A senior executive at Nvidia (NVDA) kicked off 2025 by selling shares in the chipmaker.
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Ajay K. Puri, Nvidia’s Executive Vice-President of Worldwide Field Operations, sold $5.5 million worth of NVDA shares in the first stock sale by an insider at the company this year. Puri sold shares on January 6 and January 7 at prices ranging from $150.41 to $152.50 each, which was near the stock’s all-time high.
The sales were conducted using a Rule 10b5-1 trading plan. Such plans are used by company insiders to remove the appearance of any bias they may have from the knowledge of non-public information. The plans automatically execute trades when preset conditions such as volume, price, and timing are reached.
Big Sales Planned
Puri adopted a Rule 10b5-1 trading plan last September. That plan aims to sell as many as 204,890 shares of NVDA stock, currently worth $28.7 million, by the end of this year. The shares sold had been held through a trust that Puri controls that now owns 3.90 million Nvidia shares.
According to filings with the U.S. Securities and Exchange Commission (SEC), Puri also owns 859,558 Nvidia shares in a personal account, and 46,360 shares through trusts established for his children. NVDA stock has gained 158% over the last 12 months.
Is NVDA Stock a Buy?
The stock of Nvidia has a consensus Strong Buy rating among 40 Wall Street analysts. That rating is based on 37 Buy and three Hold recommendations assigned in the last three months. The average NVDA stock price target of $177.03 implies 26.22% upside from current levels.
