Amid Nvidia (NASDAQ: NVDA) stock’s heightened volatility, Colette Kress, the company’s Executive Vice President and Chief Financial Officer, has continued to offload her stake.
The most recent trade occurred on March 21, 2025, when Kress sold 66,660 shares of Nvidia common stock, generating approximately $7.79 million. According to filings with the Securities and Exchange Commission (SEC), the sale prices ranged from $116.25 to $117.70.
The transactions were conducted under a pre-established Rule 10b5-1 trading plan, adopted on March 22, 2024.
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Earlier, on March 19, 2025, Kress disposed of 103,965 shares at $115.43 each, totaling around $12 million. Unlike the direct sales, Nvidia withheld these shares to cover tax obligations related to restricted stock unit (RSU) vesting. Following these transactions, Kress still holds 3,085,765 shares directly.
While sales under a 10b5-1 plan are typically pre-planned and not necessarily a bearish signal, the size of Kress’ transactions could raise investor concerns about Nvidia’s valuation at current levels.
Large insider sales often spark speculation about a potential slowdown in stock momentum. One of Nvidia’s most notable insider sales was initiated by CEO Jensen Huang in 2024, netting over $714 million.
NVDA stock price analysis
The sale comes at a period when NVDA stock has failed to make a decisive move upward, with $120 remaining as the key resistance level to watch. At the close of the last trading session, Nvidia stock was valued at $117.70, ending the day down 0.7%. The equity remains in the red year-to-date, having plunged over 14%.
Interestingly, NVDA stock is still struggling despite the company’s strong fundamentals, mainly stemming from its role in the artificial intelligence (AI) sector and its blockbuster Q4 earnings.
Looking at the stock’s technical indicators, NVDA faces a potential drop, considering that the equity was on the verge of forming the dreaded “death cross” pattern at the close of the last session.
The pattern typically occurs when the 50-day moving average (MA) crosses below the 200-day MA. For NVDA stock, the last occurrence was in April 2022, which preceded a 30% drop within two months.
According to stock trading expert SmartReversals in an X post on March 22, Nvidia’s 20-day MA has acted as strong resistance over the past two weeks, rejecting multiple bounce attempts.
For bulls to regain control, NVDA must break above the 20-day MA and clear $118.40, which could open the door for a relief rally toward $127. Therefore, anticipation is building for Nvidia to make a decisive move above the $120 resistance, or a further breakdown could push the stock toward the $105 support zone.
The ongoing weakness in Nvidia stock can partly be attributed to a shift away from growth stocks, as investors seek safer bets amid economic uncertainty fueled by concerns over President Donald Trump’s trade tariffs.
Nvidia stock fundamentals
Despite the stock’s struggles, Nvidia’s fundamentals remain strong, with analysts backing the company’s leadership in AI and product roadmap, particularly its next-generation Blackwell chips, which investors closely watch.
Additionally, Nvidia’s future in the AI sector was reinforced at the recent GPU Technology Conference (GTC) from March 17-21. During the event, CEO Huang declared that AI is at an “inflection point” and projected $1 trillion in data center revenue by 2028.
At the same time, he unveiled the Blackwell Ultra and Vera Rubin AI chips, slated for 2025-2027. He highlighted AI’s shift from perception to generative to “agentic AI” with reasoning capabilities, noting that Nvidia is well-positioned to capture this market.
Wall Street bullish on Nvidia stock
Consequently, Wall Street analysts remain bullish on the technology giant, especially after the GTC event. As reported by Finbold, Bank of America (BofA) reiterated its ‘Buy’ rating with a $200 price target, citing Nvidia’s expanding competitive moat and surging demand, 1.8 million Blackwell packages shipped or ordered, and a 900x AI performance boost expected from Rubin chips.
Bernstein maintained its ‘Outperform’ rating with a price target of $185, emphasizing Nvidia’s AI dominance and growing market share in the projected $1 trillion data center industry by 2028.
JPMorgan also reaffirmed its ‘Overweight’ rating, setting the stock’s value at $170 and highlighting Blackwell Ultra’s 50% performance boost and Nvidia’s lead in accelerated computing.
Lastly, Stifel kept its ‘Buy’ rating with a target of $180, pointing to Nvidia’s next-gen AI architectures, Dynamo inference software, and networking advances as key drivers of future growth.
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