Nvidia Corp (NASDAQ:NVDA) director Dawn E. Hudson (NYSE:HUD) has sold a significant portion of her shares in the company, according to a recent filing with the Securities and Exchange Commission. The transactions, which took place on May 24 and May 28, resulted in the sale of Nvidia common stock worth over $21 million.
On May 24, Hudson sold 9,703 shares at an average price of $1,058.57, with prices ranging from $1,058.28 to $1,058.78. Additionally, 1,446 shares were sold at an average price of $1,059.81, with a price range between $1,059.70 and $1,059.99. Another set of 3,851 shares were also sold on the same day at an average price of $1,060.57, with the transaction prices ranging from $1,060.13 to $1,060.63.
A few days later, on May 28, Hudson executed another sale, offloading 5,000 shares of Nvidia stock at an average price of $1,140.04, with sales prices ranging from $1,140.00 to $1,140.13.
Following these transactions, Hudson's remaining stake in Nvidia consists of 50,500 shares. The sales come at a time when Nvidia's stock has been under the watchful eye of investors, as the semiconductor industry faces various market challenges.
The total value of the shares sold by Hudson amounts to approximately $21,588,245, reflecting a notable transaction by a high-ranking insider of the company. Investors often monitor such sales for insights into executive confidence in the company's prospects, although they may also be executed for personal financial management reasons unrelated to the executive's outlook on the company's future performance.
Nvidia has not issued any public statement regarding these transactions, and as is standard practice, the SEC filing provides the necessary transparency for such insider activity. Hudson, through her attorney-in-fact, has indicated her willingness to provide full information regarding the number of shares sold at each separate price upon request.
InvestingPro Insights
As investors digest the news of Nvidia Corp (NASDAQ:NVDA) director Dawn E. Hudson's recent stock sales, it's valuable to consider the company's current financial health and market performance. Nvidia has a robust Piotroski Score of 9, indicating a very healthy financial state. This score is a composite measure that assesses the strength of the company's financial position and is a metric appreciated by investors for identifying companies with solid fundamentals.
Nvidia's market performance has also been noteworthy. Analysts have revised their earnings upwards for the upcoming period, reflecting optimism about the company's future profitability. Additionally, Nvidia's significant sales growth in the current year further bolsters confidence in the company's ability to navigate market challenges successfully.
Looking at the numbers, Nvidia's market capitalization stands at a staggering $2820.0B USD, with a high Price/Earnings (P/E) ratio of 66.53. This indicates that investors are willing to pay a premium for Nvidia shares, which could be due to the company's growth prospects and dominant position in the semiconductor industry. The company's revenue has experienced phenomenal growth over the last twelve months as of Q1 2025, surging by 208.27% to reach $79.77B USD.
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