Insider Selling: Virtuix (NASDAQ:VTIX) CEO Sells 20,279 Shares of Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) CEO Jan Roger Goetgeluk sold 20,279 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $3.58, for a total transaction of $72,598.82. Following the completion of the transaction, the chief executive officer owned 4,000,000 shares of the company’s stock, valued at approximately $14,320,000. The trade was a 0.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, May 5th, Jan Roger Goetgeluk sold 77,432 shares of Virtuix stock. The shares were sold at an average price of $4.04, for a total transaction of $312,825.28.
• On Monday, May 4th, Jan Roger Goetgeluk sold 24,177 shares of Virtuix stock. The shares were sold at an average price of $3.50, for a total transaction of $84,619.50.
• On Thursday, April 30th, Jan Roger Goetgeluk sold 13,563 shares of Virtuix stock. The shares were sold at an average price of $3.40, for a total transaction of $46,114.20.
• On Wednesday, April 29th, Jan Roger Goetgeluk sold 18,696 shares of Virtuix stock. The shares were sold at an average price of $3.32, for a total transaction of $62,070.72.
• On Tuesday, April 28th, Jan Roger Goetgeluk sold 15,899 shares of Virtuix stock. The shares were sold at an average price of $3.52, for a total transaction of $55,964.48.
• On Monday, April 27th, Jan Roger Goetgeluk sold 28,696 shares of Virtuix stock. The shares were sold at an average price of $3.69, for a total transaction of $105,888.24.
• On Thursday, April 23rd, Jan Roger Goetgeluk sold 61,825 shares of Virtuix stock. The shares were sold at an average price of $4.58, for a total transaction of $283,158.50.
• On Wednesday, April 22nd, Jan Roger Goetgeluk sold 49,122 shares of Virtuix stock. The shares were sold at an average price of $5.96, for a total transaction of $292,767.12.
• On Tuesday, April 21st, Jan Roger Goetgeluk sold 112,563 shares of Virtuix stock. The shares were 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 shares were sold at an average price of $6.62, for a total transaction of $165,433.80.

Virtuix Stock Performance

NASDAQ:VTIX traded up $0.08 on Friday, reaching $4.05. 194,426 shares of the stock traded hands, compared to its average volume of 362,261. Virtuix Holdings Inc. has a 12 month low of $3.14 and a 12 month high of $92.74. The stock’s fifty day moving average is $6.28.

Virtuix (NASDAQ:VTIX) last released its quarterly earnings data on Friday, March 6th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $0.96 million for the quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VTIX shares. Weiss Ratings started coverage on shares of Virtuix in a report on Monday, April 20th. They set a “sell (e-)” rating on the stock. Zacks Research raised shares of Virtuix to a “hold” rating in a report on Tuesday, April 14th. Finally, Wall Street Zen downgraded shares of Virtuix from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.