VTEX (NYSE:VTEX) Shares Sold by Boston Partners

Boston Partners reduced its holdings in VTEX (NYSE:VTEX - Free Report) by 70.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,335 shares of the company's stock after selling 104,332 shares during the quarter. Boston Partners' holdings in VTEX were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Quarry LP increased its stake in shares of VTEX by 105.7% during the 3rd quarter. Quarry LP now owns 3,637 shares of the company's stock valued at $27,000 after acquiring an additional 1,869 shares during the last quarter. Barclays PLC acquired a new position in VTEX during the third quarter worth approximately $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in VTEX during the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new position in VTEX during the fourth quarter worth approximately $59,000. Finally, New York State Common Retirement Fund boosted its holdings in VTEX by 16.8% in the fourth quarter. New York State Common Retirement Fund now owns 104,151 shares of the company's stock valued at $613,000 after acquiring an additional 14,986 shares during the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

VTEX Stock Performance

Shares of VTEX stock traded up $0.31 on Thursday, hitting $5.17. The stock had a trading volume of 913,700 shares, compared to its average volume of 567,156. The stock's 50 day moving average is $5.69 and its 200-day moving average is $6.25. The firm has a market capitalization of $954.56 million, a price-to-earnings ratio of 86.10 and a beta of 1.41. VTEX has a 52-week low of $4.20 and a 52-week high of $9.10.

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Analyst Ratings Changes

A number of research firms have recently commented on VTEX. JPMorgan Chase & Co. cut their price objective on VTEX from $9.50 to $9.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. UBS Group cut their price objective on VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Finally, Citigroup began coverage on VTEX in a research report on Thursday, December 5th. They issued a "neutral" rating and a $6.70 target price for the company.

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.