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

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 stock was sold at an average price of $1.56, for a total value of $122,084.04. Following the transaction, the chief operating officer owned 126,650 shares in the company, valued at $197,574. This trade represents a 38.19% decrease in their ownership of the stock. The transaction was disclosed in a 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 stock was sold at an average price of $1.60, for a total value 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 traded down $0.04 during mid-day trading on Friday, hitting $1.57. 486,066 shares of the company’s stock were exchanged, compared to its average volume of 504,134. The company has a market capitalization of $45.37 million and a P/E ratio of -3.27. Virtuix Holdings Inc. has a fifty-two week low of $1.45 and a fifty-two week high of $92.74. The company has a 50-day moving average of $3.07.

Virtuix (NASDAQ:VTIX) last announced its quarterly earnings data on Thursday, June 25th. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.03. The business had revenue of $1.27 million during the quarter.

Analyst Upgrades and Downgrades

VTIX has been the topic of a number of recent research reports. Zacks Research raised Virtuix to a “hold” rating in a research report on Tuesday, April 14th. Maxim Group started coverage on Virtuix in a research note on Thursday, June 18th. They set a “buy” rating and a $11.00 target price for the company. Wall Street Zen lowered Virtuix from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings upgraded Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Virtuix presently has a consensus rating of “Hold” and a consensus price target 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.