Virtuix (NASDAQ:VTIX) COO David Robert Malcolm Allan Sells 220,821 Shares

Virtuix Holdings Inc. (NASDAQ:VTIX) COO David Robert Malcolm Allan sold 220,821 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $1.79, for a total value of $395,269.59. Following the transaction, the chief operating officer owned 279,179 shares of the company’s stock, valued at approximately $499,730.41. This trade represents a 44.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Virtuix Stock Up 6.6%

Shares of Virtuix stock traded up $0.10 during trading on Thursday, reaching $1.61. The stock had a trading volume of 969,762 shares, compared to its average volume of 504,150. The company has a market cap of $46.53 million and a P/E ratio of -3.35. The business’s fifty day simple moving average is $3.11. Virtuix Holdings Inc. has a 52 week low of $1.45 and a 52 week high of $92.74.

Virtuix (NASDAQ:VTIX) last posted its quarterly earnings data on Thursday, June 25th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.03. The firm had revenue of $1.27 million for the quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Virtuix from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. 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 set a “buy” rating and a $11.00 target price on the stock. Finally, Weiss Ratings raised Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Virtuix presently has an average rating of “Hold” and a consensus target price of $11.00.

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.