Insider Selling: Virtuix (NASDAQ:VTIX) CEO Sells $292,767.12 in Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) CEO Jan Roger Goetgeluk sold 49,122 shares of Virtuix stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $5.96, for a total value of $292,767.12. Following the sale, the chief executive officer directly owned 4,260,567 shares in the company, valued at approximately $25,392,979.32. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, April 23rd, Jan Roger Goetgeluk sold 61,825 shares of Virtuix stock. The stock was sold at an average price of $4.58, for a total value of $283,158.50.
• On Tuesday, April 21st, Jan Roger Goetgeluk sold 112,563 shares of Virtuix stock. The stock was sold at an average price of $6.96, for a total value of $783,438.48.
• 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $25,454.10.

Virtuix Stock Performance

Shares of NASDAQ VTIX opened at $4.03 on Monday. Virtuix Holdings Inc. has a 1 year low of $3.80 and a 1 year high of $92.74. The stock’s 50-day simple moving average is $6.54.

Virtuix (NASDAQ:VTIX) last announced its earnings results on Friday, March 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $0.96 million during the quarter.

Analysts Set New Price Targets

VTIX has been the subject of a number of research reports. Wall Street Zen downgraded Virtuix from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Zacks Research upgraded Virtuix to a “hold” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings initiated coverage on Virtuix in a research note on Monday, April 20th. They issued a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.