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)	326.07 mm	326.07 mm	326.07 mm	326.07 mm	326.07 mm	326.07 mm
Cash burn (monthly)	(no burn)	(no burn)	4.37 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	10.35 mm	n/a	n/a	n/a
Cash remaining	n/a	n/a	315.72 mm	n/a	n/a	n/a
Runway (months of cash)	n/a	n/a	72.3	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Vertex earnings reports.

Institutional ownership, Q4 2024

VERX institutional ownership history Ownership history

48.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	252	220	+14.5%
Opened positions	57	45	+26.7%
Closed positions	25	31	-19.4%
Increased positions	92	84	+9.5%
Reduced positions	78	63	+23.8%

13F shares	Current	Prev Q	Change
Total value	3.32 tn	2.41 tn	+38.0%
Total shares	76.32 mm	71.73 mm	+6.4%
Total puts	9.60 k	26.00 k	-63.1%
Total calls	2.88 mm	2.94 mm	-2.1%
Total put/call ratio	0.0	0.0	-62.3%

Largest owners	Shares	Value	Change
Vanguard	6.86 mm	$365.93 bn	+2.0%
BlackRock	6.31 mm	$336.64 bn	+26.0%
Tensile Capital Management	3.77 mm	$201.11 mm	-7.0%
Neuberger Berman	3.53 mm	$188.20 bn	+1.5%
FMR	2.87 mm	$153.03 bn	+25.4%
Alger Associates	2.54 mm	$109.00 mm	0.0%
Conestoga Capital Advisors	2.26 mm	$120.66 bn	-0.8%
BEN Franklin Resources	2.13 mm	$113.59 bn	+26.0%
Fred Alger Management	2.06 mm	$109.92 bn	-19.0%
Loomis Sayles & Co L P	1.52 mm	$81.17 mm	-2.8%

Largest transactions	Shares	Bought/sold	Change
BlackRock	6.31 mm	+1.30 mm	+26.0%
IVZ Invesco	1.51 mm	+1.17 mm	+342.5%
Kayne Anderson Rudnick Investment Management	1.16 mm	+1.16 mm	NEW
William Blair Investment Management	0.00	-843.01 k	EXIT
Legacy Advisors	1.40 mm	-765.28 k	-35.4%
TimesSquare Capital Management	992.66 k	-662.74 k	-40.0%
T. Rowe Price	851.13 k	+596.08 k	+233.7%
FMR	2.87 mm	+580.66 k	+25.4%
PFG Principal Financial	572.25 k	+524.57 k	+1100.4%
JPM JPMorgan Chase & Co.	1.27 mm	-519.80 k	-29.0%

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
4 Mar 25	Bradley M Gayton	Class A Common Stock	Buy	Acquire P	No	No	31.8493	9,350	297.79 k	47,535
4 Mar 25	Bradley M Gayton	Class A Common Stock	Buy	Acquire P	No	No	31.815	50	1.59 k	38,185
4 Mar 25	Andersen Eric C.	Class A Common Stock	Option exercise	Acquire M	No	No	2.5	22,000	55.00 k	105,014
4 Mar 25	Andersen Eric C.	Stock Option Class A Common Stock	Option exercise	Dispose M	No	No	2.5	22,000	55.00 k	0
28 Feb 25	Schwab John R	Class A Common Stock	Payment of exercise	Dispose F	No	No	32.29	932	30.09 k	89,624
28 Feb 25	Schwab John R	Class A Common Stock	Option exercise	Acquire M	No	No	0	1,721	0.00	90,556
28 Feb 25	Schwab John R	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	1,721	0.00	0
28 Feb 25	Rowland Bryan T.R.	Class A Common Stock	Payment of exercise	Dispose F	No	No	32.29	239	7.72 k	11,255
28 Feb 25	Rowland Bryan T.R.	Class A Common Stock	Option exercise	Acquire M	No	No	0	867	0.00	11,494
28 Feb 25	Rowland Bryan T.R.	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	867	0.00	0