Virtuix (NASDAQ:VTIX) CEO Sells $292,767.12 in Stock

Key Points

• CEO Jan Roger Goetgeluk sold a total of 295,264 shares in multiple trades between April 7–23, raising about $1.82 million (including a 49,122-share sale on April 22 for $292,767) and leaving him with 4,260,567 shares valued at roughly $25.39 million.
• Virtuix shares traded at $4.03 midday (below the 50-day SMA of $6.56 and near a 1-year low of $3.80), the company reported quarterly EPS of -$0.09 on $0.96M revenue, and analysts have an average rating of "Reduce" following recent downgrades.

Virtuix Holdings Inc. (NASDAQ:VTIX - Get Free Report) CEO Jan Roger Goetgeluk sold 49,122 shares of the business's stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $5.96, for a total transaction of $292,767.12. Following the completion of the sale, the chief executive officer directly owned 4,260,567 shares of the company's stock, valued at $25,392,979.32. The trade was a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, April 23rd, Jan Roger Goetgeluk sold 61,825 shares of Virtuix stock. The stock was sold at an average price of $4.58, for a total transaction of $283,158.50.
• On Tuesday, April 21st, Jan Roger Goetgeluk sold 112,563 shares of Virtuix stock. The stock was sold at an average price of $6.96, for a total transaction of $783,438.48.
• On Monday, April 20th, Jan Roger Goetgeluk sold 24,990 shares of Virtuix stock. The stock was sold at an average price of $6.62, for a total transaction of $165,433.80.
• On Thursday, April 16th, Jan Roger Goetgeluk sold 9,323 shares of Virtuix stock. The stock was sold at an average price of $6.14, for a total transaction of $57,243.22.
• On Wednesday, April 15th, Jan Roger Goetgeluk sold 8,185 shares of Virtuix stock. The stock was sold at an average price of $6.40, for a total transaction of $52,384.00.
• 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 Monday, April 13th, Jan Roger Goetgeluk sold 3,842 shares of Virtuix stock. The shares were sold at an average price of $6.17, for a total transaction of $23,705.14.
• 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.

Virtuix Stock Performance

Shares of NASDAQ VTIX traded down $0.37 during midday trading on Friday, hitting $4.03. The company's stock had a trading volume of 631,160 shares, compared to its average volume of 367,157. Virtuix Holdings Inc. has a 1-year low of $3.80 and a 1-year high of $92.74. The business has a fifty day simple moving average of $6.56.

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

Analysts Set New Price Targets

VTIX has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Virtuix from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Weiss Ratings began coverage on shares of Virtuix in a research note on Monday. They set a "sell (e-)" rating for the company. Finally, Zacks Research upgraded shares of Virtuix to a "hold" rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Virtuix presently has an average rating of "Reduce".

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.

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