Nvidia (NVDA) Director Robert K. Burgess recently sold shares of the company worth $6.16 million. This sale likely reflects Burgess capitalizing on the significant Nvidia stock price surge fueled by the AI boom. Moreover, with the stock currently 22% below its 52-week high due to recent market fluctuations, Burgess’ move suggests an attempt to lock in profits before any potential further decline.
According to the SEC filing, Burgess divested 53,324 shares of NVDA on March 13, at prices ranging from $115.40 to $115.65 per share. Following the latest transaction, he still holds 251,044 Nvidia shares valued at about $30 million.
NVDA designs and manufactures advanced graphics processing units (GPUs) and AI computing technology.
Insiders Sentiment for NVDA Stock Is Currently Negative
Overall, corporate insiders have sold the company’s shares worth $137.4 million over the last three months. Overall, the sentiment among corporate insiders is currently Negative.
Investors may benefit from keeping an eye on transactions made by key insiders, as these trades typically reflect their trust in the company’s future. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Top-Rated Analysts Bullish on NVDA Stock
While insiders are bearish on the stock, two Top-rated analysts Tristan Gerra from Robert W. Baird and Timothy Arcuri from UBS (UBS) remain bullish on the stock.
Gerra rated Nvidia a Buy, citing its Spectrum CPO technology, which is expected to boost performance while reducing power use and latency. Also, Gerra’s $195 price target (implying a 63.1% upside) reflects a premium valuation due to Nvidia’s strong AI data center position and market share potential.
Similarly, Arcuri remains optimistic about Nvidia’s future, despite uncertainties about AI adoption. The analyst sees strong potential, noting that NVDA stock is favorably valued at under 20 times the projected 2026 earnings.
Is Nvidia a Good Stock to Buy Now?
Turning to Wall Street, NVDA has a Strong Buy consensus rating based on 39 Buys and three Holds assigned in the last three months. At $177.23, the average Nvidia stock price target implies a 48.27% upside potential.
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