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

Virtuix Holdings Inc. (NASDAQ:VTIX) COO David Robert Malcolm Allan sold 78,259 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was 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 approximately $197,574. The trade was a 38.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $1.79, for a total value of $395,269.59.

Virtuix Stock Performance

Shares of VTIX opened at $1.57 on Friday. The firm has a 50-day moving average of $3.07. The stock has a market cap of $45.37 million and a price-to-earnings ratio of -3.27. Virtuix Holdings Inc. has a 12-month low of $1.45 and a 12-month high of $92.74.

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

Wall Street Analyst Weigh In

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

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.