Key Highlights
- Executive Vice President and CFO Colette Kress liquidated $10.9M in shares on March 20, with execution prices between $171.97 and $177.51
- Board Director Aarti Shah offloaded $3.36M through three separate trades on March 19
- Shares currently valued at $173, representing a 7.3% decline since the start of the year, though up approximately 47% over 12 months
- An additional 76,535 shares were disposed of by Kress on March 18 at $181.93 for tax withholding purposes
- All transactions conducted through pre-arranged Rule 10b5-1 trading programs
Top executives at NVIDIA unloaded shares worth $14.26 million in a two-day window this week, catching the eye of market watchers monitoring insider movements at the semiconductor giant.
The company’s CFO and Executive Vice President, Colette Kress, executed a sale of 68,798 shares on March 20, with transaction prices spanning from $171.97 to $177.51, generating proceeds of $10.9 million. After completing these transactions, Kress maintains direct ownership of 881,387 shares while also holding additional shares through trust arrangements and a limited liability company.
Preceding this by 48 hours, Kress divested another 76,535 shares on March 18 at a per-share price of $181.93 — a deal valued at approximately $13.9 million — specifically to satisfy tax liabilities associated with her equity-based compensation. Such disposals are standard practice among corporate leaders who receive stock awards as part of their remuneration packages.
Meanwhile, Board Director Aarti Shah submitted regulatory paperwork to the SEC revealing she sold 19,000 shares on March 19 through three distinct trades. The average execution prices varied from $176.27 to $177.73, accumulating to $3.36 million in total value. Shah’s remaining direct stake stands at 36,007 shares.
NVDA stock was priced at $173 when these disclosures were filed, giving the chipmaker a market capitalization of $4.19 trillion.
Automated Trading Programs
Both sets of stock sales were carried out through Rule 10b5-1 trading arrangements — Shah’s plan having been established on November 25, 2024. Such programs enable company insiders to schedule stock disposals ahead of time at specific dates or price thresholds, creating a barrier between the sale decision and any access to material non-public information.
The shares have declined 7.3% since January and remain considerably below the 52-week peak of $212.19. Nevertheless, NVDA has generated impressive gains of nearly 47% when measured over the past year.
Wall Street Perspectives
Analyst opinion on the semiconductor manufacturer leans decidedly bullish. Wolfe Research maintains an Outperform designation with a $275 price objective, referencing management commentary about a potential trajectory toward $1 trillion in annual revenue by 2027.
Raymond James adopted an even more aggressive stance, elevating their target to $323 while affirming a Strong Buy recommendation, driven by robust projections for cumulative GPU shipments extending through 2027. Argus maintains a Buy rating with a $220 target, emphasizing the newly introduced Vera Rubin rack-scale architecture designed for data center deployments.
From a valuation perspective, InvestingPro figures show NVIDIA’s PEG ratio at 0.54 — a metric that generally indicates the equity is reasonably priced when measured against anticipated earnings expansion.
In adjacent developments affecting the Nvidia supply chain, federal authorities in New York revealed criminal charges against Super Micro Computer founder Wally Liaw alongside two co-defendants. The allegations center on a conspiracy to illegally redirect $2.5 billion in AI server equipment — containing Nvidia GPUs — to China, breaching U.S. export restrictions.
Bernstein SocGen maintained a Market Perform assessment on Super Micro with a $37 price objective after this announcement.
Additionally, Qnity Electronics disclosed a collaborative arrangement with Nvidia to leverage its high-performance computing platforms for research into semiconductor and electronics materials.
NVDA stock settled at $173 on March 20, 2026.
