Insider Selling: Virtuix (NASDAQ:VTIX) CEO Sells 4,278 Shares of Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) CEO Jan Roger Goetgeluk sold 4,278 shares of Virtuix stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $5.95, for a total transaction of $25,454.10. Following the completion of the transaction, the chief executive officer directly owned 4,489,728 shares in the company, valued at $26,713,881.60. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Stock Performance

NASDAQ:VTIX traded up $0.43 during trading hours on Wednesday, reaching $6.35. 81,375 shares of the company’s stock were exchanged, compared to its average volume of 370,071. Virtuix Holdings Inc. has a 12 month low of $4.39 and a 12 month high of $92.74. The stock has a 50-day moving average price of $6.63.

Virtuix (NASDAQ:VTIX) last announced 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 during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Virtuix from a “hold” rating to a “sell” rating in a research note on Saturday.

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.