Virtuix (NASDAQ:VTIX) COO David Robert Malcolm Allan Sells 74,270 Shares

Virtuix Holdings Inc. (NASDAQ:VTIX) COO David Robert Malcolm Allan sold 74,270 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $1.60, for a total value of $118,832.00. Following the transaction, the chief operating officer directly owned 204,909 shares in the company, valued at approximately $327,854.40. This represents a 26.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

David Robert Malcolm Allan also recently made the following trade(s):

• On Thursday, July 30th, David Robert Malcolm Allan sold 78,259 shares of Virtuix stock. The stock was sold at an average price of $1.56, for a total value of $122,084.04.
• On Tuesday, July 28th, David Robert Malcolm Allan sold 220,821 shares of Virtuix stock. The shares were sold at an average price of $1.79, for a total value of $395,269.59.

Virtuix Stock Down 2.5%

NASDAQ VTIX traded down $0.04 during trading hours on Friday, hitting $1.57. 486,066 shares of the company’s stock were exchanged, compared to its average volume of 504,134. The stock has a 50 day simple moving average of $3.07. Virtuix Holdings Inc. has a 12-month low of $1.45 and a 12-month high of $92.74. The firm has a market capitalization of $45.37 million and a price-to-earnings ratio of -3.27.

Virtuix (NASDAQ:VTIX) last posted its quarterly earnings results on Thursday, June 25th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.03. The business had revenue of $1.27 million during the quarter.

Analyst Ratings Changes

VTIX has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. Zacks Research upgraded Virtuix to a “hold” rating in a report on Tuesday, April 14th. Maxim Group started coverage on Virtuix in a report on Thursday, June 18th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Wall Street Zen downgraded Virtuix from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.00.

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.