Constellation Investimentos e Participacoes Ltda Sells 1,435 Shares of VTEX (NYSE:VTEX)

Constellation Investimentos e Participacoes Ltda lessened its stake in VTEX (NYSE:VTEX) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,398 shares of the company’s stock after selling 1,435 shares during the quarter. VTEX comprises 0.2% of Constellation Investimentos e Participacoes Ltda’s investment portfolio, making the stock its 12th biggest position. Constellation Investimentos e Participacoes Ltda’s holdings in VTEX were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of VTEX in the 2nd quarter valued at approximately $40,000. Bayesian Capital Management LP acquired a new position in VTEX during the first quarter valued at approximately $83,000. Absolute Gestao de Investimentos Ltda. bought a new stake in VTEX during the first quarter worth $135,000. Lazard Asset Management LLC boosted its holdings in shares of VTEX by 52.3% in the 1st quarter. Lazard Asset Management LLC now owns 20,783 shares of the company’s stock valued at $169,000 after purchasing an additional 7,138 shares in the last quarter. Finally, Employees Retirement System of Texas increased its stake in shares of VTEX by 16.3% in the 2nd quarter. Employees Retirement System of Texas now owns 26,212 shares of the company’s stock valued at $190,000 after purchasing an additional 3,668 shares during the last quarter. Institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

VTEX Stock Performance

NYSE:VTEX opened at $7.24 on Friday. The stock’s 50-day moving average is $7.06 and its 200-day moving average is $7.15. The stock has a market cap of $1.33 billion, a P/E ratio of 241.25 and a beta of 1.39. VTEX has a 1-year low of $4.66 and a 1-year high of $9.59. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.01.

VTEX (NYSE:VTEX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $56.50 million during the quarter, compared to analysts’ expectations of $56.45 million. VTEX had a net margin of 1.51% and a return on equity of 1.36%. The company’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) EPS. Equities research analysts anticipate that VTEX will post 0.07 earnings per share for the current year.

VTEX 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.