Trexquant Investment LP Acquires 133,647 Shares of VTEX (NYSE:VTEX)

Trexquant Investment LP lifted its position in shares of VTEX (NYSE:VTEX - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 482,556 shares of the company's stock after acquiring an additional 133,647 shares during the quarter. Trexquant Investment LP owned approximately 0.26% of VTEX worth $2,842,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in VTEX. Quarry LP raised its holdings in VTEX by 105.7% during the 3rd quarter. Quarry LP now owns 3,637 shares of the company's stock worth $27,000 after purchasing an additional 1,869 shares during the last quarter. Barclays PLC bought a new stake in shares of VTEX during the third quarter worth approximately $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in VTEX in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. bought a new position in VTEX in the fourth quarter valued at approximately $59,000. Finally, Quadrature Capital Ltd acquired a new stake in VTEX during the 3rd quarter worth $165,000. Institutional investors own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VTEX. UBS Group cut their price target on VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. cut their target price on VTEX from $9.50 to $9.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th.

VTEX Price Performance

VTEX traded up $0.17 during mid-day trading on Friday, hitting $4.92. The stock had a trading volume of 517,176 shares, compared to its average volume of 597,730. The stock's fifty day simple moving average is $5.28 and its 200-day simple moving average is $6.06. The firm has a market capitalization of $898.46 million, a price-to-earnings ratio of 81.93 and a beta of 1.30. VTEX has a 1-year low of $4.20 and a 1-year high of $8.29.

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.