Dynamo Administracao de Recursos Ltda. Sells 142,149 Shares of VTEX (NYSE:VTEX)

Dynamo Administracao de Recursos Ltda. decreased its stake in VTEX (NYSE:VTEX) by 51.9% in the second quarter, HoldingsChannel reports. The firm owned 131,839 shares of the company’s stock after selling 142,149 shares during the period. VTEX accounts for 5.9% of Dynamo Administracao de Recursos Ltda.’s holdings, making the stock its 3rd biggest position. Dynamo Administracao de Recursos Ltda.’s holdings in VTEX were worth $957,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. raised its stake in VTEX by 1,856.3% during the 1st quarter. Sei Investments Co. now owns 247,869 shares of the company’s stock valued at $2,025,000 after purchasing an additional 235,199 shares during the period. Russell Investments Group Ltd. raised its position in VTEX by 153.4% during the first quarter. Russell Investments Group Ltd. now owns 913,774 shares of the company’s stock valued at $7,468,000 after buying an additional 553,193 shares during the period. Fourth Sail Capital LP lifted its stake in VTEX by 125.0% in the 2nd quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock worth $22,497,000 after acquiring an additional 1,721,568 shares in the last quarter. Acadian Asset Management LLC boosted its position in VTEX by 23.0% during the 2nd quarter. Acadian Asset Management LLC now owns 1,689,205 shares of the company’s stock worth $12,233,000 after acquiring an additional 315,507 shares during the period. Finally, Absoluto Partners Gestao de Recursos Ltda purchased a new position in VTEX during the 4th quarter valued at about $7,899,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $10.40.

VTEX Stock Performance

Shares of NYSE VTEX opened at $7.05 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.61 and a current ratio of 3.61. VTEX has a one year low of $4.66 and a one year high of $9.59. The business’s 50-day moving average price is $6.88 and its two-hundred day moving average price is $7.25.

VTEX (NYSE:VTEX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $56.50 million for the quarter, compared to analyst estimates of $56.45 million. VTEX had a net margin of 1.51% and a return on equity of 1.36%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) earnings per share. Sell-side analysts anticipate that VTEX will post 0.06 earnings per share for the current year.

VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.