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

Virtuix Holdings Inc. (NASDAQ:VTIX) CEO Jan Roger Goetgeluk sold 6,534 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $6.20, for a total transaction of $40,510.80. Following the completion of the transaction, the chief executive officer owned 4,483,194 shares in the company, valued at approximately $27,795,802.80. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $6.41, for a total transaction 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 transaction 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 transaction of $36,083.88.

Virtuix Price Performance

NASDAQ VTIX opened at $6.12 on Monday. Virtuix Holdings Inc. has a 12 month low of $4.39 and a 12 month high of $92.74. The company’s 50-day moving average is $6.49.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Virtuix from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th.

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.