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)	18.52 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	80.37 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	225.02 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	12.2	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Vertex earnings reports.

Institutional ownership, Q3 2024

VERX institutional ownership history Ownership history

46.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	220	206	+6.8%
Opened positions	45	73	-38.4%
Closed positions	31	37	-16.2%
Increased positions	84	64	+31.3%
Reduced positions	63	48	+31.3%

13F shares	Current	Prev Q	Change
Total value	2.41 tn	2.26 tn	+6.5%
Total shares	71.73 mm	72.27 mm	-0.8%
Total puts	26.00 k	88.80 k	-70.7%
Total calls	2.94 mm	3.14 mm	-6.4%
Total put/call ratio	0.0	0.0	-68.7%

Largest owners	Shares	Value	Change
Vanguard	6.72 mm	$258.84 bn	+5.2%
BlackRock	5.01 mm	$192.84 bn	NEW
Tensile Capital Management	4.05 mm	$156.10 bn	-12.5%
Neuberger Berman	3.47 mm	$133.78 bn	-0.4%
Fred Alger Management	2.54 mm	$97.96 bn	-37.8%
Alger Associates	2.54 mm	$109.00 mm	-42.4%
FMR	2.29 mm	$88.10 bn	+2.5%
Conestoga Capital Advisors	2.28 mm	$87.81 bn	-18.7%
Legacy Advisors	2.16 mm	$83.30 bn	-0.0%
JPM JPMorgan Chase & Co.	1.79 mm	$69.01 bn	-10.7%

Largest transactions	Shares	Bought/sold	Change
BlackRock	5.01 mm	+5.01 mm	NEW
BLK BlackRock	0.00	-4.66 mm	EXIT
Alger Associates	2.54 mm	-1.87 mm	-42.4%
WSFS Capital Management	0.00	-1.60 mm	EXIT
Fred Alger Management	2.54 mm	-1.54 mm	-37.8%
AMP Ameriprise Financial	977.62 k	+671.48 k	+219.3%
Tensile Capital Management	4.05 mm	-580.00 k	-12.5%
Brown Capital Management	543.70 k	+543.70 k	NEW
Conestoga Capital Advisors	2.28 mm	-525.50 k	-18.7%
Premier Fund Managers	524.78 k	+465.61 k	+787.0%

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
31 Jan 25	Ryan J Leib	Class A Common Stock	Payment of exercise	Dispose F	No	No	57.75	1,281	73.98 k	2,870
31 Jan 25	Ryan J Leib	Class A Common Stock	Option exercise	Acquire M	No	No	0	4,019	0.00	4,151
31 Jan 25	Ryan J Leib	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	4,019	0.00	12,058
23 Jan 25	SECOND IRR. TRUST FBO KYLE R. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 ITEM	Class A Common Stock	Sell	Dispose S	No	No	56.52	18,157	1.03 mm	1,211,100
22 Jan 25	SECOND IRR. TRUST FBO KYLE R. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 ITEM	Class A Common Stock	Sell	Dispose S	No	No	56.48	53,843	3.04 mm	1,229,257
31 Dec 24	Jeffery Westphal	Class A Common Stock	Gift	Dispose G	No	No	0	450,000	0.00	7,895
23 Dec 24	SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 ITEM	Class A Common Stock	Gift	Dispose G	No	No	0	37,000	0.00	578,073.706
23 Dec 24	SECOND IRR. TRUST FBO JACOB J. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 ITEM	Class A Common Stock	Gift	Dispose G	No	No	0	37,000	0.00	745,706