John Givens II, the CEO of VirTra, Inc., made a significant investment in the company by acquiring 4,217 shares of its stock on November 14, 2023. This transaction, valued at approximately $19,946.41, reflects an average purchase price of $4.73 per share. Following this acquisition, Givens now directly owns 327,605 shares of VirTra, equating to a total value of around $1,549,571.65. This latest purchase marks a 1.30% increase in his ownership stake.
The details of this transaction were disclosed in a filing with the Securities and Exchange Commission, which can be accessed for further information on the SEC’s official website.
VirTra’s Stock Performance and Financial Overview
On the trading floor, VirTra’s stock experienced a slight decline, dropping by $0.20 to reach $4.77 during trading on the following Tuesday. The trading volume stood at 43,722 shares, a figure lower than its average volume of 79,601 shares. Currently, the company holds a market capitalization of $53.91 million and maintains a debt-to-equity ratio of 0.16.
VirTra has posted a 50-day simple moving average of $5.64 and a 200-day simple moving average of $5.90. The stock has seen a 1-year low of $3.57 and a 1-year high of $8.20.
In terms of financial performance, VirTra reported its quarterly earnings on November 10, 2023. The company recorded an earnings per share (EPS) of ($0.03), falling short of the consensus estimate of $0.05 by ($0.08). The net margin was reported at 4.15%, coupled with a return on equity of 2.41%. Revenue for the quarter reached $5.35 million, while analysts had anticipated a higher figure of $6.99 million.
Institutional Investors and Market Sentiment
Interest from institutional investors has been notable, with several hedge funds adjusting their positions in VirTra. Nuveen LLC entered the market with a new position valued at approximately $94,000 in the first quarter. Additionally, Bank of New York Mellon Corp increased its stake by 19.8%, bringing its total ownership to 25,278 shares, valued at around $103,000.
Further investments were noted, with Y Intercept Hong Kong Ltd acquiring a position worth approximately $228,000 in the second quarter. Marshall Wace LLP made a significant investment of around $868,000 during the same period, while Jane Street Group LLC purchased a stake valued at approximately $341,000. Currently, institutional investors and hedge funds collectively own 14.69% of VirTra’s stock.
VirTra, Inc. specializes in providing use-of-force and firearms training simulators tailored for law enforcement, military, and commercial markets globally. Its patented technologies and training scenarios are designed to replicate real-world situations, offering comprehensive training in de-escalation, judgmental use-of-force, and marksmanship.
As market dynamics continue to evolve, the performance and strategic moves of VirTra and its leadership will be closely monitored by investors and analysts alike.
