The CAO of Nvidia is Exercising Options


Today, the CAO of Nvidia, Michael Byron, exercised options of Nvidia (NASDAQ: NVDA) for $126.6K.

Following this transaction Michael Byron’s holding in the company was increased by 10.48% to a total of $26.87 million. In addition to Michael Byron, 5 other NVDA executives reported Buy trades in the last month.

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Based on Nvidia’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $3.21 billion and quarterly net profit of $1.24 billion. In comparison, last year the company earned revenue of $1.94 billion and had a net profit of $507 million. Currently, Nvidia has an average volume of 8.89M. The Company has a Price to Book ratio of 20.8706.

37 different firms, including Argus Research and Auriga, currently also have a Buy rating on the stock. Based on 27 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $287.57, reflecting a -7.8% downside.

In the last 30 days, insiders have sold $39.47M worth of NVDA shares and purchased $126.6K worth of NVDA shares. The insider sentiment on Nvidia has been negative according to 81 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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