Virtuix Holdings Inc. (NASDAQ:VTIX – Get Free Report) COO David Robert Malcolm Allan sold 74,270 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $1.60, for a total value of $118,832.00. Following the completion of the sale, the chief operating officer owned 204,909 shares in the company, valued at $327,854.40. The trade was a 26.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 Price Performance
Shares of NASDAQ:VTIX opened at $1.57 on Friday. 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 P/E ratio of -3.27. The firm has a 50 day moving average of $3.07.
Analyst Ratings Changes
A number of brokerages recently issued reports on VTIX. Wall Street Zen downgraded shares of Virtuix from a “sell” rating to a “strong sell” rating in a report on Saturday. Maxim Group started coverage on shares of Virtuix in a research report on Thursday, June 18th. They set a “buy” rating and a $11.00 price target on the stock. Zacks Research raised shares of Virtuix to a “hold” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings upgraded shares of 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.00.
Read Our Latest Stock Report on Virtuix
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.
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