Virtuix Holdings COO David Allan sells $395,269 in NASDAQ:VTIX shares By Investing.com
- Investment Opportunities Startups
Peter Lynch- 0
- 3 minutes read
David Allan, Chief Operating Officer and a Director at Virtuix Holdings Inc. (), sold 220,821 shares of the company’s Class A common stock on July 28, 2026. The shares were sold at a price of $1.79 per share, totaling approximately $395,269.
The transaction was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Allan adopted on March 31, 2026. Following this sale, Mr. Allan directly holds 279,179 shares of Virtuix Holdings Class A common stock.The insider sale comes as VTIX shares have declined 93% year-to-date and dropped 39% over the past week alone. Despite the sharp decline, InvestingPro analysis suggests the stock remains undervalued at current levels. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for VTIX and over 1,400 US equities, along with exclusive ProTips analyzing the company’s high volatility and financial challenges.
In other recent news, Virtuix Holdings Inc. reported a significant financial turnaround in fiscal 2026, with revenue increasing by 18% to $4.3 million. The company also saw its gross margin move into positive territory while reducing operating expenses, although it still reported a net loss of $16.8 million for the year. In addition to financial developments, Virtuix announced a partnership with Sirica Therapeutics to utilize its Omni One platform for autism therapy applications. Two systems have been sold and shipped to Sirica’s treatment center in the San Francisco Bay Area, where they will be used for virtual reality and AI-assisted therapy for children. Furthermore, Virtuix deployed its Omni One system to an Air National Guard unit in Horsham, Pennsylvania. This deployment aims to explore the system’s potential for movement-based military training simulations. These recent developments highlight Virtuix’s efforts to expand its market reach and explore new applications for its technology.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
investment News
