Insider Selling: Virtuix (NASDAQ:VTIX) CEO Sells 112,563 Shares of Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) CEO Jan Roger Goetgeluk sold 112,563 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $6.96, for a total transaction of $783,438.48. Following the sale, the chief executive officer owned 4,309,689 shares of the company’s stock, valued at approximately $29,995,435.44. This represents a 2.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $6.02, for a total transaction of $36,083.88.

Virtuix Stock Performance

Shares of NASDAQ VTIX traded down $1.42 during mid-day trading on Wednesday, reaching $5.26. 681,861 shares of the company were exchanged, compared to its average volume of 356,934. The firm’s 50-day moving average is $6.57. Virtuix Holdings Inc. has a twelve month low of $4.39 and a twelve month high of $92.74.

Virtuix (NASDAQ:VTIX) last issued 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.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings assumed coverage on shares of Virtuix in a research note on Monday. They issued a “sell (e-)” rating for the company. Zacks Research upgraded shares of Virtuix to a “hold” rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen cut shares of Virtuix from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Virtuix presently has a consensus rating of “Reduce”.

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.