Virtuix (NASDAQ:VTIX) COO Sells $118,832.00 in Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) COO David Robert Malcolm Allan sold 74,270 shares of Virtuix stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $1.60, for a total transaction of $118,832.00. Following the transaction, the chief operating officer directly owned 204,909 shares in the company, valued at $327,854.40. This represents a 26.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $1.56, for a total transaction 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 transaction of $395,269.59.

Virtuix Stock Performance

Virtuix stock opened at $1.57 on Monday. Virtuix Holdings Inc. has a fifty-two week low of $1.45 and a fifty-two week high of $92.74. The stock’s 50-day moving average price is $3.07. The stock has a market capitalization of $45.37 million and a PE ratio of -3.27.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Zacks Research raised Virtuix to a “hold” rating in a research report on Tuesday, April 14th. Weiss Ratings raised shares of Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. Wall Street Zen lowered Virtuix from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, Maxim Group initiated coverage on Virtuix in a report on Thursday, June 18th. They set a “buy” rating and a $11.00 price objective for the company. One investment 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.