Insider Selling: Virtuix (NASDAQ:VTIX) CEO Sells 3,842 Shares of Stock

Key Points

• CEO Jan Roger Goetgeluk sold 3,842 shares on April 13 at $6.17 (≈$23,705) and, including sales April 6–14, has sold about 35,250 shares for roughly $219,500.
• After the transactions he still owns 4,471,463 shares, valued at approximately $27.59 million, a position reduction of about 0.09%.
• Virtuix (VTIX) traded at $6.43 (up 1.7%) on mid-day with below-average volume, and Wall Street Zen downgraded the stock from "hold" to "sell."

Virtuix Holdings Inc. (NASDAQ:VTIX - Get Free Report) CEO Jan Roger Goetgeluk sold 3,842 shares of the firm's stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $6.17, for a total transaction of $23,705.14. Following the completion of the sale, the chief executive officer owned 4,471,463 shares of the company's stock, valued at approximately $27,588,926.71. The trade was a 0.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jan Roger Goetgeluk also recently made the following trade(s):

• On Tuesday, April 14th, Jan Roger Goetgeluk sold 6,713 shares of Virtuix stock. The shares were sold at an average price of $6.43, for a total transaction of $43,164.59.
• On Thursday, April 9th, Jan Roger Goetgeluk sold 7,889 shares of Virtuix stock. The shares were sold at an average price of $6.41, for a total transaction of $50,568.49.
• On Wednesday, April 8th, Jan Roger Goetgeluk sold 6,534 shares of Virtuix stock. The shares were sold at an average price of $6.20, for a total transaction of $40,510.80.
• On Tuesday, April 7th, Jan Roger Goetgeluk sold 4,278 shares of Virtuix stock. The shares were sold at an average price of $5.95, for a total transaction of $25,454.10.
• On Monday, April 6th, Jan Roger Goetgeluk sold 5,994 shares of Virtuix stock. The shares were sold at an average price of $6.02, for a total transaction of $36,083.88.

Virtuix Stock Up 1.7%

NASDAQ:VTIX traded up $0.11 during mid-day trading on Wednesday, reaching $6.43. The stock had a trading volume of 100,789 shares, compared to its average volume of 342,981. Virtuix Holdings Inc. has a twelve month low of $4.39 and a twelve month high of $92.74. The firm's 50 day moving average price is $6.52.

Virtuix (NASDAQ:VTIX - Get Free Report) last announced its quarterly earnings data on Friday, March 6th. The company reported ($0.09) EPS for the quarter. The company had revenue of $0.96 million for the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Virtuix from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th.

About Virtuix

Virtuix NASDAQ: VTIX is a company that develops and commercializes hardware and software for immersive virtual reality (VR) locomotion and related experiences. Its core focus is on enabling natural movement inside virtual environments through purpose-built platforms and systems that pair motion-control hardware with software integrations for games, training and location-based entertainment.

The company is best known for its Omni family of omnidirectional locomotion platforms, which are designed to allow users to walk, run and maneuver in 360 degrees within a virtual space while remaining stationary in the real world.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.