From MarketBeat:

AMS Capital Ltda reduced its holdings in VTEX by 14.3% during the 3rd quarter and owned 471,480 shares of the company’s stock. Several other large investors also added to or reduced their stakes in VTEX. Recently, Piper Sandler raised their price objective on VTEX from $6.00 to $7.00 and gave the stock an “overweight” rating. Despite this, VTEX traded down 0.3%, hitting $6.71 on Wednesday, November 7th.

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. The company’s most recent earnings showed a positive performance, including a better than expected EPS of ($0.01) and an increase in revenue. Despite a “Moderate Buy” rating among analysts, top-rated analysts believe that there are five other stocks that are better buys than VTEX.



Read more: VTEX (NYSE:VTEX) Shares Sold by AMS Capital Ltda