Vertex (VERX)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	305.39 mm	305.39 mm	305.39 mm	305.39 mm	305.39 mm	305.39 mm
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	447.17 k	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	n/a	1.25 mm	n/a	n/a
Cash remaining	n/a	n/a	n/a	304.14 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	n/a	680.1	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Vertex earnings reports.

Institutional ownership, Q2 2024

VERX institutional ownership history Ownership history

63.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	117	145	-19.3%
Opened positions	53	119	-55.5%
Closed positions	81	5	+1520.0%
Increased positions	30	9	+233.3%
Reduced positions	22	7	+214.3%

13F shares	Current	Prev Q	Change
Total value	1.12 tn	1.15 tn	-2.6%
Total shares	38.00 mm	44.18 mm	-14.0%
Total puts	45.90 k	50.60 k	-9.3%
Total calls	238.90 k	148.90 k	+60.4%
Total put/call ratio	0.2	0.3	-43.5%

Largest owners	Shares	Value	Change
Tensile Capital Management	4.63 mm	$167.04 bn	NEW
Fred Alger Management	4.09 mm	$147.35 bn	NEW
Alger Associates	3.75 mm	$0.00	0.0%
Conestoga Capital Advisors	2.81 mm	$101.15 bn	-0.0%
Legacy Advisors	2.16 mm	$77.99 bn	-0.0%
WSFS Capital Management	1.60 mm	$57.54 bn	0.0%
BEN Franklin Resources	1.44 mm	$51.80 bn	+47.3%
Palisade Capital Management	1.21 mm	$43.56 bn	+2.2%
Geneva Capital Management	1.04 mm	$37.34 bn	NEW
STT State Street	998.31 k	$35.99 bn	+162.3%

Largest transactions	Shares	Bought/sold	Change
Vanguard	0.00	-5.79 mm	EXIT
Tensile Capital Management	4.63 mm	+4.63 mm	NEW
Fred Alger Management	4.09 mm	+4.09 mm	NEW
Neuberger Berman	0.00	-3.57 mm	EXIT
JPM JPMorgan Chase & Co.	0.00	-2.07 mm	EXIT
Loomis Sayles & Co L P	0.00	-1.53 mm	EXIT
TimesSquare Capital Management	0.00	-1.39 mm	EXIT
BLK BlackRock	0.00	-1.25 mm	EXIT
Geneva Capital Management	1.04 mm	+1.04 mm	NEW
T. Rowe Price Investment Management	964.13 k	+964.13 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

VERX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Dec 24	Schwab John R	Class A Common Stock	Sell	Dispose S	No	No	53.0466	20,000	1.06 mm	53,104
17 Dec 24	Schwab John R	Class A Common Stock	Option exercise	Acquire M	No	No	4.7	20,000	94.00 k	73,104
17 Dec 24	Schwab John R	Stock Option Class A Common Stock	Option exercise	Dispose M	No	No	4.7	20,000	94.00 k	361,473
12 Dec 24	Jeffery Westphal	Class A Common Stock	Sell	Dispose S	Yes	No	53.01	575,000	30.48 mm	0
12 Dec 24	Jeffery Westphal	Class A Common Stock	Conversion	Acquire C	Yes	No	0	575,000	0.00	575,000
12 Dec 24	Jeffery Westphal	Class B Common Stock Class A Common Stock	Conversion	Dispose C	Yes	No	0	575,000	0.00	2,639,927
12 Dec 24	David DeStefano	Class A Common Stock	Option exercise	Acquire M	No	No	0	343,893	0.00	637,238
12 Dec 24	David DeStefano	Stock Option Class A Common Stock	Option exercise	Dispose M	No	No	0	343,893	0.00	0
11 Dec 24	David DeStefano	Class A Common Stock	Sell	Dispose S	No	No	55.0411	216,268	11.90 mm	293,345
11 Dec 24	David DeStefano	Class A Common Stock	Option exercise	Acquire M	No	No	2.5	216,268	540.67 k	509,613