Virtuix (NASDAQ:VTIX) CEO Sells $40,510.80 in Stock

Key Points

• CEO Jan Roger Goetgeluk sold a total of 24,695 Virtuix shares across April 6–9 for roughly $152,617 (including a 6,534‑share sale on April 8 for $40,510.80), trimming his stake by 0.15% to 4,483,194 shares (about $27.8M).
• Shares fell 5.6% to $6.12 on Friday amid light trading (55,066 vs. average 358,411), trading near the 50‑day moving average of $6.50 and far below its one‑year high of $92.74.
• The company reported a quarterly loss of $0.09 EPS on $0.96M revenue, and Wall Street Zen recently downgraded VTIX from a "hold" to a "sell."

Virtuix Holdings Inc. (NASDAQ:VTIX - Get Free Report) CEO Jan Roger Goetgeluk sold 6,534 shares of Virtuix stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $6.20, for a total transaction of $40,510.80. Following the transaction, the chief executive officer directly owned 4,483,194 shares in the company, valued at approximately $27,795,802.80. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, April 9th, Jan Roger Goetgeluk sold 7,889 shares of Virtuix stock. The stock was sold at an average price of $6.41, for a total value of $50,568.49.
• 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 value 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 value of $36,083.88.

Virtuix Trading Down 5.6%

Shares of VTIX traded down $0.36 during trading hours on Friday, hitting $6.12. The company had a trading volume of 55,066 shares, compared to its average volume of 358,411. Virtuix Holdings Inc. has a one year low of $4.39 and a one year high of $92.74. The business's fifty day moving average price is $6.50.

Virtuix (NASDAQ:VTIX - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $0.96 million during the quarter.

Wall Street Analysts Forecast Growth

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

Virtuix Company Profile

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.