VTEX (NYSE:VTEX) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its stake in VTEX (NYSE:VTEX) by 18.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 163,525 shares of the company’s stock after selling 37,728 shares during the quarter. Penserra Capital Management LLC’s holdings in VTEX were worth $1,216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Employees Retirement System of Texas lifted its position in VTEX by 16.3% in the second quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock worth $190,000 after purchasing an additional 3,668 shares during the period. nVerses Capital LLC bought a new stake in shares of VTEX in the 2nd quarter worth $40,000. Lazard Asset Management LLC lifted its holdings in shares of VTEX by 52.3% in the first quarter. Lazard Asset Management LLC now owns 20,783 shares of the company’s stock valued at $169,000 after buying an additional 7,138 shares during the period. Bayesian Capital Management LP bought a new position in VTEX during the first quarter valued at about $83,000. Finally, MQS Management LLC acquired a new position in VTEX during the third quarter worth about $91,000. Institutional investors own 63.69% of the company’s stock.

Wall Street Analyst Weigh In

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

VTEX Trading Down 0.6 %

NYSE VTEX opened at $6.45 on Wednesday. The stock’s 50-day moving average price is $6.88 and its two-hundred day moving average price is $6.89. The company has a market cap of $1.19 billion, a PE ratio of 107.52 and a beta of 1.40. VTEX has a 1 year low of $5.72 and a 1 year high of $9.59.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. VTEX had a net margin of 3.97% and a return on equity of 3.60%. The firm had revenue of $56.00 million during the quarter, compared to analyst estimates of $57.20 million. During the same quarter last year, the business posted ($0.01) EPS. The company’s revenue was up 10.6% on a year-over-year basis. Research analysts forecast that VTEX will post 0.07 EPS for the current fiscal 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.