In a filing, Vertex Inc revealed its 10% Owner ITEM SECOND IRR. TRUST FBO KYL unloaded Company’s shares for reported $3.04 million on Jan 22 ’25. In the deal valued at $56.48 per share,53,843 shares were sold. As a result of this transaction, ITEM SECOND IRR. TRUST FBO KYL now holds 1,229,257 shares worth roughly $39.48 million.
Then, ITEM SECOND IRR. TRUST FBO KYL sold 18,157 shares, generating $1,026,234 in total proceeds. Upon selling the shares at $56.52, the 10% Owner now owns 1,211,100 shares.
Before that, Jeff and Jenifer Westphal Foun bought 534,778 shares. Vertex Inc shares valued at $28,038,411 were divested by the Other at a price of $52.43 per share.
Stifel downgraded its Vertex Inc [VERX] rating to a Hold from a a Buy in a research note published on February 28, 2025; the price target was decreased to $31 from $58. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Mkt perform”. DA Davidson began covering VERX with “Buy” recommendation on December 31, 2024. Jefferies revised its rating on November 04, 2024. It rated VERX as “a Buy” which previously was an “a Hold”.
Price Performance Review of VERX
On Monday, Vertex Inc [NASDAQ:VERX] saw its stock fall -0.53% to $32.12. Over the last five days, the stock has lost -26.40%. Vertex Inc shares have fallen nearly -39.79% since the year began. Nevertheless, the stocks have risen 26.46% over the past one year. While a 52-week high of $60.71 was reached on 02/06/25, a 52-week low of $27.22 was recorded on 03/03/25. SMA at 50 days reached $51.76, while 200 days put it at $43.01.
Levels Of Support And Resistance For VERX Stock
The 24-hour chart illustrates a support level at 31.70, which if violated will result in even more drops to 31.27. On the upside, there is a resistance level at 32.69. A further resistance level may holdings at 33.25. The Relative Strength Index (RSI) on the 14-day chart is 13.22, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.84%. Stochastics %K at 1.79% indicates the stock is a buying.
The most recent change occurred on July 23, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $43 price target.
