Investment Firm Sheds 384,000 Shares of VERX Stock, According to Latest SEC Filing

5 hours ago 2

Jake Lerch, The Motley Fool

Tue, March 10, 2026 astatine 11:12 AM CDT 4 min read

On February 17, 2026, Tensile Capital Management LP reported selling 384,415 shares of Vertex (NASDAQ:VERX) successful the 4th quarter, an estimated $8.32 cardinal commercialized based connected quarterly mean pricing.

According to an SEC filing dated February 17, 2026, Tensile Capital Management LP sold 384,415 shares of Vertex successful the 4th fourth of 2025. The estimated worth of the shares sold is $8.32 million, based connected the mean closing terms for the quarter. The quarter-end worth of the involvement declined by $26.01 million, reflecting some trading enactment and banal terms movement.

Following the reduction, the presumption comprises 8.8% of 13F reportable AUM.

Top 5 money holdings aft the filing:

NYSE: LAD: $74.70 cardinal (9.7% of AUM)
NYSE: DKS: $70.84 cardinal (9.2% of AUM)
NASDAQ: VERX: $68.30 cardinal (8.9% of AUM)
NYSE: CCK: $63.04 cardinal (8.2% of AUM)
NYSE: VVV: $60.99 cardinal (7.9% of AUM)

As of February 17, 2026, shares were priced astatine $12.34, down 74.09% implicit the anterior year.

The presumption was antecedently 11.8% of the fund's AUM arsenic of the anterior quarter.

Metric

Value

Price (as of marketplace adjacent 2/17/26)	$12.34
Market capitalization	$1.97 billion
Revenue (TTM)	$748.44 million
Net income (TTM)	$7.21 million

Vertex provides taxation exertion solutions, including taxation determination, compliance and reporting, taxation information management, papers management, and pre-built integrations, chiefly delivered arsenic bundle licenses and SaaS subscriptions.
The institution generates gross done bundle sales, cloud-based subscriptions, implementation and grooming services, and taxation returns outsourcing.
Its superior customers are corporations successful retail, communications, leasing, and manufacturing sectors, some successful the United States and internationally.

Vertex is simply a starring supplier of taxation exertion software, serving a divers basal of firm clients with scalable solutions for analyzable taxation compliance needs. The institution leverages a operation of bundle licensing and SaaS models to thrust recurring gross and support beardown lawsuit relationships. Its absorption connected integration and industry-specific offerings positions it arsenic a strategical spouse for enterprises seeking to streamline taxation operations and guarantee regulatory compliance.

Tensile Capital, a California-based concern firm, precocious disclosed the merchantability of 384,000 shares of Vertex, a bundle stock. The transaction was valued astatine astir $8.3 million. Here’s what investors should cognize astir it.

First, we should enactment this merchantability successful context. As of December 31, 2025, Tensile inactive held much than 3.4 cardinal shares of Vertex. So, portion this merchantability was sizable, it lone represented astir a 10% chopped from the firm’s wide holdings of the stock. What’s more, Vertex remains 1 of Tensile’s largest banal holdings — ranking 3rd among 24 holdings.

Read Entire Article