Virtuix (NASDAQ:VTIX) COO David Robert Malcolm Allan Sells 78,259 Shares

Virtuix Holdings Inc. (NASDAQ:VTIX) COO David Robert Malcolm Allan sold 78,259 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $1.56, for a total transaction of $122,084.04. Following the sale, the chief operating officer owned 126,650 shares of the company’s stock, valued at $197,574. This represents a 38.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Robert Malcolm Allan also recently made the following trade(s):

• On Wednesday, July 29th, David Robert Malcolm Allan sold 74,270 shares of Virtuix stock. The shares were sold at an average price of $1.60, for a total transaction of $118,832.00.
• On Tuesday, July 28th, David Robert Malcolm Allan sold 220,821 shares of Virtuix stock. The stock was sold at an average price of $1.79, for a total transaction of $395,269.59.

Virtuix Stock Performance

Shares of Virtuix stock opened at $1.57 on Friday. The stock has a fifty day moving average price of $3.07. Virtuix Holdings Inc. has a 12-month low of $1.45 and a 12-month high of $92.74. The company has a market cap of $45.37 million and a price-to-earnings ratio of -3.27.

Virtuix (NASDAQ:VTIX) last issued its quarterly earnings data on Thursday, June 25th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.03. The firm had revenue of $1.27 million for the quarter.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Virtuix from a “sell” rating to a “strong sell” rating in a report on Saturday. Maxim Group began coverage on Virtuix in a report on Thursday, June 18th. They issued a “buy” rating and a $11.00 price objective for the company. Zacks Research upgraded Virtuix to a “hold” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings raised Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus 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.