Virtuix (NASDAQ:VTIX) COO Sells $57,588.09 in Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) COO David Robert Malcolm Allan sold 35,769 shares of Virtuix stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $1.61, for a total transaction of $57,588.09. Following the transaction, the chief operating officer directly owned 9,002 shares in the company, valued at $14,493.22. This represents a 79.89% 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 Wednesday, August 5th, David Robert Malcolm Allan sold 9,002 shares of Virtuix stock. The shares were sold at an average price of $1.70, for a total transaction of $15,303.40.
• On Monday, August 3rd, David Robert Malcolm Allan sold 81,879 shares of Virtuix stock. The shares were sold at an average price of $1.47, for a total transaction of $120,362.13.
• 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 stock was sold at an average price of $1.79, for a total transaction of $395,269.59.

Virtuix Trading Up 5.3%

NASDAQ:VTIX traded up $0.09 on Wednesday, hitting $1.78. The stock had a trading volume of 1,089,295 shares, compared to its average volume of 511,789. Virtuix Holdings Inc. has a 1 year low of $1.42 and a 1 year high of $92.74. The firm’s fifty day simple moving average is $2.96. The firm has a market cap of $53.15 million and a PE ratio of -3.71.

Virtuix (NASDAQ:VTIX) last announced its 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 business had revenue of $1.27 million during the quarter.

Wall Street Analyst Weigh In

VTIX has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, July 1st. Wall Street Zen downgraded shares of Virtuix from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Research upgraded shares of Virtuix to a “hold” rating in a research report on Tuesday, April 14th. Finally, Maxim Group started coverage on shares of 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 assigned a Sell rating to the stock. According to MarketBeat, Virtuix has a consensus rating of “Hold” and a consensus price target 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.