Key Highlights
- Executive Vice President and CFO Colette Kress liquidated $10.9M in shares on March 20, with sale prices between $171.97 and $177.51
- Board member Aarti Shah disposed of $3.36M in NVDA shares on March 19 through three separate transactions
- Shares currently trading at $173, reflecting a 7.3% decline for the year but maintaining a ~47% gain over 12 months
- An earlier March 18 transaction by Kress involved disposing of 76,535 shares at $181.93 for tax withholding purposes
- All transactions occurred through predetermined Rule 10b5-1 trading arrangements
Two senior figures at NVIDIA executed stock sales totaling $14.26 million across consecutive days this week, sparking interest among market observers monitoring insider trading patterns at the semiconductor giant.
On March 20, Colette Kress, who serves as Executive Vice President and Chief Financial Officer, liquidated 68,798 shares with pricing ranging from $171.97 to $177.51 per share, generating proceeds of $10.9 million. Despite this sale, Kress maintains direct ownership of 881,387 shares, in addition to indirect holdings through various trusts and a limited liability company.
Just two days prior on March 18, Kress executed another disposal involving 76,535 shares priced at $181.93 each — a transaction valued at approximately $13.9 million — specifically designated to satisfy tax withholding requirements connected to equity-based compensation. Such transactions are standard practice for corporate executives whose compensation packages include stock awards.
Meanwhile, Board Director Aarti Shah submitted a regulatory Form 4 disclosure revealing the disposal of 19,000 shares on March 19 through three distinct transactions. The weighted average sale prices spanned from $176.27 to $177.73, yielding total proceeds of $3.36 million. Shah’s remaining direct holdings now stand at 36,007 shares.
NVDA stock was valued at $173 when these filings became public, giving the company a market capitalization of $4.19 trillion.
Structured Trading Plans in Play
Both insider sales were conducted through Rule 10b5-1 trading arrangements — Shah’s plan was established on November 25, 2024. These regulatory frameworks enable corporate insiders to establish predetermined selling schedules or price thresholds in advance, creating a barrier between the selling decision and potential access to material non-public information.
The shares are currently down 7.3% since the beginning of the year and trading significantly below the 52-week peak of $212.19. However, NVDA shareholders have still enjoyed approximately 47% appreciation over the past year.
Wall Street’s Perspective
Analyst coverage of the stock skews decidedly bullish. Wolfe Research maintains an Outperform designation with a $275 price objective, referencing management commentary suggesting a potential trajectory toward $1 trillion in annual revenue by 2027.
Raymond James took an even more aggressive stance, elevating its price target to $323 while maintaining a Strong Buy recommendation, emphasizing robust projections for cumulative GPU unit sales extending through 2027. Argus also assigns a Buy rating alongside a $220 target, drawing attention to the newly unveiled Vera Rubin rack-scale architecture designed for data center deployments.
From a valuation perspective, InvestingPro analysis indicates NVIDIA’s PEG ratio stands at 0.54 — a metric that generally indicates favorable pricing relative to anticipated earnings expansion.
In related developments affecting the Nvidia supply chain, federal prosecutors in New York revealed criminal charges against Super Micro Computer co-founder Wally Liaw and two additional defendants. The allegations center on a conspiracy to illegally redirect $2.5 billion in AI server equipment — incorporating Nvidia GPUs — to China, violating U.S. export control regulations.
Bernstein SocGen maintained its Market Perform stance on Super Micro with a $37 price objective in response to these developments.
In separate business news, Qnity Electronics disclosed a collaborative agreement with Nvidia to leverage its advanced computing platforms for semiconductor and electronics materials research initiatives.
NVDA stock settled at $173 on March 20, 2026.
