Walleye Capital LLC Buys New Shares in VTEX (NYSE:VTEX)

Walleye Capital LLC acquired a new stake in VTEX (NYSE:VTEX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 197,819 shares of the company's stock, valued at approximately $1,165,000. Walleye Capital LLC owned about 0.11% of VTEX at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in VTEX during the 4th quarter worth $33,000. Barclays PLC acquired a new stake in shares of VTEX during the third quarter worth about $35,000. SBI Securities Co. Ltd. bought a new position in shares of VTEX during the 4th quarter valued at about $59,000. Neuberger Berman Group LLC grew its position in shares of VTEX by 47.7% in the 4th quarter. Neuberger Berman Group LLC now owns 22,131 shares of the company's stock valued at $130,000 after purchasing an additional 7,145 shares during the period. Finally, Employees Retirement System of Texas increased its stake in VTEX by 15.1% during the 4th quarter. Employees Retirement System of Texas now owns 52,238 shares of the company's stock worth $308,000 after purchasing an additional 6,836 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

VTEX Stock Up 3.7 %

Shares of NYSE:VTEX traded up $0.18 during mid-day trading on Tuesday, reaching $5.02. 599,684 shares of the stock were exchanged, compared to its average volume of 600,937. The stock's 50 day simple moving average is $5.07 and its 200-day simple moving average is $5.94. VTEX has a one year low of $4.20 and a one year high of $8.24. The company has a market cap of $917.65 million, a P/E ratio of 83.68 and a beta of 1.30.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price target on shares of VTEX from $9.00 to $6.50 and set an "overweight" rating for the company in a report on Tuesday, April 15th.

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.