Nvidia’s chief accountant sells shares worth more than $520,000 Via Investing.com

Nvidia Corp (NASDAQ:NVDA) reported a recent transaction involving the sale of company stock by Chief Accounting Officer Donald F. Robertson Jr. According to the latest filing, Robertson sold a total of 4,500 shares, resulting in more than $520,000 in proceeds.

Sales took place on September 20, 2024, with prices ranging from $116.18 to $118.15. Specifically, 3,300 shares were sold at an average price of $116.18, with a range of $115.70 to $116.64. Another 900 shares were sold at an average price of $117.19, with a range of $116.77 to $117.73, and the last 300 shares were sold at an average price of $118.15, with prices between $118.06 and $118.27.

This transaction was executed pursuant to a Rule 10b5-1 trading plan previously adopted by Robertson on October 6, 2023. Rule 10b5-1 plans allow company insiders to establish predetermined plans to buy or sell company stock when I am not in possession. of material non-public information, providing a defense against insider trading claims.

In addition, the filing revealed that on September 18, shares of Nvidia common stock were withheld by the company to satisfy tax obligations owed in connection with the previously reported grant of restricted stock units. The aggregate value of these retained shares was $805,893 at a price of $115.59 per share.

After these transactions, Robertson’s holdings in Nvidia stock were adjusted to 492,409 shares. The filings also noted minor adjustments to total shares held, including shares purchased through the company’s Employee Stock Purchase Plan and shares issued upon vesting of restricted stock units.

Investors and followers of Nvidia Corp can find more details on the specific number of shares sold at each price point upon request to the Securities and Exchange Commission (SEC), Nvidia or the issuer’s security holder.

In other recent news, OpenAI, the firm behind the popular ChatGPT technology, is currently in the midst of a significant funding round that could value the company at $150 billion. That valuation depends on the AI ​​company’s ability to successfully restructure and remove a profit cap for its investors. The proposed $6.5 billion funding round is drawing strong interest from both existing and new investors, including tech giants Microsoft (NASDAQ: ), Nvidia and Apple (NASDAQ: ).

In related developments, a significant rally in Nvidia stock has been a major contributor to the performance of the S&P 500, with the chipmaker’s stock up 140% this year. The increase came after Nvidia’s CEO announced strong demand for the company’s chips.

In the banking sector, companies such as JPMorgan Chase (NYSE: ), Bank of America and Wells Fargo saw their shares rise after cutting their prime rates. This followed the Federal Reserve’s recent announcement of a half percentage point rate cut to support the world’s largest economy. Market participants now anticipate a further 25 basis point interest rate cut at the Fed’s November meeting.

These recent developments highlight the dynamic nature of the investment landscape, with companies such as OpenAI and Nvidia making significant strides in their respective sectors.

InvestingPro Insights

Nvidia Corporation (NASDAQ: ) has demonstrated robust financial performance, with several key indicators pointing to a strong market position. According to InvestingPro data, Nvidia’s revenue for the trailing twelve months through Q2 2025 reached an impressive $96.31 billion, marking a significant increase of 194.69%. This substantial growth is also reflected in the company’s gross profit margin, which stands at a high of 75.98% for the same period, demonstrating Nvidia’s ability to maintain profitability despite costs.

InvestingPro Tips points out that Nvidia is not only a prominent player in the semiconductor and semiconductor equipment industry, but also boasts an impressive gross profit margin that aligns with the aforementioned data. Additionally, analysts have revised their forward earnings upward, signaling confidence in the company’s future performance. This information suggests that Nvidia is well positioned for continued growth and profitability.

For investors who want a more in-depth analysis, there are 21 additional InvestingPro tips available for Nvidia that provide a comprehensive picture of the company’s financial health and market potential. These tips can be accessed through the InvestingPro for Nvidia dedicated page at https://www.investing.com/pro/NVDA.

To give more context to the article, it’s worth noting that Nvidia’s stock price has seen a big rise over the past six months, with a total return of 26.89%. This positive momentum is part of a longer trend, with the total price return since the beginning of the year reaching a staggering 134.29%. The company’s ability to maintain dividend payments for 13 consecutive years also underscores its commitment to shareholder returns, which may reassure investors following the insider sale transaction detailed in the article.

This article was generated with AI support and reviewed by an editor. For more information, see T&C.