Key Highlights
- EVP and CFO Colette Kress offloaded $10.9M worth of NVDA shares on March 20, with execution prices between $171.97 and $177.51
- Board Director Aarti Shah divested $3.36M in stock through three separate transactions on March 19
- The semiconductor giant’s shares currently hover around $173, reflecting a 7.3% decline year-to-date despite a ~47% surge over the past 12 months
- An earlier March 18 transaction by Kress involving 76,535 shares at $181.93 was executed to satisfy tax withholding requirements
- All divestments occurred through predetermined Rule 10b5-1 trading arrangements
Two senior figures at NVIDIA executed stock sales worth a combined $14.26 million during a 48-hour window this week, prompting renewed scrutiny from market observers monitoring executive transactions at the AI chip giant.
Executive Vice President and Chief Financial Officer Colette Kress divested 68,798 shares on March 20, with transaction prices spanning from $171.97 to $177.51 per share, generating proceeds of $10.9 million. After completing these transactions, Kress maintains direct ownership of 881,387 shares while continuing to hold additional shares through various trust structures and limited liability company arrangements.
Prior to this sale, on March 18, Kress executed another divestment involving 76,535 shares priced at $181.93 each — generating approximately $13.9 million in proceeds — specifically to satisfy tax withholding requirements associated with stock-based compensation. Such transactions are standard practice for corporate executives whose remuneration packages include equity awards.
Meanwhile, Board Director Aarti Shah disclosed through SEC Form 4 filings the sale of 19,000 shares on March 19, executed through three separate transactions. The weighted average execution prices ranged from $176.27 to $177.73, generating total proceeds of $3.36 million. Shah’s direct holdings now stand at 36,007 shares.
NVDA stock was changing hands at $173 when these regulatory filings were submitted, representing a market capitalization of $4.19 trillion.
Transactions Followed Predetermined Plans
Both executives’ sales were conducted under Rule 10b5-1 trading arrangements — with Shah’s plan established on November 25, 2024. Such frameworks enable corporate insiders to establish predetermined selling schedules or price triggers in advance, creating a clear separation between the timing of sale decisions and potential access to material non-public information.
The chipmaker’s shares currently reflect a 7.3% year-to-date decline and remain substantially below the 52-week peak of $212.19. Nevertheless, NVDA shareholders have enjoyed approximately 47% gains when measured over a full twelve-month period.
Wall Street’s Current View
Street analysts maintain predominantly bullish perspectives on the stock. Wolfe Research carries an Outperform designation with a $275 price objective, referencing management commentary suggesting a feasible trajectory toward $1 trillion in annual revenue by 2027.
Raymond James adopted an even more aggressive stance, elevating its price target to $323 while retaining a Strong Buy recommendation, emphasizing robust projected cumulative GPU shipment volumes through 2027. Argus maintains a Buy rating alongside a $220 target, underscoring the significance of the newly introduced Vera Rubin rack-scale architecture designed for data center deployments.
From a valuation perspective, InvestingPro metrics show NVIDIA’s PEG ratio at 0.54 — a figure generally interpreted as indicating favorable pricing relative to anticipated earnings expansion.
In related developments affecting the NVIDIA ecosystem, federal prosecutors in New York revealed an indictment targeting Super Micro Computer co-founder Wally Liaw alongside two additional defendants. The allegations: orchestrating an illegal scheme to redirect $2.5 billion worth of AI servers — incorporating NVIDIA GPUs — to China in contravention of U.S. export restriction regulations.
Bernstein SocGen maintained its Market Perform stance on Super Micro with a $37 price objective following these revelations.
In separate corporate news, Qnity Electronics disclosed a collaborative arrangement with NVIDIA to leverage its advanced computing platforms for semiconductor and electronics materials research initiatives.
NVDA shares settled at $173 on March 20, 2026.
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