Fourth Sail Capital LP trimmed its position in VTEX (NYSE:VTEX - Free Report) by 19.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,407,557 shares of the company's stock after selling 586,421 shares during the period. VTEX makes up approximately 4.2% of Fourth Sail Capital LP's portfolio, making the stock its 10th biggest position. Fourth Sail Capital LP owned approximately 1.31% of VTEX worth $14,181,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP lifted its stake in shares of VTEX by 105.7% in the third quarter. Quarry LP now owns 3,637 shares of the company's stock valued at $27,000 after buying an additional 1,869 shares in the last quarter. Barclays PLC acquired a new stake in shares of VTEX in the 3rd quarter worth about $35,000. SBI Securities Co. Ltd. bought a new position in VTEX in the 4th quarter valued at about $59,000. MQS Management LLC acquired a new position in VTEX during the 3rd quarter valued at about $91,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in VTEX during the 3rd quarter worth approximately $134,000. 63.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on VTEX shares. UBS Group dropped their target price on VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. lowered their price target on VTEX from $9.50 to $9.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Finally, Citigroup began coverage on shares of VTEX in a report on Thursday, December 5th. They set a "neutral" rating and a $6.70 price objective on the stock.
View Our Latest Report on VTEX
VTEX Stock Performance
NYSE:VTEX traded down $0.32 on Monday, hitting $4.48. The stock had a trading volume of 1,280,367 shares, compared to its average volume of 809,656. VTEX has a 1 year low of $4.39 and a 1 year high of $9.59. The firm's fifty day simple moving average is $6.09 and its two-hundred day simple moving average is $6.54. The stock has a market cap of $824.44 million, a P/E ratio of 74.68 and a beta of 1.36.
About VTEX
(
Free Report)
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.
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