VTEX (NYSE:VTEX) Stock Position Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in VTEX (NYSE:VTEX) by 24.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 897,567 shares of the company’s stock after selling 287,833 shares during the period. Renaissance Technologies LLC owned about 0.49% of VTEX worth $5,287,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of VTEX during the 4th quarter worth approximately $33,000. Barclays PLC bought a new stake in VTEX in the third quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new position in shares of VTEX during the fourth quarter valued at $59,000. Employees Retirement System of Texas grew its position in shares of VTEX by 15.1% during the fourth quarter. Employees Retirement System of Texas now owns 52,238 shares of the company’s stock worth $308,000 after acquiring an additional 6,836 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of VTEX by 120.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,389 shares of the company’s stock worth $314,000 after acquiring an additional 29,218 shares during the period. Institutional investors own 63.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

VTEX Price Performance

Shares of VTEX stock opened at $5.00 on Monday. VTEX has a 1-year low of $4.20 and a 1-year high of $8.24. The company has a market capitalization of $913.08 million, a P/E ratio of 83.26 and a beta of 1.30. The business’s fifty day moving average price is $5.12 and its two-hundred day moving average price is $5.96.

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.