Vertex Inc’s filing revealed that its 10% Owner ITEM SECOND IRR. TRUST FBO KYL unloaded Company’s shares for reported $5.92 million on Aug 26 ’24. In the deal valued at $37.27 per share,158,900 shares were sold. As a result of this transaction, ITEM SECOND IRR. TRUST FBO KYL now holds 1,430,100 shares worth roughly $55.33 million.
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Then, SCHWAB JOHN R sold 25,000 shares, generating $895,150 in total proceeds. Upon selling the shares at $35.81, the CHIEF FINANCIAL OFFICER now owns 53,104 shares.
Before that, Stamm John Richard sold 16,000 shares. Vertex Inc shares valued at $575,179 were divested by the Director at a price of $35.95 per share. As a result of the transaction, Stamm John Richard now holds 21,635 shares, worth roughly $0.84 million.
Robert W. Baird initiated its Vertex Inc [VERX] rating to an Outperform in a research note published on July 23, 2024; the price target was $43. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early March from “an Underperform” to “a Neutral”. BofA Securities revised its rating on March 09, 2023. It rated VERX as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of VERX
On Friday, Vertex Inc [NASDAQ:VERX] saw its stock jump 2.33% to $38.69. Over the last five days, the stock has gained 4.40%. Vertex Inc shares have risen nearly 43.62% since the year began. Nevertheless, the stocks have risen 69.62% over the past one year. While a 52-week high of $40.05 was reached on 07/31/24, a 52-week low of $20.48 was recorded on 01/12/24. SMA at 50 days reached $36.78, while 200 days put it at $30.91.
Levels Of Support And Resistance For VERX Stock
The 24-hour chart illustrates a support level at 37.93, which if violated will result in even more drops to 37.16. On the upside, there is a resistance level at 39.10. A further resistance level may holdings at 39.50. The Relative Strength Index (RSI) on the 14-day chart is 62.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.43%. Stochastics %K at 85.94% indicates the stock is a selling.
How much short interest is there in Vertex Inc?
A steep rise in short interest was recorded in Vertex Inc stocks on 2024-08-15, dropping by -0.12 million shares to a total of 5.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.94 million shares. There was a decline of -2.01%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 09, 2023 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $19 price target.
