Virtuix (NASDAQ:VTIX) COO David Robert Malcolm Allan Sells 81,879 Shares of Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) COO David Robert Malcolm Allan sold 81,879 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1.47, for a total value of $120,362.13. Following the sale, the chief operating officer directly owned 44,771 shares in the company, valued at approximately $65,813.37. This trade represents a 64.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, August 5th, David Robert Malcolm Allan sold 9,002 shares of Virtuix stock. The stock was sold at an average price of $1.70, for a total value of $15,303.40.
• On Tuesday, August 4th, David Robert Malcolm Allan sold 35,769 shares of Virtuix stock. The shares were sold at an average price of $1.61, for a total value of $57,588.09.
• 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 transaction of $122,084.04.
• On Wednesday, July 29th, David Robert Malcolm Allan sold 74,270 shares of Virtuix stock. The stock was 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 transaction of $395,269.59.

Virtuix Trading Up 5.3%

VTIX stock opened at $1.78 on Thursday. The firm has a 50-day moving average price of $2.96. The company has a market cap of $53.15 million and a price-to-earnings ratio of -3.71. Virtuix Holdings Inc. has a 12 month low of $1.42 and a 12 month high of $92.74.

Virtuix (NASDAQ:VTIX) last issued its quarterly earnings results on Thursday, June 25th. The company reported ($0.39) earnings per share 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

VTIX has been the topic of a number of research analyst reports. Zacks Research raised Virtuix to a “hold” rating in a report on Tuesday, April 14th. Maxim Group initiated coverage on Virtuix in a report on Thursday, June 18th. They set a “buy” rating and a $11.00 price target for the company. Weiss Ratings upgraded Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen lowered Virtuix from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.