Millennium Management LLC Sells 470,630 Shares of VTEX (NYSE:VTEX)

Millennium Management LLC lowered its holdings in shares of VTEX (NYSE:VTEX - Free Report) by 29.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,154,261 shares of the company's stock after selling 470,630 shares during the quarter. Millennium Management LLC owned about 0.63% of VTEX worth $8,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Employees Retirement System of Texas boosted its position in VTEX by 16.3% during 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 acquired a new position in VTEX in the 2nd quarter valued at $40,000. Lazard Asset Management LLC raised its holdings in VTEX by 52.3% in the 1st quarter. Lazard Asset Management LLC now owns 20,783 shares of the company's stock worth $169,000 after acquiring an additional 7,138 shares during the period. Quadrature Capital Ltd lifted its position in VTEX by 4.8% during the 4th quarter. Quadrature Capital Ltd now owns 156,192 shares of the company's stock worth $1,075,000 after acquiring an additional 7,142 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in VTEX during the first quarter valued at about $83,000. Institutional investors and hedge funds own 63.69% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price objective on VTEX from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, VTEX presently has a consensus rating of "Buy" and a consensus price target of $10.40.

VTEX Stock Performance

NYSE:VTEX traded down $0.02 during trading hours on Thursday, hitting $7.24. 178,057 shares of the company traded hands, compared to its average volume of 484,562. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -181.50 and a beta of 1.39. The firm has a 50-day moving average of $7.04 and a 200 day moving average of $7.15. VTEX has a twelve month low of $4.66 and a twelve month high of $9.59.

VTEX (NYSE:VTEX - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. The business had revenue of $56.50 million for the quarter, compared to the consensus estimate of $56.45 million. VTEX had a return on equity of 1.36% and a net margin of 1.51%. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. On average, analysts forecast that VTEX will post 0.07 EPS 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.