news

nvidia insiders cashed out more than $1.8 billion in stock this year, and more reductions are on the way

2024-10-04

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

since this year, along withnvidiathe stock price has risen significantly compared with last year. company insiders have cashed out a total of more than 1.8 billion us dollars in the stock market, and more cash operations are expected in the future.

data shows that nvidia executives and directors have reduced their holdings of nearly 11 million nvidia shares this year, which is the largest reduction in holdings since at least 2020 after taking into account the impact of stock splits:

  • in september, the company's ceo huang renxun completed the current round of nvidia stock sales through the 10b5-1 trading plan. shares were sold from june 14 to september 13, with an average selling price of $118.83 per share, and a total of 6 million shares sold, cashing out $713 million.jen-hsun huangthis round of nvidia stock sales was scheduled to be effective until march 2025, but he completed all planned sales six months before expiration.
  • nvidia director mark stevens has sold 1.6 million shares this year and disclosed plans to sell another 3 million shares.

however, it should be noted that the overall cash-out scale of insiders as a proportion of nvidia's outstanding shares is still very small. jen-hsun huang still holds more than $100 billion worth of nvidia stock.

analysts believe that insiders' cash-out may be a concern for investors considering whether to buy nvidia shares now. additionally, large technology companies areaihow long the high investment can be maintained also worries the market. however, some analysts pointed out that in the long run, there is no close correlation between the company ceo's stock buying and selling operations and stock price performance.

this week, huang renxun said that nvidia's blackwell architecture chips have been put into full production, and the demand for blackwell is crazy. this made nvidia perform better than the u.s. stock market on thursday, closing up more than 3.3%.