In a filing, Vertex Inc revealed its Director Gayton Bradley M acquired Company’s shares for reported $0.3 million on Mar 04 ’25. In the deal valued at $31.85 per share,9,400 shares were bought. As a result of this transaction, Gayton Bradley M now holds 47,535 shares worth roughly $1.64 million.
Then, ITEM SECOND IRR. TRUST FBO KYL sold 53,843 shares, generating $3,041,053 in total proceeds. Upon selling the shares at $56.48, the 10% Owner now owns 1,229,257 shares.
Before that, ITEM SECOND IRR. TRUST FBO KYL sold 18,157 shares. Vertex Inc shares valued at $1,026,234 were divested by the 10% Owner at a price of $56.52 per share. As a result of the transaction, ITEM SECOND IRR. TRUST FBO KYL now holds 1,211,100 shares, worth roughly $41.83 million.
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 jump 2.83% to $34.54. Over the last five days, the stock has gained 10.88%. Vertex Inc shares have fallen nearly -35.26% since the year began. Nevertheless, the stocks have risen 16.45% 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 03/10/25. SMA at 50 days reached $47.69, while 200 days put it at $43.02.
Levels Of Support And Resistance For VERX Stock
The 24-hour chart illustrates a support level at 33.83, which if violated will result in even more drops to 33.13. On the upside, there is a resistance level at 34.96. A further resistance level may holdings at 35.39. The Relative Strength Index (RSI) on the 14-day chart is 34.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.81%. Stochastics %K at 25.18% indicates the stock is a holding.
How much short interest is there in Vertex Inc?
A steep rise in short interest was recorded in Vertex Inc stocks on 2025-02-28, growing by 0.51 million shares to a total of 5.83 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.32 million shares. There was a rise of 8.77%, which implies that there is a positive sentiment for the stock.
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.
