Insider Selling: Virtuix (NASDAQ:VTIX) CEO Sells 5,994 Shares of Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) CEO Jan Roger Goetgeluk sold 5,994 shares of Virtuix stock in a transaction on Monday, April 6th. The shares were sold at an average price of $6.02, for a total value of $36,083.88. Following the transaction, the chief executive officer owned 4,494,006 shares of the company’s stock, valued at $27,053,916.12. The trade was a 0.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, April 7th, Jan Roger Goetgeluk sold 4,278 shares of Virtuix stock. The stock was sold at an average price of $5.95, for a total value of $25,454.10.

Virtuix Price Performance

Shares of NASDAQ:VTIX traded up $0.43 on Wednesday, hitting $6.35. 81,375 shares of the company traded hands, compared to its average volume of 370,071. The business has a 50 day moving average price of $6.63. Virtuix Holdings Inc. has a 52 week low of $4.39 and a 52 week high of $92.74.

Virtuix (NASDAQ:VTIX) last announced its quarterly earnings results on Thursday, March 5th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $0.96 million for 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.

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.