:DLO) Director Sells $398,350.00 in Stock

DLocal Limited (NASDAQ:DLO) Director Sebastian Kanovich sold 25,700 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $15.50, for a total transaction of $398,350.00. Following the transaction, the director directly owned 25,700 shares in the company, valued at approximately $398,350. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sebastian Kanovich also recently made the following trade(s):

• On Wednesday, July 1st, Sebastian Kanovich sold 1,000,000 shares of DLocal stock. The stock was sold at an average price of $14.63, for a total transaction of $14,630,000.00.

DLocal Stock Up 4.3%

DLO traded up $0.62 during midday trading on Friday, hitting $15.19. The company had a trading volume of 2,723,052 shares, compared to its average volume of 3,111,078. The stock’s 50 day moving average price is $12.74 and its 200 day moving average price is $13.04. DLocal Limited has a 52 week low of $9.81 and a 52 week high of $16.78. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 24.11 and a beta of 0.97.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.17 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 firm had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 54.9% on a year-over-year basis. Research analysts predict that DLocal Limited will post 0.81 EPS for the current year.

Institutional Trading of DLocal

Several institutional investors and hedge funds have recently made changes to their positions in DLO. Caitong International Asset Management Co. Ltd boosted its holdings in DLocal by 114.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after purchasing an additional 975 shares during the last quarter. IFP Advisors Inc bought a new position in shares of DLocal in the third quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in DLocal in the fourth quarter worth $40,000. Banque Cantonale Vaudoise purchased a new position in DLocal in the first quarter worth $42,000. Finally, Kestra Advisory Services LLC bought a new stake in DLocal in the fourth quarter worth about $95,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

DLO has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. The Goldman Sachs Group reissued a “buy” rating and set a $17.00 target price on shares of DLocal in a research report on Thursday, April 30th. Wall Street Zen lowered shares of DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.00 to $20.00 in a report on Wednesday, July 1st. Finally, Truist Financial cut their price target on DLocal from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, DLocal currently 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.