As the AI revolution brought enormous profit to Nvidia (NASDAQ: NVDA), so did NVDA stock to its traders, especially insiders, who obtained its shares at much lower prices or even as a gift from the company, effectively earning 100% profits.
One such insider is Board of Directors member Dawn Hudson. On May 28, she sold 20,000 NVDA shares at an average price of $1,079.41, raking in a profit of $21.5 million.
This sale has decreased her ownership of NVDA stock by almost 30% from her previous sale on December 15, where she held 70,500 shares.
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NVDA stock experienced heavy insider activity in 2024
With zero purchases and even 24 sales in the previous six months, this year has been profit-taking for Nvidia executives, as they offloaded 541,350 NVDA shares.
And considering the stellar run that NVDA stock had during this time, where its price went from $481 on January 1 to $1,105 on the latest close on May 30, for an increase of almost 130%, it is no wonder that insiders decided to cash in on their holdings.
The biggest NVDA insider sale of 2024 is almost $200 million
In the biggest insider sale of NVDA stock in 2024, Director Tench Coxe offloaded 200,000 NVDA shares on March 5 for a profit of $170 million.
This sale made up almost half of the profits from NVDA insider sales in 2024, with a total profit of approximately $375 million.
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