Key Highlights
- Chief Financial Officer Colette Kress offloaded $10.9M in shares on March 20, selling at prices between $171.97 and $177.51 per share
- Board Director Aarti Shah executed three separate transactions on March 19, totaling $3.36M in stock sales
- The semiconductor giant’s shares currently sit at $173, reflecting a 7.3% decline year-to-date while maintaining a ~47% gain over 12 months
- An earlier transaction by Kress on March 18 involved disposing of 76,535 shares at $181.93 for tax withholding purposes
- All transactions were conducted through pre-arranged Rule 10b5-1 trading programs
Insider activity at the AI chip leader made headlines this week as two senior figures at NVIDIA completed stock disposals worth a combined $14.26 million across consecutive trading days.
Colette Kress, who serves as Executive Vice President and Chief Financial Officer, unloaded 68,798 shares during trading on March 20. The transactions occurred at prices ranging from $171.97 to $177.51 per share, generating proceeds of approximately $10.9 million. Despite this sale, Kress maintains direct ownership of 881,387 shares while holding additional stakes through trust arrangements and a limited liability company.
Just days before, Kress completed another divestiture on March 18, selling 76,535 shares at $181.93 each — a transaction valued at approximately $13.9 million. This particular sale served a specific purpose: satisfying tax withholding requirements connected to equity-based compensation. Such transactions are standard practice among corporate executives who receive stock grants as part of their remuneration packages.
Meanwhile, Board Director Aarti Shah disclosed her own stock activity through an SEC Form 4 filing. Shah sold 19,000 shares on March 19 through three separate trades, with weighted average prices spanning $176.27 to $177.73. The combined value reached $3.36 million, leaving Shah with direct ownership of 36,007 shares.
NVDA stock was changing hands at $173 when the regulatory filings became public, giving the company a market capitalization of $4.19 trillion.
Structured Trading Programs
Both insider transactions followed Rule 10b5-1 trading arrangements — Shah’s plan was established on November 25, 2024. These structured programs enable corporate insiders to schedule stock sales in advance according to specific timing or price parameters, creating a separation between the selling decision and potential access to material non-public information.
The chip manufacturer’s shares have retreated 7.3% since the beginning of the year and remain considerably below the 52-week peak of $212.19. Nevertheless, NVDA investors have enjoyed approximately 47% appreciation over the past year.
Wall Street’s Perspective
The analyst community continues expressing optimism about the semiconductor company’s prospects. Wolfe Research maintains an Outperform stance with a $275 price objective, referencing management commentary about potentially reaching $1 trillion in annual revenue by 2027.
Raymond James adopted an even more bullish position, elevating its target to $323 while keeping a Strong Buy recommendation. The firm’s optimism stems from projections of robust cumulative GPU unit sales extending through 2027. Argus similarly advocates a Buy rating with a $220 target, emphasizing the newly introduced Vera Rubin rack-scale architecture designed for data center applications.
From a valuation standpoint, InvestingPro analysis shows NVIDIA’s PEG ratio at 0.54 — a metric that generally indicates favorable pricing relative to anticipated earnings expansion.
In related developments affecting the Nvidia ecosystem, federal authorities in New York revealed an indictment targeting Super Micro Computer co-founder Wally Liaw and two associates. The charges allege a conspiracy to illegally redirect $2.5 billion worth of AI servers — incorporating Nvidia GPUs — to China, contravening U.S. export restrictions.
Bernstein SocGen maintained its Market Perform assessment on Super Micro with a $37 price target following the indictment announcement.
In separate corporate news, Qnity Electronics revealed a collaboration with Nvidia to leverage its cutting-edge computing platforms for semiconductor and electronics materials development.
NVDA stock finished trading at $173 on March 20, 2026.
