Vertex Inc. appoints Ralf Gärtner as SVP and Regional Manager of Europe to enhance compliance and growth strategies.
Quiver AI Summary
Vertex Inc. has appointed Ralf Gärtner as the new Senior Vice President and Regional Manager of Europe, which aligns with the company's strategy to enhance its regional capabilities and commitment to innovation in the evolving European market. Gärtner, who brings over 30 years of experience in tax and corporate performance management, has a successful track record in driving growth and delivering innovative solutions. His background includes leading a global high-growth business at Wolters Kluwer. In his new role, Gärtner is expected to advance Vertex's operations in Europe, helping organizations with compliance and sustainable growth through technology-driven solutions. This move reflects Vertex's ongoing expansion and aim to provide significant value to its clients amidst the complexities of the European regulatory landscape.
Potential Positives
- Appointment of Ralf Gärtner as Senior Vice President and Regional Manager of Europe enhances Vertex's leadership capabilities and strengthens its commitment to innovation and compliance.
- Gärtner's extensive global leadership experience and proven track record in tax and technology align well with Vertex's mission to support enterprises with seamless, technology-driven compliance solutions.
- This strategic hiring highlights Vertex's growth and expansion efforts in Europe's complex business environment, positioning the company to deliver greater value to customers and partners.
- Vertex's capabilities in automated tax compliance and AI-powered tools like Vertex Copilot position the company to help businesses navigate regulatory changes effectively, potentially leading to increased market share.
Potential Negatives
- Appointment of Ralf Gärtner suggests a need for strong leadership during a period of change and complexity in the European market, which may imply previous insufficiencies in the company's leadership or strategy.
- The press release emphasizes the rapidly evolving business landscape in Europe, indicating potential challenges and uncertainties that could impact Vertex's operations in the region.
- Despite highlighting strengths, the need for a new SVP to lead European operations may raise concerns about the company’s previous performance in that region.
FAQ
Who is the new Senior Vice President at Vertex?
Ralf Gärtner has been appointed as the new Senior Vice President and Regional Manager of Europe at Vertex.
What will Ralf Gärtner's role at Vertex entail?
He will advance Vertex's European and global operations, focusing on compliance, transformation, and sustainable growth.
What experience does Ralf Gärtner bring to Vertex?
Gärtner brings over 30 years of leadership experience in tax, corporate performance management, and accounting automation.
How is Vertex enhancing its presence in Europe?
Vertex is expanding its strategic presence in Europe to deliver more value amidst changing market dynamics.
What solutions does Vertex provide for tax compliance?
Vertex offers automated indirect tax compliance, real-time VAT determination, and AI-powered tools like Vertex Copilot.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VERX Insider Trading Activity
$VERX insiders have traded $VERX stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $VERX stock by insiders over the last 6 months:
- JEFFREY WESTPHAL has made 0 purchases and 3 sales selling 3,000,000 shares for an estimated $115,350,000.
- DAVID DESTEFANO (PRESIDENT & CEO) has made 0 purchases and 5 sales selling 472,531 shares for an estimated $17,677,609.
- SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL U/A OF JEFFREY R. WESTPHAL DATED OCTOBER 5, 2001 ITEM has made 0 purchases and 6 sales selling 405,000 shares for an estimated $14,786,236.
- RYAN J LEIB (Chief Accounting Officer) sold 5,755 shares for an estimated $218,690
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VERX Hedge Fund Activity
We have seen 146 institutional investors add shares of $VERX stock to their portfolio, and 136 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WASATCH ADVISORS LP added 2,498,730 shares (+inf%) to their portfolio in Q2 2025, for an estimated $88,292,624
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 2,490,097 shares (+231.0%) to their portfolio in Q3 2025, for an estimated $61,729,504
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 2,429,416 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $85,843,414
- CHAMPLAIN INVESTMENT PARTNERS, LLC added 1,708,810 shares (+inf%) to their portfolio in Q2 2025, for an estimated $60,380,801
- LEGACY ADVISORS, LLC removed 1,276,297 shares (-96.4%) from their portfolio in Q2 2025, for an estimated $45,097,954
- WELLINGTON MANAGEMENT GROUP LLP added 1,223,596 shares (+inf%) to their portfolio in Q2 2025, for an estimated $43,235,764
- GENEVA CAPITAL MANAGEMENT LLC added 974,530 shares (+47.7%) to their portfolio in Q2 2025, for an estimated $34,435,017
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$VERX Analyst Ratings
Wall Street analysts have issued reports on $VERX in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Stephens & Co. issued a "Overweight" rating on 09/29/2025
- JMP Securities issued a "Market Outperform" rating on 08/07/2025
- Goldman Sachs issued a "Buy" rating on 08/07/2025
- Needham issued a "Buy" rating on 08/06/2025
- Piper Sandler issued a "Overweight" rating on 06/16/2025
To track analyst ratings and price targets for $VERX, check out Quiver Quantitative's $VERX forecast page.
$VERX Price Targets
Multiple analysts have issued price targets for $VERX recently. We have seen 8 analysts offer price targets for $VERX in the last 6 months, with a median target of $37.0.
Here are some recent targets:
- Steven Enders from Citigroup set a target price of $29.0 on 10/28/2025
- Brett Huff from Stephens & Co. set a target price of $30.0 on 09/29/2025
- Brad Sills from B of A Securities set a target price of $34.0 on 08/08/2025
- Patrick Walravens from JMP Securities set a target price of $50.0 on 08/07/2025
- Adam Hotchkiss from Goldman Sachs set a target price of $43.0 on 08/07/2025
- Daniel Jester from BMO Capital set a target price of $30.0 on 08/07/2025
- Joshua Reilly from Needham set a target price of $40.0 on 08/06/2025
Full Release
LONDON, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a leading global provider of indirect tax solutions, today announced the appointment of Ralf Gärtner as the Company’s new Senior Vice President (SVP) and Regional Manager of Europe. This strategic appointment supports Vertex’s global strategy of building strong regional capabilities where its customers operate, while reinforcing its commitment to innovation and enhanced international compliance across Europe’s rapidly evolving business landscape.
Gärtner brings over 30 years of global leadership experience in tax, corporate performance management, ERP and accounting automation. He has a strong track record in delivering new innovations that drive real value for customers as well as driving scale and expanding sales- and partner networks globally. Having led a true global high-growth business in his previous role at Wolters Kluwer, his expertise directly aligns with Vertex’s mission to support enterprises globally by delivering seamless, technology-driven compliance solutions. Gärtner will play a pivotal role in advancing Vertex’s European and global operations, helping organisations ensure compliance, drive transformation, and achieve sustainable growth.
“Ralf’s extensive experience in tax, corporate performance management, ERP and accounting automation makes him a valuable addition to our leadership team,” said Chris Jones, Chief Commercial Officer at Vertex. “His deep understanding of the European regulatory landscape and proven track record in driving growth, transformation and building high performing teams will help us deliver tailored solutions and lasting value to our customers.”
“I am delighted to join Vertex and contribute to its ongoing success and to help accelerate growth globally and in Europe,” Gärtner added. “Throughout my career, I have witnessed the transformative impact that innovative technology can have on businesses navigating complex regulatory environments. I look forward to working closely with our customers and partners and our fantastic Vertex team to provide solutions that enhance efficiency and compliance, and to help businesses unlock new opportunities in a transforming market.”
Furthermore, in response to these market dynamics, Vertex continues to expand its strategic presence in Europe to deliver tangible value to customers, partners, and shareholders. This appointment demonstrates how the Company is growing and strengthening its footprint to provide more as businesses encounter significant change and complexity in Europe.
With coverage across 20,000+ global tax jurisdictions and e-invoicing in 45 countries, Vertex delivers automated indirect tax compliance, real-time VAT determination, and AI-powered tools like Vertex Copilot. Its strong European presence and customer-first approach help businesses stay ahead of new mandates, optimise ERP integrations, and expand internationally with confidence.
For more information about Vertex and its global tax compliance solutions, visit www.vertexinc.com .
About Vertex
Vertex, Inc. is a leading global provider of indirect tax solutions. The Company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex empowers the world’s leading brands to simplify the complexity of continuous compliance.
For more information, visit www.vertexinc.com or follow us on X and LinkedIn .
COPYRIGHT © 2025 VERTEX, INC. ALL RIGHTS RESERVED. THE INFORMATION CONTAINED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY, MAY CHANGE AT ANY TIME IN THE FUTURE, AND IS NOT LEGAL OR TAX ADVICE.
Vertex Company Contact:
Rachel Litcofsky
Manager, Public Relations
[email protected]
Investor Relations Contact:
Joe Crivelli
VP, Investor Relations
[email protected]